Fury Mobilizes Drill to the Serendipity Prospect at Eau Claire
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Mobilizes Drill to the Serendipity Prospect at Eau Claire
VANCOUVER, Canada – June 19, 2024 - Fury Gold Mines Limited (TSX: FURY, NYSE American:
FURY) ("Fury" or the "Company") announces that a drill has been mobilized to the greenfield
Serendipity Prospect on its wholly owned Eau Claire project in the Eeyou Istchee Territory in the James
Bay region of Quebec. The Serendipity Prospect lies within the same prospective geological setting as
the Company’s Percival deposit. The Serendipity Prospect is defined by 10 robust geochemical targets
with up to 150 times background gold values proximal to the regional scale Hashimoto Deformation
Zone (Figure 1). Limited historical drilling near Serendipity intercepted 7.9 metres (m) of 1.23 g/t gold;
12.1 m of 1.38 g/t gold and 1.5 m of 4.27 g/t gold, however, this historical drilling is over 800 m from
the targets defined by Fury in an area where the geochemical anomalies are half of the valu es being
targeted (Figure 2). The Company intends to drill test three targets at Serendipity with approximately
3,500 m of diamond drilling.
“We are thrilled to announce this summer’s drilling program which will focus on new discovery at our
greenfields Serendipity Prospect as well as a follow up biogeochemical survey to bring new targets
forward at the Éléonore Mine style anomaly on our Éléono re South property,” commented Tim Clark,
CEO of Fury. “Neither of these targets has ever been drilled, but both areas have been identified as
highly prospective and could be significant catalysts for 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: Plan view of the Percival to Serendipity Trend depicting the 10 gold targets identified through
biogeochemical sampling and structural interpretation.
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Figure 2: Three-dimensional view of the Serendipity prospect showing historical versus planned diamond
drilling relative to geochemical anomalies and geology.
Serendipity Prospect
The Serendipity Prospect is situated 16 kilometres (km) northeast of the Eau Claire Deposit and 6.5 km
north northeast of the Percival Deposit along the Hashimoto Deformation Zone which is related to the
Cannard Deformation Zone, one of the primary controls on gold mineralization within the region. The
planned 2024 drilling will test geochemical anomalies associated with prospective folded stratigraphy
across approximately 2 km of strike length.
Fury’s technical team has gained a better understanding of the combination of pathfinder elements and
structural controls on the gold mineralization along the Percival to Serendipity trend. Broad low-grade
gold mineralization occurs along well -defined structural splay s sub-parallel to the regional Cannard
and Hashimoto Deformation Zones. 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
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Horizon identifying ten priority targets 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.
“We are excited to get drills turning on our first internally developed greenfields prospect as we strive
to continue to build upon the gold inventory through new discoveries at Eau Claire. Historical drilling in
the area intercepted some interesting gold values over width, what really intrigues us is the fact that
the anomalies we are targeting are 2x stronger than th ose over the historical drilling ,” stated Bryan
Atkinson, SVP Exploration of Fury.
Sampling and Assaying Disclosure
Historical Serendipity Diamond Drilling
Analytical samples were taken by sawing NQ diameter core into equal halves on site with one half
being sent to ALS Chemex in Val D’or, QC for preparation and analysis. All samples were assayed using
a 50g nominal weight fire assay with atomic absorption finish (Au-AA24) and multi-element four acid
digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were greater than 5 ppm Au the
assay was repeated with 50g 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.
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 Canadian -focused exploration company positioned in two prolific mining
regions across the country and holds a 54 million common share position in Dolly Varden Silver Corp.
(18.99% 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 committed to upholding the
highest ind ustry standards for corporate governance, environmental stewardship, community
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
engagement and sustainable mining. For more information on Fury Gold Mines, visit
www.furygoldmines.com.
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this news release.
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
This press release contains “forward-looking information” within the meaning of applicable Canadian
securities laws. Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often,
but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is expected”,
“scheduled”, “estimates”, “pending”, “intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations
of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”,
“will”, “should” “might”, “will be taken”, or “occur” and similar expressions) are not statements of
historical fact and may be forward-looking statements.
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.
Although Fury has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward -looking information including the
speculative nature of mineral exploration and development, fluctuating commodity prices, the future
tax treatment of the FT Shares, competitive risks and the availability of financing, as described in more
detail in our recent securities filings available at www.sedarplus.ca.
There may also be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward -looking information. Fury does not undertake to
update any forward-looking information except in accordance with applicable securities laws.