Fury Samples High-Grade Lithium from Outcrop at Éléonore South
Fury Gold Mines Limited
401 Bay Street, 16th Floor, Toronto, ON Canada M5H 2Y4
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Samples High-Grade Lithium from Outcrop at Éléonore South
TORONTO, Canada – October 7, 2024 – Fury Gold Mines Limited (TSX and NYSE American: FURY)
(“Fury” or the “Company”) is pleased to announce results from multiple lepidolite and spodumene-
bearing pegmatite outcrops within the western claim block at its 100% owned Éléonore South gold
project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The outcrop sampling
program targeted the historical Fliszar showing lepidolite bearing pegmatite as well as new rock
exposures over an area of approximately 1000 x 500 metres (m) resulting in the collection of 3 4
samples (Figure 1). Seven samples returned high-grade values above 1.75% lithium oxide (Li2O) with
a peak value of 4.67% Li2O (Figure 1; Table 1).
"Éléonore South continues to be a high -priority project in our portfolio, with its multiple avenues for
new discovery on the property. Today we are excited to include discoveries of high -grade lithium at
the project," commented Tim Clark, CEO of Fury. "These results add to our confidence that we can
continue to find new ways to add value to investors. At the moment, we are eagerly awaiting the
results from our summer biogeochemical sampling program targeting the highly prospective Éléonore
style anomaly at Éléonore South and the surficial sampling program conducted at Committee Bay."
Éléonore South Project
The Éléonore South project is strategically located in an area of prolific gold mineralization with
Newmont’s Éléonore Mine to the north and Sirios’ Cheechoo deposit to the east (Figure 1 inset). Two
distinct styles of gold mineralization have been identified to date; structurally controlled quartz veins
hosted within sedimentary rocks , similar to the high -grade mineralization observed at the Éléonore
Mine; and intrusion-related disseminated gold mineralization, similar to that seen at the lower-grade
bulk tonnage Cheechoo deposit with potential for higher grades hosted in stockwork quartz veining
as observed at the JT and Moni showings.
The western claim block of the Éléonore South project has been relatively under-explored compared
to the main claim block. Lepidolite-bearing pegmatite outcrops at the Fliszar showing were first
discovered by Quebec Government geologists in 2006, and since that time, little to no exploration
work to expand the occurrence has been completed. The 2023 forest fires in the area significantly
increased outcrop exposure leading Fury’s technical team to revisit the historical showing and explore
the area in general. Lithium mineralization in both lepidolite and spodumene bearing pegmatites has
now been defined over an approximate area of 1000 x 500 m. Further systematic exploration work
will be carried out by Fury in order to define the overall Lithium potential of the western claim block.
Fury Gold Mines Limited
401 Bay Street, 16th Floor, Toronto, ON Canada M5H 2Y4
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Figure 1: Plan View Map of the Western Claim Block with rock sample results shown.
“The potential for our Éléonore South project continues to expand with every work program completed.
Not only do we have two styles of gold mineralization to explore for on the project, but with today's
results, we can add high -grade lithium to our targeting matrix. Fury’s focus remains on the gold
potential of the Éléonore style target and we are awaiting the results from this summer’s
biogeochemical sampling program to finalize drill targets where we see the same geological and
structural setting which hosts Newmont’s Éléonore Mine 10 kilometres to the north,” stated Bryan
Atkinson, P.Geol., SVP Exploration of Fury.
Table 1: 2024 Rock Éléonore South West Block Rock Samples
Sample
Easting
NAD83 Zone
18N
Northing
NAD83 Zone
18N
Lithology Lepidolite
Observed
Spodumene
Observed
Li
(ppm)
Li2O
(%)
G417574 419421 5828218 Pegmatite Y 9,300 2.00
G417575 419334 5828218 Basalt 291 0.06
Fury Gold Mines Limited
401 Bay Street, 16th Floor, Toronto, ON Canada M5H 2Y4
TSX: FURY NYSE American: FURY
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G417576 419299 5827991 Quartz Vein 71.3 0.02
G417577 419301 5827989 Basalt 141 0.03
G417578 419263 5828174 Basalt 122 0.03
G417579 419201 5828224 Basalt 186 0.04
G417580 419149 5827810 Mafic Dyke 44.3 0.01
G417581 419154 5827807 Basalt 48.3 0.01
G417582 419151 5827709 Tonalite 40.4 0.01
G417649 419696 5828141 Quartz Vein 32.2 0.01
G417650 419696 5828143 Pegmatite 13.6 0.00
G417651 419723 5828155 Basalt 249 0.05
G417652 419724 5828154 Basalt 168 0.04
G417654 419725 5828156 Basalt 259 0.06
G417655 419685 5828104 Basalt 450 0.10
G417656 419719 5828197 Basalt 26.5 0.01
G417657 419740 5828215 Pegmatite Y 2,270 0.49
G417658 419743 5828227 Pegmatite Y 10,000 2.15
G417659 419818 5828259 Basalt 433 0.09
G417660 419830 5828243 Basalt 193.5 0.04
G417661 419874 5828238 Basalt 267 0.06
G417662 419915 5828245 Basalt 314 0.07
G417663 420046 5828210 Basalt 394 0.08
G417664 420057 5828259 Basalt 153.5 0.03
G417665 420095 5828275 Basalt 334 0.07
G417666 419748 5828017 Pegmatite Y 836 0.18
L857013 419765 5828216 Pegmatite Y 3,960 0.85
L857014 419768 5828239 Pegmatite Y 8,010 1.72
L857015 419772 5828245 Pegmatite Y 10,000 2.15
L857016 419771 5828245 Pegmatite Y 13,260 2.85
L857017 419782 5828239 Pegmatite Y 21,680 4.67
L857018 419673 5828292 Argilite 115 0.02
L857019 419418 5828214 Pegmatite Y 8,220 1.77
L857020 419401 5828252 Pegmatite Y 2,180 0.47
Fury, ES Rock Sampling
Approximately 2-3kg of material was collected and sent to ALS Lab in Sudbury, Ontario, Canada for
preparation and then to ALS Lab in Vancouver, BC, Canada for analysis. All samples are assayed using
30g nominal weight fire assay with ICP finish (Au -ICP21) and multi-element four acid digest ICP -
AES/ICP-MS + REE method (ME -MS61r). Where Li -MS61r results were greater than 10,000 ppm
analyses were repeated with assay grade lithium by Na2O2 fusion and ICP-AES (Li-ICP82b). QA/QC
programs using lab duplicates, and lab standards and blanks indicate good overall accuracy and
precision.
Fury Gold Mines Limited
401 Bay Street, 16th Floor, Toronto, ON Canada M5H 2Y4
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Valerie Doyon, P.Geo, Senior Project Geologist 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 5 4 million common share position in Dolly Varden
Silver Corp (17.4% 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 highest industry sta ndards 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 th at are not historical facts. Forward -
looking statements contained in this release primarily relate to statements that suggest that the future
work at Éléonore South will potentially increase or upgrade the 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, 202 3 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.