Fury Intercepts 31.77 g/t gold and 8.07g/t Tellurium over 3.5 Metres 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 31.77 g/t gold and 8.07g/t Tellurium over 3.5
Metres at the Hinge Target
VANCOUVER, Canada – January 17, 2024 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) (“Fury” or the “Company”) is pleased to provide the fourth set of results from the 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 continues to produce multiple
stacked zones of gold-mineralized quartz tourmaline veins. Highlights from the seven drill holes
include 31.77g/t gold over 3.5 0 metres(m) from 23EC-077; 65.30g/t gold over 0.50m and 14.25 g/t
gold over 1 .00m from 23EC -074; 2.56g/t gold over 7.50m from 23EC -068; and 3.41g/t gold over
6.50m and 5.00g/t gold over 3.50m from 23EC-075 (Table 1; Figure 1). The 2023 Hinge Target drilling
has increased confidence in the geological model and potential for expansion of the Eau Claire
resource to the west. Results from an additional five drill holes are still pending for the Hinge Target.
“Recent results out of the Hinge Target continue to remain impactful to the overall resource at Eau
Claire,” commented Tim Clark, CEO of Fury. “Going forward, we’re excited for results from the remaining
five holes at the Hinge Target and five holes at the Percival Prospect. Once the final results have been
received and processed, we will be able to include them in the Eau Claire mineral resource update which
is expected to be released at the end of Q1 or early Q2.”
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-068
9 10 1.00 2.17 0.03
327.5 329.5 2.00 2.56 6.09
381 382.5 1.50 3.95 1.45
387 392 5.00 2.62 3.21
Incl. 389.5 391 1.50 4.83 4.97
401.5 405 3.50 1.12 1.76
408 415.5 7.50 1.32 2.33
435 442.5 7.50 2.56 3.58
Incl. 441 442.5 1.50 4.83 6.20
445.5 451.5 6.00 1.20 1.30
23EC-072
111 112.5 1.50 1.55 0.30
231.5 233 1.50 3.79 0.39
279 280.5 1.50 3.80 3.19
495 497 2.00 4.13 6.82
23EC-073
196.5 199 2.50 2.26 4.02
214.5 218.5 4.00 3.83 5.48
Incl. 217.5 218.5 1.00 11.60 18.85
248.5 250 1.50 8.30 12.95
23EC-074
381 382 1.00 2.65 3.44
425 426.5 1.50 1.55 2.23
439.5 440.5 1.00 2.53 9.09
474.5 475.5 1.00 5.88 11.05
482 483.5 1.50 1.34 2.46
486 486.5 0.50 65.30 106.50
522 523 1.00 14.25 28.80
23EC-075
346 346.5 0.50 9.29 15.60
352.5 354 1.50 6.49 0.34
379 380 1.00 2.48 3.72
392 393 1.00 2.77 0.63
419 422 3.00 3.83 4.80
Incl. 421 422 1.00 8.94 11.40
444 446 2.00 3.59 4.48
454.5 457.5 3.00 1.88 1.71
468 469.5 1.50 2.60 3.76
478 483 5.00 2.37 4.06
487.5 494 6.50 3.41 10.34
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
588.5 589.5 1.00 7.73 13.50
592.5 596 3.50 5.00 8.90
Incl. 592.5 593.5 1.00 15.15 25.80
643 646 3.00 2.04 2.52
655 659 4.00 1.81 3.22
664 667 3.00 1.17 2.59
23EC-076
225 226.5 1.50 1.45 0.34
260 263.5 3.50 1.64 3.23
290 292.5 2.50 3.45 5.16
295.5 300 4.50 2.84 5.45
23EC-077 271.5 273 1.50 1.53 2.05
290 293.5 3.50 31.77 8.07
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
The Hinge Target is immediately adjacent and contiguous to the western edge of the high-grade Eau
Claire gold deposit extending the mineralized footprint by over 400m . Drilling to date has identified
nineteen discrete sub-vertical quartz tourmaline veins concentrated in two 100m wide corridors.
Vertical continuity of the veining within the Hinge Target has been demonstrated over 300m through
drilling. The Hinge veins remain open both to the west and up and down dip (Figure 1). These drill holes
are part of a series of infill drill holes designed to tighten up the drill hole spacing within the Hinge
Target to a nominal 60 -80m. The continued interceptions of stacked mineralized veins through these
new holes exhibit the overall continuity and robustness of the mineralized system within the Hinge
Target.
“The consistent and predictable nature of the gold mineralization within the Hinge Target is extremely
encouraging as we move towards the inclusion of the Hinge Target in an overall resource update for
the Eau Claire project. Fury’s technical team is looking forward to receiving the final results from the
2023 Hinge drilling program in the coming weeks,” stated Bryan Atkinson, SVP of Exploration at Fury.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
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.
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 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.
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.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
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 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.
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.