TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce initial results from the inaugural drill campaign at the Sakami gold project located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec (Figure 1). Drill hole 25SK-001 is the first of six holes drilled to date, and was designed to test the down plunge extension of gold mineralization intercepted in historical drilling and has intercepted five distinct zones of gold mineralization across a 140-metre (m) drilled length; 4.7 m of 2.72 g/t gold; 0.5 m of 10.2 g/t gold; 1.5 m of 5.17 g/t gold and; 11.8 m of 1.28 g/t gold and; 41.5 m of 1.23 g/t gold (Table 1).
Related Questions
What is the immediate impact of these drill results on Fury Gold's share price and trading volume?
What is the expected impact on the company’s cash flow and capital requirements?
How do the grades and intercept lengths compare to the historical drill data for the Sakami project?
What are the estimated costs and budget allocation for the remaining 11 planned drill holes?
When can we expect a full resource estimate or updated NI 43-101 report based on this drill campaign?
How does the 1.23 g/t over 41.5 m intercept compare to the company’s other assets and to peer projects in Quebec?
What are the next steps in the exploration program and the timeline for completing the inaugural campaign?
What are the inferred or indicated resource implications of these new intercepts?
How will the new mineralized zones affect the overall mineral resource model and potential mine plan?
Are there any changes to the company's guidance or valuation models based on these results?
How does the current market sentiment (70) reflect investor expectations, and can it shift after more results are released?
What is the current ownership structure and any recent changes in the shareholder base after this news?
How does the company's debt and liquidity position support the ongoing exploration at Sakami?
What are the regulatory and permitting timelines for moving from exploration to development in the Eeyou Istchee Territory?
How does the 10.2 g/t over 0.5 m high-grade intercept influence the project's economic viability?
What are the potential risks (e.g., metallurgical, environmental, community) that could affect the project’s development?
What is the expected timeline for a new 43-101 compliant resource estimate?
How does this announcement affect Fury Gold's competitive position versus other Canadian gold explorers?
Will the company consider raising additional capital or issuing equity to fund further drilling?
How does the current commodity price outlook for gold influence the project's attractiveness?