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Fury Commences 10,000-Metre Drill Program at Eau Claire and Provides an Update on the Kipawa Rare Earths Project
TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: F...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Commences 10,000-Metre Drill Program at Eau Claire and Provides an Update on the Kipawa Rare Earths Project\n\n\n\n TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) --\n \n Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”)\n \n is pleased to announce that it has commenced a 10,000-metre fall/winter drilling program at its wholly owned Eau Claire Gold Project (“Eau Claire” and the “Project”), located in the Eeyou Istchee Territory in the James Bay region of Quebec. The program is based on recommendations from the recent Eau Claire PEA and will focus on resource growth and enhancing the mine plan. Two drill rigs are currently active at site.\n \n\n\n “We are excited to launch the next phase of drilling at Eau Claire, where our focus remains on advancing Eau Claire to development stage,”\n \n stated Tim Clark, CEO of Fury Gold Mines.\n \n “We also recognize the growing strategic importance of the Kipawa rare earths project and we are encouraged by the project’s potential. We look forward to working alongside First Nations and local communities to evaluate next steps.”\n \n\n\n The fall/winter 2025 drill program at Eau Claire, comprising approximately 10,000 metres, will focus on:\n \n\n\n Expanding resources along high-grade shoots, which were highlighted in the PEA mineable portion of the resource;\n \n\n Connecting the current resource outside of the PEA mineable portion to bring more of the existing gold ounces into an eventual development scenario; and\n \n\n Continuing to identify additional resource growth opportunities.\n \n\n\n\n\n\n Kipawa Heavy Rare Earths Project\n \n\n\n Although Fury’s core focus remains on precious metals, the Company is pleased to provide an update on the Kipawa rare earths project in Quebec, given recent attention and increased valuations to rare earth projects globally. Since acquiring this project as part of the Quebec Precious Metals acquisition in the first quarter of this year, Fury has primarily focused on re-initiating dialogue with local community members and First Nations. The first step has been the establishment of a new community council comprised of local and First Nation leadership representation, which includes one Fury representative. The Company goal is to w...