Fury Gold Mines drills 11.74 g/t gold over 6.63 metres from infill drilling at Eau Claire Project, Quebec
Fury Gold Mines Limited [TSX, NYSE American: FURY] reported initial results from the Phase 1, 13,000-metre exploration drill program at the Eau Claire Gold Project in the Eeyou Istchee Territory in the James Bay Region of Northern Quebec.
Phase 1 drilling was focused on expanding resources along high-grade shoots and adding continuity to the existing resource outside of the preliminary economic assessment identified stopes. A total of 21 holes (approximately 12,700m) has been completed, with results received for only 5,550 metres. Complete assay results have been received from 11 holes as well as partial results from a 12th hole. Seven holes returned significant results.
The key highlight was infill drill hole 26EC-099, which targeted an inferred portion of the Eau Claire resource and intercepted 11.74 g/t gold over 6.63 metres approximately 40 metres down plunge from previous drilling. A second hole, 26EC-101, which is a further 40-metre step down plunge outside of the existing resource envelope has just been completed and results are pending.
“Drilling at Eau Claire continues to reinforce resource continuity, confirming mineralization remains well-developed and predictable within the deposit,” stated Tim Clark, CEO of Fury Gold Mines. “Importantly, the program shows the potential to grow the deposit between resource blocks (the Gap Zone) in shallow previously untested areas, and we look forward to continued drilling to further de-risk and expand Eau Claire as we unlock additional value for shareholders.”
A Phase 2 Eau Claire drill campaign, focused on converting inferred portions of the resource and extensions to the indicated resource category, is now underway. The fully financed Phase 2 program is anticipated to comprise of an additional 15,000–25,000 metres of drilling and is expected to continue through the spring and summer of 2026.
Fury Gold Mines is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 11.3 million common share position in Dolly Varden Silver Corp. (approximately 12.3% of issued shares).