Fury Intercepts 17.62 g/t Gold over 3.5 Metres Shallow at the Hinge Target
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Intercepts 17.62 g/t Gold over 3.5 Metres Shallow at the
Hinge Target
VANCOUVER, Canada – February 6, 2024 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) (“Fury” or the “Company”) is pleased to provide the final set of results from the 12,000 metre
(m) 2023 drilling program at the Hinge Target, part of the high-grade Eau Claire gold project located
in the Eeyou Istchee Territory, in the James Bay region of Quebec. The Hinge Target comprises a series
of stacked gold-bearing quartz tourmaline veins concentrated within a 200m wide structurally
controlled corridor. Highlights from the se last five drill holes include 17.62g/t gold over 3.5 0m
(including 29.80g/t gold over 2.00m), and 22.20g/t gold over 0.50m from 23EC-082; 3.35g/t gold
over 8.50m (including 5.70g/t gold over 3.00m), and 2.24g/t gold over 7.50m from 23EC-079; and
5.49g/t gold over 3.50m from 23EC-078 (Table 1; Figure 1 ). The reported intercept from drill hole
23EC-082 of 17.62g/t gold over 3.50m is within 135m of surface and is completely open to surface
and to the west, above the rest of the Hinge Target.
“We remain encouraged by the final set of results out of the Hinge Target from our 2023 exploration
program, as they continue to demonstrate the growth potential at Eau Claire and will be incorporated
in our upcoming updated mineral resource estimate ,” commented Tim Clark, CEO of Fury. “Notably,
these results are near surface which easily opens the target for further expansion. With just five holes
still pending from the Percival Prospect remaining, we look forward to reporting the final results from
our 2023 drilling program in the coming weeks.”
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 Eau Claire Drill Results
Hole ID From To Length (m) Au (g/t) Te (g/t)
23EC-078
348 349 1.00 2.29 2.03
354 355 1.00 4.26 3.60
371.5 375 3.50 5.49 7.01
399 400.5 1.50 1.57 1.79
457 459 2.00 2.47 4.51
580 582 2.00 3.09 4.14
650 651 1.00 3.78 34.18
697 706.5 9.50 1.88 3.01
Incl. 703.5 705 1.50 6.31 8.66
23EC-079
271 279.5 8.50 3.35 5.71
Incl. 275 278 3.00 5.70 10.70
298 299.5 1.50 2.16 2.91
321 328.5 7.50 2.24 2.85
23EC-081
103.5 105 1.50 1.89 0.14
142.5 143.5 1.00 2.83 4.39
166.5 169.5 3.00 1.34 2.06
219.5 221 1.50 1.41 5.00
23EC-082
172.5 174 1.50 4.56 5.02
182.5 186 3.50 17.62 27.51
Incl. 182.5 184.5 2.00 29.80 46.53
273 274.5 1.50 1.75 0.21
366.5 367 0.50 22.20 2.77
Main intervals - Au grade*thickness no less than 2 g/t*m with grade is no less than 1 g/t, maximum consecutive dilution 2m
Sub-intervals - Au grade*thickness no less than 7 g/t*m with grade is no less than 3.5 g/t, maximum consecutive dilution 2m
Downhole thickness was used due to the unknown zone orientations
Western Hinge Target
Drilling in 2023 has confirmed that the Hinge Target is the direct westerly extension of the high-grade
Eau Claire gold deposit extending the mineralized footprint by over 400m. Drilling to date has identified
a series of discrete sub-vertical quartz tourmaline veins concentrated in two , 100m wide, structurally
controlled corridors with vertical continuity now demonstrated over 400m . The Hinge Target remains
open up dip, down dip and to the west (Figure 1). The 12,000m of drilling completed at the Hinge
Target in 2023 were designed to tighten up the drill hole spacing to a nominal 60 -80m for use in an
updated independent mineral resource estimate, which is now underway.
“This latest round of drill results have clearly demonstrated that the Hinge Target connects with and
will extend the defined Eau Claire gold resource. More importantly , we have intercepted high-grade
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
gold over good widths near surface and the potential up dip continuation of the mineralization is a
compelling target for Fury to pursue. Now that all of the 2023 results for the Hinge are finalized, the
technical team is working hard on updating the mineral resource estimate,” stated Bryan Atkinson, SVP
of Exploration at Fury.
The Company is also pleased to announce that Fury will be participating in the upcoming BMO Global
Metals & Mining Conference to be held in person from February 25th to February 28th, 2024. Tim Clark,
CEO and Director, will be in attendance meeting with investors to discuss the Company’s high-grade
gold projects in Canada. The BMO Global Metals & Mining Conference connects mining companies with
institutional funds, private equity groups, family offices and sector analysts. For more information on
this conference visit https://capitalmarkets.bmo.com/en/industries/global-metals-mining/.
Figure 1: Eau Claire Resource Long Section Looking North showing the location of the reported drill intercepts and the
overall scale potential of the Hinge Target.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Sampling and Assaying Disclosure
Analytical samples for the Drill Program were taken by sawing HQ 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 absorpt ion 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.
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 59.5 million common share position in Dolly Varden
Silver Corp (2 2% 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 high est 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
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 mater ially correct. Mineral exploration is a
high-risk enterprise.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
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
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.