Fury Drills 137.5 Metres of 0.44 g/t Gold at Éléonore South and Announces Summer 2024 Exploration Plans at the Project
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Drills 137.5 Metres of 0.44 g/t Gold at Éléonore South and
Announces Summer 2024 Exploration Plans at the Project
VANCOUVER, Canada – June 4, 2024 – Fury Gold Mines Limited (TSX and NYSE American: FURY)
(“Fury” or the “Company”) is pleased to announce the results from its Spring 2024 diamond core
drilling program at its 100% owned Éléonore South gold project located in the Eeyou Istchee Territory
in the James Bay region of Quebec . The Spring 2024 diamond drilling program comprised 2,331.4
metres (m) completed in seven diamond drill holes testing 2.3 kilometres (km) of strike along the JT –
Moni Trend. The drilling targeted 100 to 125 m downdip extensions from historical drilling. All seven
drill holes intercepted anomalous gold mineralization including 137.5 m of 0.44 g/t gold and 18.7 m
of 0.97 g/t from drill hole 24ES-161, 115.5 m of 0.50 g/t gold from drill hole 24ES -162 and, 28.0 m
of 0.47 g/t gold from drill hole 24ES -160 (Figure 1 and Table 1). The limited drilling completed
confirms that the gold mineralization hosted within the Cheechoo tonalite remains open.
During the summer of 2024, Fury plans to complete the biogeochemical sampling grid where a robust
geochemical gold anomaly within the same sedimentary rock package that hosts Newmont’s Éléonore
Mine has been identified ( see news release dated March 5, 2024 ). The completion of the
biogeochemical grid will allow Fury to finalize drill targeting.
"We were eager to commence drilling early on the Éléonore South property this spring to expand on
previous drilling near the Cheechoo deposit as well as take big step outs to the West. As expected,
we continued to find more Cheechoo style gold mineralization and, through our drilling, gained more
insight on the Cheechoo Tonalite," commented Tim Clark, CEO of Fury. "In the coming weeks, we will
begin our summer program starting with follow -up targeting on the Éléonore style anomaly near
Newmont’s mine, as well as announcing our additional exploration plans on the Eau Claire property."
Éléonore South Project
The Éléonore South project is strategically located in an area of prolific gold mineralization with
Newmont’s Éléonore Mine to the north and Sirios’ Cheechoo deposit to the east (Figure 1 inset). Two
distinct styles of mineralization have been identified to date; structurally controlled quartz veins
hosted within sedimentary rocks , similar to the high -grade mineralization observed at the Éléonore
Mine; and intrusion-related disseminated gold mineralization, similar to that seen at the lower-grade
bulk tonnage Cheechoo deposit with potential for higher grades hosted in stockwork quartz veining
as observed at the JT and Moni showings.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Previous drilling at Éléonore South, 38,037 m in 164 drill holes, was largely focussed in the Moni area
and successfully defined a 2,000 m x 750 m zone of lower-grade intrusion related gold mineralization
similar to that of the Cheechoo gold deposit. Within the low er-grade gold halo, there are a series of
structurally controlled quartz vein stockworks which host significantly higher grades of gold where
previous drilling intercepted 53.25 m of 4.22 g/t Au; 6.0 m of 49.50 g/t Au and 23.8 m of 3.08 g/t Au.
Table 1: Éléonore South Spring 2024 Drilling Intercept Highlights
Hole ID From To Length (m) Au (g/t)
24ES-160
113.5 120.75 7.25 0.38
Including 119.25 120.75 1.5 1.45
219.5 247.5 28 0.47
289 299 10 0.66
Including 289 290 1 3.70
324 338.5 14.5 0.33
353 357 4 0.31
363 367.8 4.8 0.60
379.4 382.8 3.4 0.61
24ES-161
181.25 187.5 6.25 0.47
214 227.7 13.7 0.49
Including 220 221 1 2.75
238 375.5 137.5 0.44
Including 274 275.5 1.5 9.70
and 291 292.5 1.5 1.99
and 314 315.5 1.5 1.48
and 364.2 367.5 3.3 1.05
384 400 16 0.46
Including 389.5 391 1.5 1.72
425 440 15 0.32
447.5 466.2 18.7 0.97
Including 459 461 2 4.71
24ES-162
207.5 323 115.5 0.50
Including 212.2 218 5.8 1.08
and 237.8 240.8 3 1.37
and 245 247 2 1.47
and 252 253.5 1.5 1.96
and 288.5 290 1.5 2.67
330.5 336.5 6 0.48
24ES-163 233.5 244.5 11 0.30
250.3 258.3 8 0.26
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
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269 276.5 7.5 0.67
285.5 290 4.5 0.90
Including 285.5 287 1.5 2.04
300.7 314 13.3 0.34
24ES-165 130.4 132.8 2.4 1.59
Including 130.4 131.6 1.2 2.77
Main intervals - Au grade*thickness no less than 0.25g/t*m with grade is no less than 0.25g/t, maximum consecutive dilution 6m
Sub-intervals - Au grade*thickness no less than 2g/t*m with grade is no less than 1g/t, maximum consecutive dilution 2m
Figure 1: Plan View Map of the Spring 2024 Drilling around the Cheechoo Tonalite.
“The overall strength of the gold mineralized system within the Cheechoo Tonalite is remarkable. We
were able to intercept gold mineralization in all seven drill holes across a strike length of 2.3 km. The
mineralization observed confirms the exploration model of a reduced intrusion related gold system
with an orogenic quartz veining overprint. Gold mineralization occurs within an array of structural
corridors with the orientations of individual gold bearing quartz veins being highly variable within
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
these corridors. As we move into the summer months our focus shift s to completing the
biogeochemical grid and finalizing drill targets where we see the same geological and structural
setting which hosts Newmont’s Éléonore gold mine 10 km to the north ,” stated Bryan Atkinson,
P.Geol., SVP Exploration of Fury.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Spring 2024 Fury Drilling
Analytical samples for the Drill Program were taken by sawing NQ diameter core into equal halves on
site with one half sent to ALS Chemex in Val D’or, Quebec, Canada for preparation and analysis. All
samples were assayed using a 50 g nominal weight fire assay with inductively coupled plasma – atomic
emission spectrometry finish (Au-ICP22) and multi-element four acid digest ICP-AES/ICP-MS method
(ME-MS61). Where Au-ICP22 results were greater than 0.5 ppm Au the assay was repeated with a 50
g nominal weight fire assay with atomic absorption finish (Au -AA24). Samples containing more than
10 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-
GRA22). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate
good overall accuracy and precision.
Historical JT and Moni Drilling
Analytical samples were taken by sawing BTW diameter core into equal halves on site and sent one
of the halves to ALS Lab in Rouyn -Noranda, Val d’Or, QC, and Sudbury, ON for preparation and
analysis. All samples are assayed using 50 g nominal weight fire assay with atomic absorption finish
(Au-AA24) and multi -element four acid digest ICP -AES/ICP-MS method (ME -MS61). Where Au -
AA24 results were greater than 3 ppm Au the assay were repeated with 50 g nominal weight fire
assay with gravimetric finish (Au -GRA22). QA/QC programs using internal standard samples, field
and lab duplicates and blanks indicate good accuracy and precision in a large majority of standards
assayed. True widths of mineralization are unknown based on current geometric understanding of the
mineralized intervals.
David Rivard, P.Geo, Exploration Manager at Fury, is a "qualified person" within the meaning of
Canadian mineral projects disclosure standards instrument 43 -101 and has reviewed and approved
the technical disclosures in this press release.
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 5 4 million common share position in Dolly Varden
Silver Corp (18.99% 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 committ ed to
upholding the highest industry standards for corporate governance, environmental stewardship,
community engagement and sustainable mining. For more information on Fury Gold Mines, visit
www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando, Manager Investor Relations
Tel: (844) 601-0841
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
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 th at are not historical facts. Forward -
looking statements contained in this release primarily relate to statements that suggest that the future
work at Éléonore South will potentially increase or upgrade the 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 mater ially 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, 202 3 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.