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Fury Drills Top Five Intercept To Date - 23.27 g/t Gold Over 7.09 Metres - Outside of the Defined Resource at Eau Claire
TORONTO, ON / ACCESSWIRE / May 25, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Drills Top Five Intercept To Date - 23.27 g/t Gold Over 7.09 Metres - Outside of the Defined Resource at Eau ClaireTORONTO, ON / ACCESSWIRE / May 25, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce results from its ongoing resource expansion and exploration drill program at the Eau Claire deposit located in the Eeyou Istchee Territory of the James Bay region, Quebec. Drill hole 21EC-022 intersected 23.27 g/t gold (Au) over 7.09 metres (m) in the southeast margin of the defined resource further demonstrating the potential to significantly expand the resource down plunge to the east (Figures 1 and 2). This intersection represents the fifth best result drilled, in terms of grade and width, from over 900 holes drilled at Eau Claire to date. Given this result, Fury's technical team plans to continue drilling east of the deposit focusing on the 220-metre gap between the known resource and the Target A panel (Figure 1).Preliminary results returned from Target A, located 200- to 350-metre down plunge east of the deposit, highlighted high-grade gold intervals of 7.1 g/t gold over 0.5m and 4.05 g/t gold over 0.5m that intersected a 5- to 20-metre wide zone of alteration with stacked quartz-tourmaline veins and associated quartz feldspar porphyry dykes along the Eau Claire deposit structure (Figure 2). With only three drill holes drilled into a 200-metre by 250-metre area, the Company believes additional drilling is required to obtain a representative view of grade distribution within this area of highly prospective geology. Drill results for the resource expansion holes and the Target A panel are presented below (Table 1).\"It's exciting to drill an all-time top five drill hole at Eau Claire, a high-quality project that has steadily improved since we started drilling in late 2020,\" commented Mike Timmins, President and CEO of Fury. \"We are eagerly awaiting several pending holes, many of which contain coarse visible gold and we are looking forward to starting our regional program, the planning of which is near complete. Quebec is arguably one of the best mining jurisdictions in the world and we are fortunate to be developing this high-grade district opportunity.\"Table 1: Resource Expansion and Exploration Drill ResultsHole ID FromToLength (m)True Thickness (m)Au (g/...