Fury Gold Mines Reveals Assay Results from Sakami Drilling Campaign
Drill Campaign Results: Fury Gold Mines announced assay results from its inaugural drill campaign at the Sakami gold project, completing 3,685 metres in seven holes, with significant gold intercepts including 26.0 m of 0.71 g/t gold in drill hole 25SK-005.
Increased Mineralization Footprint: The near-surface gold mineralization footprint has been significantly increased, demonstrating continuity and predictability, which is crucial for future mineral resource estimates.
Geological Insights: Mineralization is found along a major regional suture zone with numerous undrilled gold occurrences over 23.5 km of strike within the Sakami property, indicating potential for further discoveries.
Soil Anomalies Identified: Regional soil sampling has revealed six structurally controlled gold in soil anomalies along an east-west secondary fault splay, highlighting additional exploration targets.
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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.
