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Fury Drills 6.04 Metres of 11.56 g/t Gold Outside of the Defined Resource at Eau Claire
TORONTO, ON / ACCESSWIRE / March 1, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE Americ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Drills 6.04 Metres of 11.56 g/t Gold Outside of the Defined Resource at Eau ClaireTORONTO, ON / ACCESSWIRE / March 1, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce the first set of results from its 25,000-metre (m) resource expansion and infill drill program at the Eau Claire deposit located in the Eeyou Istchee Territory in the James Bay region of Quebec. The drill program was designed to expand the resource by testing between defined resource blocks as well as confirm the quality and continuity of mineralization within the inferred resource category in the lower eastern region of the deposit. Highlights from drill holes outside of the defined resource include 6.04m of 11.56 g/t gold and 2.51m of 8.87 g/t gold and demonstrate the potential to expand the deposit.\"Our first set of drill results confirm the potential of this under explored area of the deposit and supports our overall goal of increasing scale and defining more gold at Eau Claire,\" commented Mike Timmins, President and CEO, Fury. \"We are very pleased with the productivity and pace of the program and are excited to continue drilling out the lower areas of the deposit, as well as the down-plunge extension. Assays are pending on several holes and we look forward to delivering consistent drill results over the coming months.\"This program is specifically focused on expanding and upgrading the highest grade portion of the resource at the lower eastern margin of the deposit, which contains an inferred resource of 204,000 ounces grading 11.81 g/t gold at a 2.5 g/t cut-off grade1 (Figure 1). The results of the first five holes are presented below (Table 1).Table 1: Resource Expansion and Infill Drill Program ResultsHole ID FromToLength (m)True Thickness (m)Au (g/t)20EC-001 No significant intercepts20EC-002 399.9403.73.82.944.89Incl.399.9403.13.22.475.4020EC-003 148.6149.30.70.5117.05 377.5384.06.55.434.45Incl.381.0384.03.02.518.87 391.0392.01.00.847.6720EC-004 240.8241.30.50.388.55 275.0276.01.00.774.24 441.0443.02.01.693.39 451.0457.06.05.103.06Incl.451.0455.04.03.403.5120EC-005 312.0319.07.06.0411.56Incl.313.0317.04.03.4518.49Main intervals - Au grade*thickness no less than 2g/t*m with grade is no less than 1g/t, maximum consecutive dilution 2m; Sub-intervals - Au grade*thickness no less than 7g/...