Business
Fury Commences Drilling at the Committee Bay Project in Nunavut
TORONTO, ON / ACCESSWIRE / July 14, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Commences Drilling at the Committee Bay Project in NunavutTORONTO, ON / ACCESSWIRE / July 14, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce that it has commenced drilling at its Committee Bay project in the Kitikmeot region of Nunavut. Fury controls a 270,000-hectare land position, which is situated across a 300-kilometre (km) greenstone belt, with multiple high-grade target centres. The Company's 5,000-metre (m) drill program is designed to expand the defined high-grade mineralization at the Raven prospect, which has historical drill intercepts of 2.8m of 31.1 g/t gold and 5.49m of 12.6 g/t gold [1], and test the potential below the current resource at the Three Bluffs deposit. Fury also plans to conduct surface exploration work at five targets located in the southern half of the belt to advance them to drill stage (Figure 1).\"Committee Bay represents a potential major gold exploration opportunity in Nunavut where some of the larges#_ftn1t global gold discoveries have been made,\" commented Mike Timmins, President and CEO. \"This year's high impact exploration plan has been designed to test significant extensions of high-grade mineralization at both Raven and Three Bluffs, as well as advance several high priority targets on the belt to drill stage. We are very excited about this year's program as Raven has some of the best historic drill results on the entire greenstone belt and sits on a mineralized 8km shear zone.\"Raven Prospect OverviewThe Raven prospect is located in the southwest third of the Committee Bay gold belt approximately 40km west of the Three Bluffs deposit (Figure 1). It is situated along an 8km long shear zone where defined gold mineralization occurs in quartz-arsenopyrite veins in highly sheared gabbros and mafic volcanic rocks over a strike length of approximately 1.2km (Figures 2 and 3). Raven has a total of nine historical drill holes totaling 1,670m over a drilled strike length of 400m. The drilling has defined a high-grade body of mineralization approximately 250m in length, with a 30-degree plunge to the east that is open along strike and down dip (Figure 3).Fury plans to drill the Raven prospect through aggressive step outs up to 500m down plunge from historical drilling to demonstrate the scale of the system and to explore the ...