Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (June 2021)
29 slides from Fury Gold Mines's investor presentation, June 2021
Slide 1: Building a Canadian Gold Company
Building a Canadian Gold Company June 2021
Slide 2: Disclaimer
Disclaimer Terms of Use and Disclaimer This presentation is being provided for the sole purpose of providing the recipients with background information about Fury Gold Mines Limited. (the “Company”). The Company has made reasonable efforts to ensure that the information contained in this presentatio
Slide 3: Cautionary Note to United States Investors
Cautionary Note to United States Investors This presentation uses the terms “mineral reserve”, “proven mineral reserve”, “probable mineral reserve”,1 “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”, which are Canadian mining terms as defi
Slide 4: Investment Highlights
Investment Highlights Building a Canadian Gold Company Proven team with actionable knowledge and experience High-grade platform of gold projects in Canada Significant exploration upside at Eau Claire High degree of optionality within portfolio Attractive valuation given upside potential FURY is pois
Slide 5: Project Platform to Grow with Exploration
Project Platform to Grow with Exploration Advancing High-Grade, Low-Risk Gold Portfolio Committee Bay Eau Claire Nunavut, MRE ‘17 Quebec, PEA‘18 Ind 3: 524,000 oz at 7.85g/t Au Ind1: 808,000 oz at 6.65 g/t Au Inf 3: 720,000 oz at 7.64 g/t Au Inf 1: 458,000 oz at 7.48 g/t Au ▪ Large-scale exploration
Slide 6: Capital Structure and Share Price Performance
Capital Structure and Share Price Performance Long Term Retail Shareholder Base a Strength Newmont Share Structure (as of May 13, 2021) TSX & NYSE-A / FURY 6.5% Management & Directors Shares Outstanding 117.9M 4.5% Options Out. ($2.44 avg.) 8.1M Retail High Net 59% Worth Warrants Out. ($1.76 avg.) 1
Slide 7: Responsible Leadership
Responsible Leadership Environment, Social and Governance Management Board Mike Timmins Lynsey Sherry Ivan Bebek Jeffrey Mason CEO, Director CFO Chair Lead Director* Michael Henrichsen Bryan Atkinson Steve Cook Michael Hoffman SVP, Exploration VP, Projects Director* Director* Salisha Ilyas Saga Will
Slide 8: Eau Claire – James Bay Region of Quebec
Eau Claire – James Bay Region of Quebec Current Exploration Focused on Deposit Trend Discovery 2018 PEA NPV5% (US$1,500 oz/Au): C$397M High quality resource M&I1: 808k oz @ 6.65 g/t Au Inf1: 458k oz @ 7.48 g/t Au Intercepting high- grade gold outside of the known resource Drilling significant extens
Slide 9: Eau Claire – Deposit Trend Target Areas
Eau Claire – Deposit Trend Target Areas Exploration Survey Continues to Reveal Significant Potential 9
Slide 10: Eau Claire – Deposit Trend Long Section
Eau Claire – Deposit Trend Long Section Resource Remains Open for Expansion in All Directions Resource defined by the limit of drilling Currently targeting five areas of potential growth Snake Lake structure results extends high-grade mineralization 840 metres down dip and identifies new zone 10
Slide 11: Eau Claire – Deposit Drilling and Resource Expansion
Eau Claire – Deposit Drilling and Resource Expansion Drilling Between Resource Blocks to Expand the Deposit 11
Slide 12: Eau Claire – Target B Deposit Extension ~700m
Eau Claire – Target B Deposit Extension ~700m Exploration Drilling Intersects Snake Lake Horizon at Depth 850 Zone 450 Zone Eau Claire Deposit 12
Slide 13: Snake Lake – Second Structure Runs Parallel to Eau Claire
Snake Lake – Second Structure Runs Parallel to Eau Claire Preliminary Drilling Suggests Grade and Size Potential 13
Slide 14: Snake Lake: Two Mineralized Horizons Identified to Date
Snake Lake: Two Mineralized Horizons Identified to Date Near Surface High Grade Gold in Multiple Zones 14
Slide 15: Eau Claire – Structural View and Western Extension
Eau Claire – Structural View and Western Extension The Fold Hinge and Limb Targets Remain Untested Eau Claire Resource 15
Slide 16: Eau Claire – 850 Zone Fold Hinge
Eau Claire – 850 Zone Fold Hinge Drilling Focused on Testing Favourable Stratigraphy Eau Claire resides at the contact between two distinct basaltic units The Fold Hinge is located at a shallow depth of 200m to 400m and has never been drill tested 16
Slide 17: Eau Claire – Regional Geology and Targets
Eau Claire – Regional Geology and Targets Highly Prospective Land Package 30 kilometres of discovery potential along the Cannard deformation corridor “North Trend” underexplored regional fault zone with gold-bearing quartz-tourmaline veins Lac Clarkie: Till sampling has defined multiple targets. Com
Slide 18: New Geologic Framework
New Geologic Framework Historic Interpretation Compared with New Interpretation 18
Slide 19: Mineralization Styles at Eau Claire and Percival
Mineralization Styles at Eau Claire and Percival Category Eau Claire Style Percival Style Quartz tourmaline veining, Strong silicification, strong Mineralization amphibole alteration disseminated sulphides Geometry 0.5-2m veins, 1-5m alteration zones, 20 to 30m wide alteration zones Volcanic/sedimen
Slide 20: Percival Mineralization Style – Favourable Stratigraphy
Percival Mineralization Style – Favourable Stratigraphy 3D Magnetics Inversion Mineralization at margin of folded, steeply plunging magnetic stratigraphy Critical grades, critical widths for follow-up 20
Slide 21: Éléonore South JV – Project Location and Targeting
Éléonore South JV – Project Location and Targeting 2021 Work Plan Includes Geochemistry and Q4 Drilling 21
Slide 22: Catalysts in 2021
Catalysts in 2021 Drive Value Through Exploration Drilling Continue to make new discoveries on trend at Eau Claire Focus deposit drilling in high-grade eastern margin of Eau Claire Drill to expand and upgrade the Homestake Silver Zone Target world-class discovery at Committee Bay in Nunavut 22
Slide 23: Contact:
Contact: +1 437 500 2529 info@furygoldmines.com www.furygoldmines.com
Slide 24: Homestake Ridge – B.C.’s Golden Triangle
Homestake Ridge – B.C.’s Golden Triangle Return to Exploration to Upgrade and Increase Ounce Profile 2020 PEA NPV5% (US$1,620 oz/Au, US$14.4 oz/Ag): C$247M Resource: Indicated1: 155k oz @ 8.18 g/t Au & 1.7M oz @ 90.5 g/t Ag Inferred1: 734k oz @ 5.52 g/t Au & 15.8M oz @ 118.6 g/t Ag Excellent infrast
Slide 25: Homestake Ridge – Development Plan for 2020/21
Homestake Ridge – Development Plan for 2020/21 Focus on De-Risking the Resource and Expansion New geological framework based on complete deposit relog Resource expansion potential along strike and depth Targeting plunges of high-grade breccia and vein sets 25
Slide 26: Committee Bay – Large-Scale Exploration in Nunavut
Committee Bay – Large-Scale Exploration in Nunavut A Unique Opportunity with World Class Potential Advanced Exploration Strategic land holdings $160M invested to-date Belt-wide geochem and geophysics complete Logistics: full camp, rigs, and fuel at site Three Bluffs Deposit Agnico Eagle Indicated1:
Slide 27: Committee Bay – 300-Kilometre Gold Belt
Committee Bay – 300-Kilometre Gold Belt Multiple Target Centers Offer Significant Discovery Potential Three Bluffs deposit expansion and selective drilling at Raven → 5,000m 27
Slide 28: Committee Bay – Three Bluffs and AK Corridor
Committee Bay – Three Bluffs and AK Corridor Resource Expansion and Discovery 1. Refer to NI43- 101 report dated May 31, 2017 as amended October 23, 2017 filed under Auryn’s profile at www.sedar.com 28 2. Intercepts were calculated using a minimum of a 0.25 g/t Au cut off at beginning and end of the
Slide 29: Committee Bay – Raven 8km Shear Zone
Committee Bay – Raven 8km Shear Zone Surface Geochemistry and Previous Drilling Highlights Select drilling to target structure and high-grade veins Historical intercepts of 2.8m of 31.1 g/t gold and 7.6m of 9.49 g/t gold 29