TSX and NYSE American: FURY Fury Reports Infill Drill Results; Returns High Grade at Eau Claire Including 14.41 g/t over 3.92 Metres
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TSX and NYSE American: FURY
Fury Reports Infill Drill Results; Returns High Grade at Eau Claire
Including 14.41 g/t over 3.92 Metres
TORONTO, Canada – August 25, 2026 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) ("Fury" or the "Company") is pleased to announce the third batch of assay results from its
ongoing Phase 2 drill program at the Eau Claire Gold Project, located in the Eeyou Istchee Territory
in the James Bay region of northern Quebec. The Phase 2 program comprises approximately 15,000
to 25,000 metres (m) of drilling focused on upgrading inferred mineral resources to higher -
confidence mineral resources categories.
All drill holes reported in this release targeted areas currently classified as inferred mineral
resources, with results continu ing to demonstrate strong continuity of gold mineralization
throughout the deposit, which support the Company's ongoing resource conversion objectives.
Significant drill highlights include:
• Hole 26EC-125 intersected 14.41 grams per tonne (g/t) gold over 3.92 m and 7.74 g/t gold
over 1.96 m (Figure 2); the most significant result from the third batch of assays;
• Hole 26EC-118 intersected 4.49 g/t gold over 2.94 m and 7.74 g/t gold over 1.96 m, with
hole 26EC-129 returning 2.07 g/t gold over 4.94 m and 10.35 g/t gold over 0.99 m (Figure
3); h oles 26EC -118 and 26EC -129 were completed within the same mineralized zone,
located approximately 250 m and 190 m up-dip, respectively, from hole 26EC-115;
• Hole 26EC-115 intersected 2.88 g/t gold over 8.00 m and 4.19 g/t gold over 4.00 m ; these
are final results that complete initial results previously reported (see news release dated July
13, 2026); and
• Hole 26EC-120 intersected 5.07 g/t gold over 6.00 m, including 10.20 g/t gold over 1.00 m
(Figure 4).
• 15,047 m (or 35 holes) for the Phase 2 Eau Claire program has been drilled.
"These latest results continue to confirm the continuity and quality of the mineralization as we
work to convert inferred mineral resources into higher-confidence mineral resource categories,"
commented Tim Clark, CEO of Fury. "The consistency of mineralization across multiple zones,
combined with several high -grade intercepts, further strengthens our confidence in the Eau
Claire deposit as we move towards pre-feasibility in 2027."
Table 1: Recent Drill Highlights
Hole ID From To Drilled
Thickness (m)
True Thickness
(m) Au (g/t)
26EC-115
650.5 651.5 1.0 1.00 4.54
660.5 662.0 1.5 1.50 3.21
699.5 700.5 1.0 1.00 7.16
703.0 707.0 4.0 4.00 1.47
715.0 723.0 8.0 8.00 2.88
726.0 730.0 4.0 4.00 4.19
26EC-117
341.5 343.0 1.5 1.45 2.98
361.0 362.5 1.5 1.45 5.27
422.5 424.0 1.5 1.46 1.61
26EC-118
20.5 22.0 1.5 1.44 3.73
310.0 313.0 3.0 2.94 4.49
316.0 318.5 2.5 2.45 2.35
323.0 325.0 2.0 1.96 7.74
26EC-120
203.5 204.5 1.0 1.00 2.84
287.0 293.0 6.0 6.00 5.07
302.0 303.0 1.0 1.00 10.20
371.5 373.0 1.5 1.50 1.34
383.5 384.5 1.0 1.00 4.53
26EC-121
271.5 273.0 1.5 1.44 4.38
309.0 310.5 1.5 1.44 1.98
316.5 319.5 3.0 2.89 2.42
373.0 374.5 1.5 1.45 1.82
26EC-125
332.0 333.0 1.0 0.98 2.48
347.0 351.0 4.0 3.92 14.41
365.0 367.0 2.0 1.96 7.74
382.5 384.5 2.0 1.96 3.12
415.5 417.0 1.5 1.48 3.91
443.0 444.5 1.5 1.48 1.44
26EC-127
325.5 326.5 1.0 0.99 9.84
343.0 345.0 2.0 1.97 4.10
377.5 378.5 1.0 0.99 2.96
385.5 387.5 2.0 1.98 4.45
26EC-128 317.5 318.5 1.0 0.99 3.85
26EC-129
367.0 372.0 5.0 4.94 2.07
377.0 378.0 1.0 0.99 3.94
396.0 397.0 1.0 0.99 10.35
420.0 421.0 1.0 0.99 2.19
431.0 432.0 1.0 0.99 2.33
Phase 2 drilling is aimed at converting inferred mineral resources into higher -confidence mineral
resources categories and expanding the indicated mineral resource. To date, 35 drill holes totalling
approximately 15,047 metres have been completed, of which five holes were abandoned. Assay
results are currently available for 22 holes totalling 11,423 metres.
Figure 1: Long section of the Eau Claire Deposit looking north showing the locations of the completed and current drill
holes in relation to the block model.
Figure 2: Eau Claire – Section 26EC-125 and 26EC-127.
Figure 3: Section 26EC-115, 26EC-117, 26EC-118, 26EC- and 26EC-129
Figure 4: Eau Claire – Section 26EC-120
Valérie Doyon, P.Geo, VP, Geology 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.
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 with assay 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 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 and blanks,
field and lab duplicates, and lab standards and blanks indicate good overall accuracy and precision.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well -financed Canadian-focused exploration company advancing its
100% owned Eau Claire gold project towards development . The Company holds a 5.8% equity
position in Contango Silver and Gold Inc. and is led by a management team and board of directors
with proven success in financing and advancing exploration assets, Fury intends to grow its gold
portfolio through rigorous project evaluation and exploration excellence. Fury is committed to
upholding the hig hest 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:
Salisha Ilyas, Investor Relations
Tel: (844) 601-0841
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
This news 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 statemen ts that are not historical
facts. Specific forward -looking statements contained in this news release includes information
relating to the Company’s ongoing exploration program at the Eau Claire project.
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, 2025 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.