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Fury Finalizes Six Éléonore Style Drill Targets at the Éléonore South Gold Project
TORONTO, ON / ACCESSWIRE / November 12, 2024 / Fury Gold Mines Limited (TSX:FURY) and (NYSE Ameri...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Finalizes Six Éléonore Style Drill Targets at the Éléonore South Gold ProjectTORONTO, ON / ACCESSWIRE / November 12, 2024 / Fury Gold Mines Limited (TSX:FURY) and (NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce that it has finalized drill targeting after completing a surficial geochemical survey at the Éléonore South gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. Drilling will target robust geochemical gold anomalies within the same sedimentary rock package that hosts Newmont's Éléonore Mine. The completed biogeochemical sampling survey covered an interpreted fold nose within the Low Formation sediments where an orientation level study identified a large-scale gold anomaly in a similar geological, geophysical, and structural setting to that of the nearby Éléonore Mine (see news release dated March 5, 2024). Six priority drill targets across over 3 kilometres (km) of prospective folded sedimentary stratigraphy have been identified (Figure 1). These six targets encompass multi point gold anomalies above the 90th percentile of the data and correlate with moderate pathfinder elemental anomalies, most notably arsenic which is associated with gold mineralization at the Éléonore Mine. The Company intends to mobilize crews in Q1 2025 for an initial fully funded 3,000 - 5,000 metre (m) diamond drilling program.\"Since acquiring 100% ownership of the Éléonore South joint venture earlier this year from Newmont, the Éléonore style anomaly has been at the top of our prospective list,\" commented Tim Clark, CEO of Fury. \"Given the size, scale, and proximity to Newmont's Éléonore Mine, we believe any success could create potential upside for investors and thus we are excited to commence drilling in Q1 of 2025.\"Éléonore South ProjectThe Éléonore South project is strategically located in an area of prolific gold mineralization with Newmont's Éléonore Mine to the north and Sirios' Cheechoo Deposit to the east (Figure 1 inset). Two distinct styles of mineralization have been identified to date: structurally controlled quartz veins hosted within sedimentary rocks similar to the high-grade mineralization observed at the Éléonore Mine (Table 1); and i...