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Fury Intercepts 5.73 g/t gold and 11.27g/t Tellurium over 3.5 Metres at the Hinge Target
VANCOUVER, BC / ACCESSWIRE / October 3, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Intercepts 5.73 g/t gold and 11.27g/t Tellurium over 3.5 Metres at the Hinge TargetVANCOUVER, BC / ACCESSWIRE / October 3, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to provide results for an additional two infill core drill holes from the Hinge Target at the high-grade Eau Claire gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The 2023 drill program continues to focus on infill drilling at the Hinge Target located immediately west of the Eau Claire Deposit. Every hole completed at the Hinge Target to date has intercepted two corridors of stacked gold-bearing quartz tourmaline veins and alteration including 3.5 metres (m) of 5.73 g/t gold and 11.27 g/t Tellurium and 7.43g/t gold over 2.5m within a broader interval of 4.65g/t gold and 8.72 g/t Tellurium over 4.5m (Table 1; Figure 1). These results continue to highlight the importance of the Hinge Target to the overall expansion of the Eau Claire Deposit to the west.Drill holes 23EC-065 and 23EC-068 represent the continuation of a series of infill drill holes designed to tighten up the spacing of the 2022 Hinge Target drilling to a nominal spacing of 60-80m. The stacked intercepts through these new holes continue to exhibit the overall strength of the mineralized system within the Hinge Target. These results provide confidence in the continuity of the modeled sub-vertical veining at the Hinge Target. In addition to gold, the Eau Claire Deposit is rich in Tellurium, a mineral present on the list of critical and strategic elements. Tellurium can be used in the manufacturing of stainless steel, batteries and solar panels.\"We are pleased to be back reporting results after experiencing longer than usual wait times with the assay labs. These assays come on the back of what we believe were two strong conferences for Fury at Precious Metals Beaver Creek and Gold Forum Americas,\" commented Tim Clark, CEO of Fury. \"As a result, we remain confident that Fury is one of the best-positioned companies in the junior exploration sector with our significant cash, Dolly Varden Silver equity stake, and optionality for upside both at the discovery level and resource development.\"Table 1: Eau Claire Drill ResultsHole ID FromToLength (m)Au (g/t)Te (g/t)23EC-065 398.5399.51.003.003.57 4524542.001.4...