Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (March 2021)
29 slides from Fury Gold Mines's investor presentation, March 2021
Slide 1: Building a Canadian Mining Company
Building a Canadian Mining Company March 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: Building a Canadian Mining Company
Building a Canadian Mining Company Preparing to Grow the Current Asset Base Well positioned with a three-asset high- grade gold platform of low-risk assets, offering significant growth potential >80,000 metres (m) of drilling over next 18 months Eau Claire: deposit expansion and extension drilling –
Slide 5: Corporate Structure
Corporate Structure Well-Capitalized for Growth Current treasury funds >50,000+ metres (m) of drilling at Eau Claire and 12 months of working capital Share Structure as of Mar. 30, 2021 Fury trades on the TSX and NYSE American under the ticker FURY 117.8M Six brokers resumed coverage and issued BUY
Slide 6: Management Team and Board of Directors
Management Team and Board of Directors Track Record of Exploration Growth and Mine Development Management Mike Timmins Lynsey Sherry President, CEO & Director CFO Michael Henrichsen Bryan Atkinson SVP, Exploration VP, Project Development Salisha Ilyas VP, Investor Relations Directors Ivan Bebek Jeff
Slide 7: Project Locations – A Well-Serviced Asset Platform
Project Locations – A Well-Serviced Asset Platform Aggressive Growth Strategy Providing Year-Round Catalysts Growth over the next 18 months: Eau Claire to expand deposit beyond limits of PEA – commenced November 2020 Homestake resource expansion drilling – to begin July 2021 Committee Bay deposit ex
Slide 8: Eau Claire – James Bay Region of Quebec
Eau Claire – James Bay Region of Quebec Exploration Focused on Deposit Expansion and Brownfield Targeting 2018 PEA High quality resource M&I1: 808k oz @ 6.65 g/t Au Inf1: 458k oz @ 7.48 g/t Au NPV5% (US$1,500 oz/Au): C$397M Operation flexibility to start production with high-grade open pit Objective
Slide 9: Eau Claire – Deposit Expansion Exploration Drill Program
Eau Claire – Deposit Expansion Exploration Drill Program Deposit Drilling Intersects Gold Outside of Defined Resource Current resource defined by the limit of drilling Robust ounce per vertical metre characteristic B panel results confirm Eau Claire structure and high-grade > 600 metres away from th
Slide 10: Eau Claire – Resource Expansion and Infill Drilling
Eau Claire – Resource Expansion and Infill Drilling Drilling Between Defined Resource Blocks to Expand the Deposit Current infill resource area is averaging > 12 g/t Deposit drilling intersects 6.04m of 11.56 g/t gold outside of the defined resource 1. Main intervals - Au grade*thickness no less tha
Slide 11: Eau Claire – Cross Section
Eau Claire – Cross Section 1 Drill Holes 20EC-004 and 20EC-005 Pre-2020 2020-2021 Deposit Area Holes Holes Drill No. Intersections No. of % of % of of Holes Total Total Holes Total Holes 900 100% 5 100% Au >= 2.5 g/t over greater 553 61% 4 80% than 2 metres Au >= 6.5 g/t over greater 318 35% 2 40% t
Slide 12: Eau Claire – Target B Deposit Extension 600m
Eau Claire – Target B Deposit Extension 600m Cross Section - Looking West 12
Slide 13: Snake Lake – Planned Drill Holes 150-300m Step Outs
Snake Lake – Planned Drill Holes 150-300m Step Outs Long Section - Looking North 13
Slide 14: Eau Claire – Deposit Trend Structural Intersections
Eau Claire – Deposit Trend Structural Intersections Repeating Structural Intersection East of Eau Claire Deposit 14
Slide 15: Eau Claire – Regional Geology
Eau Claire – Regional Geology Highly Prospective Regional Land Package – 54,700 Hectares 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 multip
Slide 16: 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 Resource: Ind1: 155k oz @ 8.18 g/t Au & 1.7M oz @ 90.5 g/t Ag Inf1: 734k oz @ 5.52 g/t Au & 15.8M oz @ 118.6 g/t Ag NPV5% (US$1,620 oz/Au, US$14.4 oz/Ag): C$247M Objective is to develop Home
Slide 17: Homestake Ridge – Development Plan for 2020/21
Homestake Ridge – Development Plan for 2020/21 Key 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 17
Slide 18: Homestake Silver and Homestake Main Cross Section
Homestake Silver and Homestake Main Cross Section Deposit Expansion Offset 18
Slide 19: Committee Bay – Large-Scale Exploration in Nunavut
Committee Bay – Large-Scale Exploration in Nunavut A Unique Opportunity for Shareholders Well-Positioned Strategic land holdings $60M invested to-date Arctic skill sets Belt-wide geochem and geophysics complete Logistics: rigs, fuel Three Bluffs Gold Deposit Ind1: 524k oz at 7.85 g/t Inf1: 720k oz a
Slide 20: 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 20
Slide 21: Committee Bay - Three Bluffs Extension
Committee Bay - Three Bluffs Extension Summer 2021 Drilling to Test “Target 1” Area 21
Slide 22: Building a Canadian-Focused Company
Building a Canadian-Focused Company Driving Value Through Drilling and Discovery Company Well-Positioned for Growth Experienced team of gold developers with access to capital markets Increasing scale and finding more gold are key drivers of value Drilling at Eau Claire continues to demonstrate growt
Slide 23: Appendix
FU rY Appendix
Slide 24: Technical Program and Timeline
Technical Program and Timeline Approach is to Sequence Exploration Activity >80,000m of drilling high-grade gold deposits over the next 18 months Project development ongoing at each project; ENV, MIN and MET 24
Slide 25: Analyst Coverage
Analyst Coverage Firm Analyst Target Price Michael Curran CAD$5.00 Matthew O’Keefe CAD$3.50 / US$2.60 Heiko Ilhe US$2.40 Barry Allan CAD$3.35 Philip Ker CAD$2.75 Joe Reagor US$2.70 25
Slide 26: Éléonore South JV – Project Location and Targeting
Éléonore South JV – Project Location and Targeting 2021 Work Plan to include Geochemistry and Q4 Drilling 26
Slide 27: Committee Bay – Three Bluffs and AK Corridor
Committee Bay – Three Bluffs and AK Corridor 2021 Drill Program Targets Resource Expansion and Discovery Three Bluffs Deposit Area: Expansion of current resource with extensions and near-mine zones AK Corridor: Productive 20km shear zone; 2020 targeting work reveals new areas to drill 1. See Committ
Slide 28: Committee Bay – Raven 8km Shear Zone
Committee Bay – Raven 8km Shear Zone Surface Geochemistry and Previous Drilling Highlights Selective drilling to target structure and high-grade veins Historical intercepts of 2.8m of 31.1 g/t Au and 7.6m of 9.49 g/t Au 28
Slide 29: Contact
Contact: 778-729-0600 info@furygoldmines.com www.furygoldmines.com