Fury Extends Percival Mineralization 115 Metres to the West
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Extends Percival Mineralization 115 Metres to the West
VANCOUVER, Canada – March 13, 2024 - Fury Gold Mines Limited (TSX: FURY, NYSE American:
FURY) ("Fury" or the "Company") is pleased to announce results for the five remaining 2023 core drill
holes from the Percival Prospect, located 14 kilometers (km) east of the high -grade Eau Claire gold
deposit in the Eeyou Istchee Territory in the James Bay region of Quebec. Drill hole 23KP-016 targeted
a 115 metre (m) step out from drilling on the western flank of the known Percival Main mineralization
and intercepted 15.0 m of 0.88 g/t Au including 3.0 m of 2.81 g/t Au (Table 1 and Figure 1). A second
drill hole, 23KP-014, tested the westerly continuation of the Percival Main mineralization with a 75.0
m step out from previous drilling and intercepted 18.0 m of 0.50 g/t Au (Table 1 and Figure 1 ). Drill
hole 23KP-013 tested the steep easterly plunge of the high-grade intercept from 22KP-008 (13.5 m of
8.05 g/t Au – see news release dated December 21, 2022 ) and intercepted 14.50 m of 1.05 g/t Au
including 1.0 m of 10.70 g/t Au (Table 1 and Figure 1 ). Importantly , drill hole 23KP -016 is the
westernmost hole completed to date at Percival Main which remains open in all directions.
Two drill holes, 23KP-018 and 23KP-017, targeted geophysical and geochemical anomalies 250 m and
500 m respectively to the east of Percival Main. Though broad zones of sulphide rich silica breccias
were intercepted in both drill holes, only narrow low-grade results were returned (Table 1 and Figure
1). No further work is planned for these target areas.
In 2024 Fury plans to explore further to the east along the Percival Trend up to Serendipity where infill
biogeochemical sampling has refined 10 robust targets to drill ready stage. Individual anomalies are up
to 150x background values in gold and correlate well with known structures, including the Can nard
and Hashimoto Deformation Zones as well as sub parallel shears and folds associated with these
regional controls on gold mineralization (Figure 2).
“As we conclude our drilling results for last year’s program, we feel that Fury has done an excellent job
expanding the Eau Claire Resource and improving the potential pipeline for new discovery on the
property. Combined with the recent acquisition of a 10 0% ownership stake of the Éléonore South
project, the company now has more breadth of exciting targets to pursue this coming year,” commented
Tim Clark, CEO of Fury. “Looking forward, the upcoming milestones for Fury will be to release a 2024
exploration plan and a mineral resource update of the Eau Claire Resource by mid-April.”
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Table 1: Current Percival Drill Intercepts
Hole ID From To Length (m) Au (g/t)
23KP-013
99 101 2.00 0.75
150 151.5 1.50 0.40
157.5 160.5 3.00 0.37
529.5 544 14.50 1.05
Incl. 538 539 1.00 10.70
661.5 663 1.50 0.49
677.5 678.5 1.00 4.78
687 717 30.00 0.30
23KP-014
220.5 222.5 2.00 0.58
230 231 1.00 2.15
378 396 18.00 0.50
444 445.5 1.50 1.11
549 566.5 17.50 0.29
609 610.5 1.50 0.26
639 643.5 4.50 0.33
663 664 1.00 0.25
665 666 1.00 0.29
697.5 699 1.50 0.26
23KP-016
412.5 433.5 21.00 0.27
451 464.5 13.50 0.49
482.5 497.5 15.00 0.88
Incl. 487 490 3.00 2.81
504 532.5 28.50 0.42
23KP-017
93 94.5 1.50 0.36
150 151.5 1.50 0.42
469.5 472.5 3.00 0.77
23KP-018 177 178.5 1.50 0.26
574.5 576 1.50 0.30
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
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Figure 1: Percival long section depicting the locations of the current and pending 2023 drill holes in relation to
the 2022 and historical drill intercepts.
Percival Prospect
The Percival Prospect is situated 14 km east of the Eau Claire Deposit along the Cannard Deformation
Zone which is one of the primary control s on gold mineralization within the region. With the recent
2023 drilling the g old mineralization at Percival Main is represented by a 500 m by 100 m footprint
with high-grade gold being defined to 300 m below surface hosted within folded sulphidized, silicified,
and brecciated sediments.
Drilling in 2023 was designed to t arget down plunge and along strike extensions of the known
mineralization at Percival most notably from Fury’s 2022 drill holes 22KP-008 (13.5 m of 8.05 g/t gold,
including 3.00 m of 25.8 g/t Au) and 22KP -005 ( 7.5 m of 4.38 g/t Au ) (see news release dated
December 21, 2022). The 2023 drilling program was able to successfully extend mineralization to the
east with drill hole 23KP-015 intercepting 279 g/t gold over 1.5 m in a 70 m step out from previous
drilling (see news release dated November 6, 2023) as well as to the west with the reported intercept
of 15.0 m of 0.88 g/t gold from drill hole 23KP-016.
Fury’s technical team has gained a better understanding of the combination of pathfinder elements and
structural controls on the gold mineralization at Percival. The broad low-grade gold mineralization
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
occurs along a well -defined east–west trending structural splay of the Cannard Deformation Zone.
Certain elemental associations, most notably Arsenic, Bismuth , and Tungsten, are proving to be
important pathfinders for the gold mineralization. Higher-grade gold within the broader corridor is
controlled by secondary shearing and is identified by the high degree of silicification. With this
knowledge, the team has refined their targeting along the Percival to Serendipity Horizon identifying
ten priority target s for 2024. These identified targets lie within the same stratigraphic package as
Percival Main and have undergone varying degrees of deformation. The proximity of the main Cannard
and Hashimoto Deformation Zones varies from one target to the other and could have a significant
impact on the gold mineralization. Fury believes the varying degrees of deformation are an important
control on both gold mineralization and the potential preservation of a sizeable mineralized body.
“Percival is a complex mineralized body , as anyone that has visited the outcrop will attest to. As we
continue with our systematic and disciplined exploration approach, we evolve our targeting based on
what the data is telling us. This method of targeting has allowed us to more than double the strike
extent of Percival in just two years and we look forward to applying this knowledge along the broader
Percival to Serendipity trend in 2024,” stated Bryan Atkinson, 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
Figure 2: Plan view of the Percival to Serendipity Trend depicting the 10 gold targets identified through
biogeochemical sampling and structural interpretation.
Sampling and Assaying Disclosure
Diamond 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 f ire 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.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Biogeochemical Sampling
Biogeochemical samples were taken by collecting approximately 200 grams of black spruce twigs and
sent to ALS Lab in Vancouver, BC (ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility) for
preparation and analysis. Preparation included drying, separation of needles from twigs and ashing of
needles only at 475°C for 24 hours (VEG-ASH01). Ashed samples are analyzed for 65 elements using
nitric/hydrochloric acid digestion with ICP -MS finish (ME -VEG41a). QA/QC programs using lab
duplicates, standards, and blanks indicate good accuracy.
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 mineral exploration company positioned
in two prolific mining regions across Canada and holds a 59.5 million common share position in Dolly
Varden Silver Corp (22%). 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 indus try 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 Information 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 th at are not historical facts. Forward -
looking statements contained in this release primarily relate to statements that suggest that the future
work at the Percival Prospect and Eau Claire Deposit 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, 2022 and subsequent continuous disclosure filings with the Canadian
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
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.