Fury Intercepts 5.73 g/t gold and 11.27g/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 5.73 g/t gold and 11.27g/t Tellurium over 3.5
Metres at the Hinge Target
VANCOUVER, Canada – October 3, 2023 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) (“Fury” or the “Company”) is pleased to provide results for an additional two infill core drill
holes from the Hinge Target at the high-grade Eau Claire gold project located in the Eeyou Istchee
Territory in the James Bay region of Quebec. The 2023 drill program continues to focus on infill drilling
at the Hinge Target located immediately west of the Eau Claire Deposit. Every hole completed at the
Hinge Target to date has intercepted two corridors of stacked gold-bearing quartz tourmaline veins
and alteration including 3.5 metres (m) of 5.73 g/t gold and 11.27 g/t Tellurium and 7.43g/t gold over
2.5m within a broader interval of 4.65g/t gold and 8.72 g/t Tellurium over 4.5m (Table 1; Figure 1).
These results continue to highlight the importance of the Hinge Target to the overall expansion of the
Eau Claire Deposit to the west.
Drill holes 23EC-065 and 23EC-068 represent the continuation of a series of infill drill holes designed
to tighten up the spacing of the 2022 Hinge Target drilling to a nominal spacing of 60-80m. The stacked
intercepts through these new holes continue to exhibit the overall strength of the mineralized system
within the Hinge Target. These results provide confidence in the continuity of the modeled sub-vertical
veining at the Hinge Target . In addition to gold, the Eau Claire Deposit is rich in Tellurium , a mineral
present on the list of critical and strategic elements. Tellurium can be used in the manufacturing of
stainless steel, batteries and solar panels.
“We are pleased to be back reporting results after experiencing longer than usual wait times with
the assay labs. These assays come on the back of what we believe were two strong conferences for
Fury at Precious Metals Beaver Creek and Gold Forum Americas, ” commented Tim Clark, CEO of
Fury. “As a result, we remain confident that Fury is one of the best-positioned companies in the junior
exploration sector with our significant cash , Dolly Varden Silver equity stake, and optionality for
upside both at the dis covery level and resource development.”
Table 1: Eau Claire Drill Results
Hole ID From To Length (m) Au (g/t) Te (g/t)
23EC-065
398.5 399.5 1.00 3.00 3.57
452 454 2.00 1.47 2.37
457 460 3.00 1.71 1.81
533 534.5 1.50 6.47 9.38
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Incl. 534 534.5 0.50 17.90
572.5 573.5 1.00 6.31 11.20
629.5 630 0.50 4.40 6.30
663.5 666 2.50 5.90 8.66
Incl. 665 666 1.00 13.95
674.5 678 3.50 5.73 11.27
Incl. 677 678 1.00 18.50
694 698.5 4.50 4.65 8.72
Incl. 696 698.5 2.50 7.43
715 718 3.00 1.73 3.14
724 729.5 5.50 1.94 3.03
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
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
445.5 451.5 6.00 1.20 1.30
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 2023 exploration program at the Hinge Target focuses on tightening the drill spacing to 60-80m
to demonstrate confidence in the continuity of the mineralized vein corridors identified to date . The
Hinge Target is defined by two 100m wide corridors of mineralization each hosting multiple sub-vertical
quartz tourmaline veins (Figure 2). To date, nineteen discrete veins have been modeled within the two
corridors and remain open in all directions.
“The results from the 2023 drill holes received to date demonstrate a remarkable continuity to the gold-
bearing veins within the Hinge Target. We are intersecting the veins within a meter or two of where we
have modeled them f rom the wide-spaced 2022 drilling which gives our team a lot of confidence
moving forward with the current drill program. We have been active throughout the property package
in 2023 and we are eagerly anticipating the first round of results from the follow-up drilling at Percival
and the exploration work out along the Cannard Deformation Zone ,” 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 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
Figure 2: Cross Section of the Hinge Target Looking West, showing the multiple stacked subvertical veins.
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 (23.4%). 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 exp loration excellence. Fury is committed 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
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 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 e nded December 31, 2022 and subsequent continuous disclosure filings with the Canadian
Securities Administrators available at www.sedar.com 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.