VANCOUVER - Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ('Fury' or the 'Company') is pleased to provide an updated Mineral Resource Estimate for the high-grade Eau Claire deposit as well as a Maiden Mineral Resource Estimate for the Percival deposit located in the Eeyou Istchee Territory of the James Bay region of Quebec.
The Eau Claire project now contains a combined mineral resource of 1.16Moz gold (Au) at a grade of 5.64 g/t Au in the Measured and Indicated category as well as an additional 723koz gold at a grade of 4.13 g/t Au in the Inferred Category. Gold mineralization remains open for expansion in all directions at both the Eau Claire and Percival deposits through additional drilling.
Highlights: 2024 Updated Mineral Resource Estimate
Addition of 307koz Au in the Measured and Indicated category (a 36.0% increase) and 223koz Au in the Inferred category (a 44.6% increase).
Eau Claire Resource remains open for further expansion through additional drilling.
Eau Claire vein geometry steepened in areas with new data and interpretation.
Percival is one of 15+ anomalies along the Percival - Serendipity trend.
'Today, we are excited to announce our updated Eau Claire Mineral Resource Estimate. These results are the culmination of three years of work that was focused on adding gold ounces and proving out a substantial high-grade gold resource with excellent infrastructure (including hydropower and roads) in the James Bay region of Quebec,' commented Tim Clark, CEO of Fury. 'As a recap, we have continued to identify significant potential for new discovery across our broader property, which includes a thirty-kilometer section of the Cannard Deformation Zone. Fifty kilometers to the north, we have also acquired 100% of the Eleonore South property, which is strategically positioned adjacent to Newmont's operating Eleonore Mine, one of the top-producing gold mines in Canada. In the coming weeks, we will be reporting results from our early 2024 spring program on our Eleonore South property, as well as an additional planned exploration program for 2024.'
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 54 million common share position in Dolly Varden Silver Corp (approximately 19% of issued shares). Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining.
Contact:
Margaux Villalpando
Manager Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Web: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
This release includes certain statements that may be deemed to be 'forward-looking statements' within the meaning of applicable securities laws, which statements relate to the future exploration operations of the Company and may include other statements that are not historical facts. Forward-looking statements contained in this release primarily relate to statements that suggest that future work at the Hinge Target or Eau Claire areas will increase or upgrade the estimated gold resources.
Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were reasonable at the time such statements were made, there can be no certainty that such assumptions and expectations will prove to be materially correct. Mineral exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company's Annual Information Form and MD&A for the year ended December 31, 2023 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca and the Company's Annual Report available at www.sec.gov. Readers should not place heavy reliance on forward-looking information, which is inherently uncertain.
FURY GOLD MINES LIMITED 
