Fury's 2022 Achievements and New Board Chair

About this update from Fury Gold Mines Limited

[{"type":"text","content":"Fury's 2022 Achievements and New Board ChairVANCOUVER, BC / ACCESSWIRE / January 11, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (\"Fury\" or the \"Company\") is pleased to recap the Company's corporate and exploration achievements from the last 12 months. Fury had a transformative 2022 with substantial drill results from the Hinge Target and the Gap Zone, expanding the mineralized footprint of the Eau Claire deposit by over 25%, and intercepting 8.05 g/t gold over 13.50 metres (m) at the Percival Prospect; the consolidation of the Éléonore South Joint Venture (\"ESJV\") with Newmont Corporation (\"Newmont\"); and a total of C$22.8 million raised through an asset sale, private placement, and common share investment sale transaction.\"We are extremely pleased with the success we had this past year. Despite difficult market conditions, we were able to simplify and focus our story, strengthen our treasury, and complete a successful drill program at Eau Claire further proving that the deposit is open for significant expansion,\" commented Tim Clark, CEO of Fury. \"We ended the year with our best drill results to date at Eau Claire out of the Percival Main target and have results still pending from the Hinge Target and eastern extension along with the results of the extensive geochem work conducted at our Lac Clarkie property. We look forward to the coming months as we prepare for 2023 and are excited to expand on our recent successes and test new discoveries at our premier exploration projects.\"HighlightsFury's top milestones and achievements of 2022 include:Completing the asset sale of the Homestake Ridge gold-silver project to Dolly Varden Silver Corp. (\"Dolly Varden\"), a transformational transaction that yielded Fury C$5 million in cash and 76,504,590 common shares of Dolly Varden.Gaining Digbee ESG Certification, an independent ESG evaluation validating the Company's existing ESG engagement and strategy.Closing a C$11.0 million private equity share placement, bringing a Canadian corporate investor and a well-known US institutional investor into the Company's share ownership.Consolidating the Éléonore South Joint Venture with Newmont, resulting in the updated participating interests of Fury at 50.022% and Newmont at 49.978% with Fury remaining the operator. The restated agreement empowers ...

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