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Fury Defines Six Targets Along the Cannard Deformation Zone at Lac Clarkie
VANCOUVER, BC / ACCESSWIRE / February 13, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE Americ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Defines Six Targets Along the Cannard Deformation Zone at Lac ClarkieVANCOUVER, BC / ACCESSWIRE / February 13, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to provide an update on targeting at the wholly owned Lac Clarkie project immediately to the east of its 100% owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The Company has defined a total of eight gold targets through the completion of a B-horizon soil sampling program (Figure 1). Six of the targets lie along the Cannard Deformation Zone which hosts numerous gold occurrences along its >100 kilometre (km) mapped extent including Fury's Eau Claire Deposit and Percival Property. Fury is working to prioritize these newly defined targets for follow-up in 2023 with the aim of advancing a number of these targets to the drill-ready stage.\"The identification of eight new gold targets at the Lac Clarkie project is a significant step forward in our goal of creating an active pipeline of high-quality new discovery opportunities to complement the growing Eau Claire deposit. Importantly, six of the eight targets lay along the same extension of the productive and highly prospective Cannard Deformation Zone which also hosts the Percival Prospect and the Eau Claire Deposit,\" commented Tim Clark, CEO of Fury. \"In the coming weeks, we will be announcing our 2023 exploration plans which will focus on expanding our recent drilling successes as well as bringing several discovery opportunities throughout our portfolio to the drill-ready stage. Fury is well funded with C$9.3 million in the treasury, no debt, and approximately C$60 million worth of marketable securities held in shares of Dolly Varden Silver.\"Figure 1: Eight newly defined gold in B-Horizon soil targets within the Lac Clarkie project. Lac ClarkieThe wholly owned 35,000 hectare (ha) Lac Clarkie project is contiguous to the east of the Company's flagship Eau Claire project covering an additional 20km of the regional Cannard Deformation Zone. The Cannard Deformation Zone is host to over ten gold occurrences within Fury's Eau Claire project alone, most notably the high-grade Eau Claire Deposit and Percival Prospect. The 2022 soil sampling program focused on three discrete regional targets derived from a combination of; reinter...