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Fury Intercepts 12.16 g/t Gold Over 3 Metres at Serendipity
TORONTO, ON / ACCESSWIRE / September 9, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:F...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Intercepts 12.16 g/t Gold Over 3 Metres at SerendipityTORONTO, ON / ACCESSWIRE / September 9, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce results from the 2024 core drilling program at the greenfield Serendipity Prospect on its wholly owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The Serendipity Prospect lies within the same prospective geological setting as the Company's Percival Deposit. In total 3,871 metres (m) were drilled in 10 holes across five distinct targets at Serendipity. Drill hole 24SD-009 targeted a biogeochemical anomaly overlying the easterly extension of the structure controlling the mineralization at Serendipity and intercepted 12.16 g/t gold over 3.0 m (Figures 1 and 2, Table 1). Drill hole 24SD-002 targeted a biogeochemical anomaly at the hinge of an interpreted fold within volcanic stratigraphy and intercepted 5.27 g/t gold over 1.0 m. The two noted intercepts above are separated by over 2 kilometres (km) indicating the potential for a large mineralizing system at Serendipity. The Company is in the process of planning follow-up drilling at Serendipity for 2025.\"Serendipity is the first anomaly of more than a dozen new targets that we developed in the last few years, to be tested on the broader Eau Claire property package,\" commented Tim Clark, CEO of Fury. \"We believe that today's results continue to demonstrate that our targeting techniques work, and that we are showing a pathway to new discoveries. Near term, we look forward to more news coming from results on our biogeochemical survey at Éléonore South and the surficial mapping and sampling program at Committee Bay.\"Table 1: Serendipity Summer 2024 Drilling Intercept Highlights Figure 1: Three-dimensional view of the Serendipity Prospect showing historical versus planned diamond drilling relative to geochemical anomalies and geology. Figure 2: Cross Section of Drill Hole 24SD-009 Looking West, showing broad zones of alteration and mineralization. Serendipity ProspectThe Serendipity Prospect is situated 16 km northeast of the Eau Claire Deposit and 6.5 km north northeast of the Percival Deposit along the Hashimoto Deformation Zone, which is related to the Cannard Deformation Zone, one of the primary controls on gold minera...