Infill Drilling at Fury’s Hinge Target Continues to Intercept Multiple Zones of Gold Mineralization
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Infill Drilling at Fury’s Hinge Target Continues to Intercept Multiple
Zones of Gold Mineralization
VANCOUVER, Canada – November 28, 2023 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) (“Fury” or the “Company”) is pleased to provide additional results from the 2023 infill drilling
program at 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 Hinge Target infill program has increased confidence
in the geological model and potential for expansion of the Eau Claire resource to the west . Drilling
continues to intercept multiple zones of gold mineralization including 5.5 metres (m) of 4.52g/t gold
and 3.0m of 3.34g/t gold from 23EC-069; 1.0m of 20.20g/t gold and 3.5m of 3.51g/t gold from 23EC-
070; 1.0m of 19.55g/t gold from 23EC-066; and 3.5m of 3.82g/t gold from 23EC-067 (Table 1; Figure
1). Results from an additional eleven drill holes are still being processed for the Hinge Target.
“We are pleased to announce that we have completed approximately 19,000m within 31 holes drilled
between the Hinge Target at the Eau Claire deposit and the Percival Prospect, 14km to the east. We
not only exceeded our planned 15,000m of drilling for this y ear’s program, but we also came in under
budget,” commented Tim Clark, CEO of Fury, “Going forward, we have 16 more drill holes pending
results and we reiterate that Fury remains one of the best positioned junior explorers in the sector.”
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-066
231.5 232 0.50 10.50 0.14
350 351 1.00 19.55 0.03
511 512.5 1.50 2.97 0.12
671 674 3.00 1.23 1.82
23EC-067
364 364.5 0.50 4.61 4.15
377.5 378.5 1.00 4.55 0.38
403.5 408 4.50 1.17 1.31
480 481 1.00 3.52 0.32
702.5 706 3.50 3.82 5.43
Incl. 704.5 706 1.50 6.05 8.23
23EC-069
409.5 411.5 2.00 1.24 2.11
445.5 450 4.50 1.89 2.21
471 474 3.00 1.45 2.19
572 573.5 1.50 2.17 4.42
588.5 591 2.50 1.54 8.38
643.5 646.5 3.00 3.34 4.10
650 655.5 5.50 4.52 6.79
Incl. 650 654 4.00 5.71 8.54
23EC-070
320.5 322 1.50 3.58 0.88
341 343 2.00 1.16 2.16
348 349.5 1.50 2.40 1.59
393.5 395.5 2.00 1.82 3.15
402 404 2.00 2.61 5.13
438 439.5 1.50 1.94 2.38
480.5 484 3.50 3.51 5.21
Incl. 481.5 482.5 1.00 8.04 11.55
488 489 1.00 2.57 3.06
531 532 1.00 5.06 5.54
559.5 560.5 1.00 20.20 41.60
571.5 574 2.50 1.47 2.12
620 621 1.00 2.09 2.65
23EC-071 No significant intervals
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
Formatted Table
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Western Hinge Target
The Hinge Target sits immediately to the west , adjacent to the high-grade Eau Claire gold deposit .
Drilling to date has identified nineteen discrete sub-vertical quartz tourmaline veins concentrated in
two 100m wide corridors. The Hinge Target extends to the west of the deposit by over 400m with
vertical continuity of veining of approximately 300m and remains open both to the west and up and
down dip (Figure 2). The 2023 exploration program at the Hinge Target focused on tightening the
nominal drill spacing to 60-80m to demonstrate the continuity of the mineralized vein corridors for
eventual inclusion in an updated mineral resource estimation at Eau Claire.
“The Hinge Target has proven to be relatively predictable. The drill intercepts are within 1-2m of where
our models predicted they would be and this provides a lot of confidence as we move forward into the
resource modeling and estimation workflow. Our Quebec-based technical team and contractors
delivered well above expectations this season and we are looking forward to the results from the
remaining eleven drill holes at the Hinge and five at and along trend of the Percival Prospect,” stated
Bryan Atkinson, SVP, Exploration of Fury.
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 East, showing the multiple stacked sub vertical 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 (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 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 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.