Fury Discovers 59 Meters of 1.59 g/t Gold and 1.5 Meters of 546 g/t Silver at Quebec's Sakami Gold Project
Drill Campaign Results: Fury Gold Mines Limited announced positive results from its inaugural drill campaign at the Sakami gold project in Quebec, completing 3,685 meters across seven holes, with significant gold intercepts including 59 meters of 1.59 g/t gold from drill hole 25SK-003.
Mineralization Insights: The drilling revealed that gold mineralization remains open to the west, with a structurally controlled and consistent mineralization pattern, including high-grade silver zones, indicating a robust mineralized system with potential for further discovery.
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HC Wainwright & Co. Affirms Buy Rating for Fury Gold Mines, Keeps $1.4 Price Target Intact
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Fury Launches 10,000-Metre Drilling Initiative at Eau Claire and Updates on Kipawa Rare Earths Project
Drilling Program Announcement: Fury Gold Mines has initiated a 10,000-metre fall/winter drilling program at its Eau Claire Gold Project in Quebec, focusing on resource growth and enhancing the mine plan, with two drill rigs currently active on site.
Kipawa Rare Earths Project Update: The company is also engaging with local communities regarding the Kipawa rare earths project, which has historical reserves of 19.8 million tonnes of rare earth oxides, aiming to establish a community council for collaborative development.
Management's Commitment: CEO Tim Clark expressed excitement about advancing the Eau Claire project towards development and emphasized the importance of working with First Nations and local communities for the Kipawa project.
Forward-Looking Statements: The release includes forward-looking statements regarding future exploration operations, highlighting the inherent risks associated with mineral exploration and the need for caution in relying on such projections.
