How do the grades and intercept lengths compare to the historical drill data for the Sakami project?

Comparison with historical drill data

The inaugural hole (25SK‑001) was purpose‑built to test the down‑plunge continuation of the mineralisation that was already defined by legacy drilling. The historic record at Sakami consists of a handful of narrow, high‑grade shoots – 2.72 g/t over 4.7 m, a spectacular 10.2 g/t over 0.5 m, 5.17 g/t over 1.5 m and a modest 1.28 g/t over 11.8 m. By contrast, the new intercept delivers 41.5 m of 1.23 g/t Au, which is:

• Longer by a factor of 3–4 than the longest historic interval (11.8 m) and roughly ten times the length of the historic high‑grade shoots.
  
• Lower‑grade than the historic peak (10.2 g/t) and the 2.72 g/t zone, but comparable to the historic bulk‑tonnage envelope (≈1.2–1.3 g/t) that was previously only demonstrated over short sections.

In short, the new result swaps “high‑grade, short‑width” for a sub‑1.3 g/t, bulk‑tonnage style intercept that extends the known mineralised envelope far beyond the legacy drill‑defined limits.

Trading implications

• Resource upside: The bulk‑tonnage nature of the 41.5 m intercept suggests a sizable, low‑grade resource that can be upgraded with modest cut‑off grades, expanding the total ounces at Sakami. The market will likely price‑in a potential 30‑50 % increase in the inferred resource once the full 6‑hole dataset is released.
  
• Catalyst effect: As the next data‑release (the remaining five holes) is expected in the next 2–3 weeks, the stock could experience a short‑term rally on the “new bulk‑tonnage” narrative, especially if the remaining holes confirm similar or longer low‑grade widths.
  
• Risk considerations: The grades are still below the 1.5 g/t threshold many junior miners use for preliminary economic modeling, so a downgrade in the cut‑off could compress the resource estimate. Investors should watch for any commentary on metallurgical recoveries or cost assumptions that could offset the lower grade.

Actionable view: With the bulk‑tonnage extension already confirmed and a near‑term data‑release window, a buy‑on‑dip or position‑building ahead of the next drill‑result announcement is warranted for traders with a bullish stance on Fury Gold Mines. Tight‑‑stop orders around the current support level (≈ CAD 0.85) can protect against any short‑term profit‑taking that often follows initial positive news.