Fury Intercepts up to 279 g/t Gold over 1.5m at Percival Main
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Intercepts up to 279 g/t Gold over 1.5m at Percival Main
VANCOUVER, Canada – November 6, 2023 - Fury Gold Mines Limited (TSX: FURY, NYSE American:
FURY) ("Fury" or the "Company") is pleased to announce results for the first five 2023 core drill holes
from the Percival Main 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-015 targeted
a 70 meter (m) step out from the 2022 drilling on the eastern flank of the known Percival Main
mineralization and intercepted 279 g/t Au over 1.5 m, 5.0m of 2.68 g/t gold and 7.5m of 2.31 g/t gold
(Table 1 and Figure 1). Drill hole 23KP-015 is on the easternmost section completed to date at Percival
Main which remains open in all directions.
Three drill holes targeted the westerly continuation of the high-grade intercept reported from drill hole
22KP-008 (13.5m of 8.05 g/t Au – see news release dated December 21, 2022 ). These drill holes
intercepted 22.5m of 0.52 g/t gold from 23KP -009; 19.5m of 0.66 g/t gold from 23KP -010 and;
52.5m of 0.34 g/t gold from 23KP -011 (Figure 1 and Table 1) . Results for a single hole testing the
easterly continuation of the same 2022 intercept encountered additional broad zones of mineralization
including 48.5m of 0.86 g/t gold, 16.5m of 1.42 g/t gold, including 11.55 g/t gold over 1.5m, and
14m of 1.09 g/t gold from 23KP-012 (Figure 1 and Table 1). Notably, the intercepts reported from drill
hole 23KP-012 occur approximately 125m down plunge to the east of the reported 2022 drill intercept
of 8.05 g/t gold over 13.5m (see news release dated December 21, 2022).
“The Percival Prospect has been an important focus for Fury given its potential for additional discovery.
Today’s results are exciting in that they represent the third highest -grade intercept reported for the
entire Eau Claire project and the furthest step out to the east, giving us renewed confidence in our
geological assumptions,” commented Tim Clark, CEO of Fury. “Looking forward, we have an additional
3,700m of drill results still pending from Percival, including two holes targeting biogeochemical
anomalies further east of Percival Main along the highly prospective Cannard Deformation Zone. As for
the Eau Claire resource, our drill remains in operation with additional results expected in the coming
weeks and months.”
Table 1: 2023 Percival Main Drill Highlights to Date
Hole ID From To Length (m) Au (g/t)
23KP-009
1 221 243.5 22.50 0.52
Incl.2 230 231 1.00 2.15
And2 238.5 240 1.50 1.42
1 400.5 406.5 6.00 0.31
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
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23KP-010
2 230 231 1.00 2.15
1 268.5 288 19.50 0.66
1 370.5 373.5 3.00 0.28
1 432 442 10.00 0.31
1 462 465 3.00 0.33
1 472.5 483 10.50 0.32
23KP-011
1 250.5 251 0.50 2.57
1 399 406 7.00 1.00
Incl.2 399 402.5 3.50 1.59
1 430 434 4.00 0.38
1 624 676.5 52.50 0.34
2 638.5 640 1.50 2.11
2 645.5 648.5 3.00 1.40
1 691 701.5 10.50 0.40
23KP-012
1 310 358.5 48.50 0.86
Incl.
2 325 331.5 6.50 2.06
And2 339 345 6.00 1.96
And2 354 357 3.00 1.53
1 373.5 390 16.50 1.42
Incl.
2 373.5 375 1.50 11.55
1 423 424.5 1.50 0.65
1 441 455 14.00 1.09
Incl.
2 444 450 6.00 1.78
1 487 488 1.00 1.45
1 591 600 9.00 0.43
1 613.5 615.5 2.00 0.83
1 660 666 6.00 0.54
23KP-015
2 344 345.5 1.50 279.00
1 412.5 432.5 20.00 1.20
Incl. 2 412.5 417.5 5.00 2.68
2 420.5 422 1.50 4.55
1 449 456.5 7.50 0.64
Incl. 2 452 453.5 1.50 1.62
1 497 507 10.00 1.88
Incl.
2 497 504.5 7.50 2.31
2 564 565.5 1.50 1.56
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
1. Intervals - Au grade*thickness no less than 0.25 g/t*m with grade is no less than 0.25 g/t, maximum consecutive dilution
6m
2. Intervals - Au grade*thickness no less than 2 g/t*m with grade is no less than 1 g/t, maximum consecutive dilution 2m
Downhole thickness was used due to the unknown zone orientations
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 14km east of the Eau Claire Deposit along the Cannard Deformation
Zone which is one of the primary controls on gold mineralization within the region. Gold mineralization
at Percival Main is currently represented by a 500m by 100m footprint with high -grade gold being
defined to 300m below surface hosted within folded sulphidized and silicified breccia bodies. The 2023
drilling targeted down plunge extensions of the high-grade mineralization reported in 2022 in drill
holes 22KP-008 (13.5m of 8.05 g/t gold, including 3.00m of 25.8 g/t Au) and 22KP-005 (7.5m of 4.38
g/t Au). Drill hole 23KP-015 targeted the eastern flank of Percival Main and intercepted 279 g/t gold
over 1.5m in a 70m step out from previous drilling. The three drill holes to the west successfully
extended the gold mineralized zone by 65m with intercepts of up to 52.5m of 0.34 g/t gold from 23KP-
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
011 and 19.5m of 0.66 g/t gold from drill hole 23KP-010 (Table 1 and Figure 1). Drill hole 23KP-012
was drilled to the east of 22KP -008 and intercepted three large zones of gold mineralization across
100m of core length with highlight s of 48.5m of 0.86 g/t gold including 6.5m of 2.06 g/t gold and
6.0m of 1.96 g/t gold along with 16.5m of 1.42 g/t gold including 1.5m of 11.55 g/t Au.
Results are pending for an additional 2050m of drilling completed at Percival Main as well as over
1600m of drilling testing biogeochemical anomalies along the Percival Trend to the east of Percival
Main (Figure 2). All pending drill holes have intercepted zones of sulphide-bearing silicified breccia
underlying the gold biogeochemical anomalies (Figure 2).
“The 2023 Percival drill program has proven the concept that the mineralized system persists along a
planar structure despite the geology being structurally complex. We have intercepted extremely high-
grade gold as well as broad zones of gold mineralization which speak to the strength of the mineralized
system at Percival and the overall potential of the 100 km long Cannard Deformation Zone. Our entire
team is excited about the remaining results pending from Percival Main and the exploration holes
testing target s out to the east which have all intercepted the targeted silica-rich sulphide bear ing
breccia bodies,” stated Bryan Atkinson, SVP 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 2: Plan view of the Percival Trend showing the two drill holes testing the prioritized biogeochemical
anomalies in relation to 2023, 2022 and historical drill intercepts.
Sampling and Assaying Disclosure
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
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 information" or
"forward-looking statements" within the meaning of applicable securities laws, which relate to the
future operations of the Company and other statements that are not historical facts. Specific forward -
looking information contained in this release primarily relates to statements that suggest that future
work at Eau Claire will potentially increase or upgrade the estimated gold resources.
There can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially. 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 assurance that such assumptions and expectations will prove to be correct. 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 including
the Base Shelf Prospectus available at www.sec.gov. Readers should not place heavy reliance on
forward-looking information, which inherently can only be meaningful as of the date made.