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Fury Provides Regional Update at Eau Claire and Targets High-Grade Plunge at Percival
TORONTO, ON / ACCESSWIRE / June 2, 2021 / Fury Gold Mines Limited (TSX:FURY) and (NYSE Amer...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Provides Regional Update at Eau Claire and Targets High-Grade Plunge at PercivalTORONTO, ON / ACCESSWIRE / June 2, 2021 / Fury Gold Mines Limited (TSX:FURY) and (NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to announce an updated geological framework that has enhanced the regional targeting at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. Targets have been refined through the re-interpretation of airborne magnetic and electro-magnetic surveys and associated 3D inversions (Figure 1). Target areas are defined by complex structural zones and associated favourable lithologies that highlight two distinct styles of mineralization: quartz-tourmaline vein systems, as observed at the Eau Claire deposit, and sedimentary hosted breccias that characterize the Percival prospect, located approximately 14 kilometres east of Eau Claire along the Cannard Deformation Zone (Figure 2).Figure 1: Updated Geologic Framework compared with the historical interpretation at Eau Claire.\"We are identifying numerous high quality exploration targets within our large land position including the highly underexplored Percival discovery. Our technical team has recalibrated a significant amount of data and is identifying gold on all project scales and in different geological settings across the land position. We are eagerly waiting for additional assays at Eau Claire and we look forward to a very busy year of exploration ahead,\" commented Mike Timmins, President and CEO of Fury.Figure 2: Comparison of the two principal styles of mineralization present at Eau Claire.During the summer, Fury plans to advance the newly identified targets through multi-element geochemical surveys, geological mapping, and potentially ground based induced polarization geophysical surveys with the aim of drilling the most robust targets during Q4 2021. More importantly, the Company will conduct new geochemistry surveys over each of the target areas as the historical geochemistry data set had inconsistencies in sample collection procedures, material sampled and analytical techniques. These inconsistencies resulted in gold bearing prospects not being imaged in the historical dataset and an inability to interpret the geochemical values and their significance. Additionally, approximately 75% of the historical surface ge...