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Fury Commences 50,000 Metre Drill Program at Eau Claire Project in Quebec
VANCOUVER, BC AND TORONTO, ON / ACCESSWIRE / November 9, 2020 / Fury Gold Mines Limited (TS...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Commences 50,000 Metre Drill Program at Eau Claire Project in QuebecVANCOUVER, BC AND TORONTO, ON / ACCESSWIRE / November 9, 2020 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce it has commenced drilling at its Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The 50,000-metre (m) drill program will test a one-kilometre down plunge extension of the Eau Claire deposit, new targets that are being developed along the 7-kilometre deposit trend and include selective infill drilling at the southeast margin of the deposit.A Message from Mike Timmins, President & CEO:\"This is an exciting time for Fury shareholders as we set out on a major drill program at Eau Claire - a project we feel has been largely underexplored. Our targeting efforts continue to reveal potential, both at the deposit and along the continuation of the Eau Claire structure to the east and at depth. Our technical team has done an incredible job positioning us for drilling within the first month of the Company's formation.\"This milestone also marks the beginning of Fury's campaign of exploration and expansion drilling across our three gold projects over the next 18 months. A campaign we believe will demonstrate the growth potential of our portfolio of high-quality assets and create the opportunity for major catalysts to drive performance per share.\"A Message from Michael Henrichsen, SVP, Exploration:\"The technical team is rapidly evolving our exploration targets along the 7-kilometre-long deposit trend and we look forward to identifying new targets over the next several weeks as we continue to collect new data sets and process historical information. Our team believes there is strong discovery potential at the Eau Claire project based on our current evaluation of the data.\"Drill Program:The infill drill program at the Eau Claire deposit will consist of approximately 25,000m on the southeast margin of the existing resource, which is currently defined by 200,000 ounces at 12.2 g/t gold (using a 3.5g/t gold cut-off grade) of inferred category. This portion of the drill program is designed to add ounces between defined resource blocks as well as upgrade the resource category from inferred to indicated in this location (Figure 1).Exploration drilling will te...