Business
Fury Drills High-Grade Mineralization from Step-Out Exploration at Eau Claire; Deposit Footprint Extended 600 Metres East
TORONTO, ON / ACCESSWIRE / March 30, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE America...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Drills High-Grade Mineralization from Step-Out Exploration at Eau Claire; Deposit Footprint Extended 600 Metres EastTORONTO, ON / ACCESSWIRE / March 30, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce results from three additional exploration drill holes targeting a 550 to 660-metre (m) extension from the known resource at the Eau Claire deposit located in the Eeyou Istchee Territory in the James Bay region of Quebec (Figure 1). Drill hole 21EC-007 intercepted 1.0m of 15.3 g/t gold (Au) and drill hole 21EC-010 intercepted 1.5m of 8.8 g/t gold. This mineralization is situated within the same structure that intercepted 3.0m of 2.59 g/t gold from 21EC-006 (refer to news release dated January 25th, 2021) and collectively these holes have significantly expanded the deposit footprint at Eau Claire.\"Our initial drill program at Eau Claire was designed to survey and test areas of potential expansion at the deposit and on the immediate deposit trend,\" commented Mike Timmins, President and CEO of Fury. \"We are only a quarter of the way through the program and we have already determined that Eau Claire extends at least 600 metres down plunge. In addition, we intersected a second gold-bearing structure at depth, which we believe to be associated with the Snake Lake surface target. We expect to release more infill drill results in the coming weeks, as well as introduce our drill plan for the West Gap area, to potentially extend Eau Claire to the west.\"Table 1: Target B Panel Drill ResultsHole IDFromToLength (m)Au (g/t)20EC-006*643.0651.08.01.21 648.0651.03.02.5921EC-007858.0859.01.015.3021EC-010589.0590.51.51.41 781.0782.51.51.03 821.5823.01.58.83 1069.51071.01.56.4321EC-014No Significant IntersectionsLengths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time. Main intervals - no less than 2.0m of >= 1.0 g/t Au, maximum consecutive dilution 2.0m; Sub-intervals - no less than 1.0m of >= 1.0 g/t Au, maximum consecutive dilution 2.0m*Previously Release - Refer to news release dated January 25, 2021Down Plunge Deposit Expansion Exploration DrillingThis portion of the drill program is specifically focused on testing a 1 kilometre (km) down-plunge extension to the Eau Claire deposit. The results from th...