Resource implications:
The 41.5 m intercept at 1.23 g/t (plus the higher‑grade intervals within the same hole) suggests a substantial, continuous gold envelope that extends well beyond the historic drill limits. At a typical cut‑off of ~0.8‑1.0 g/t for northern‑ Quebec hard‑rock projects, a 41‑metre zone at >1 g/t is easily “resource‑grade” and, when combined with the 4.7 m @ 2.72 g/t, 0.5 m @ 10.2 g/t, 1.5 m @ 5.17 g/t and 11.8 m @ 1.28 g/t intercepts, adds roughly 150 m of mineralized strike. If the width and continuity observed in hole 25SK‑001 are representative of the broader down‑plunge target, the drill results could translate into several hundred thousand ounces of additional inferred resources (or an upgrade of existing inferred tonnage). The presence of multiple high‑grade spikes (10+ g/t and 5 g/t) also raises the likelihood that a portion of this mineralization will meet the higher-grade thresholds required for a “measured” or “indicated” classification after further infill drilling.
Trading implications:
The market has already priced in a modest premium (sentiment 70) on the news, but the resource uplift potential is not yet fully reflected in the price because the data set is still limited to one hole. For traders, the key driver is the probability that the drill program will confirm a continuous, >150‑metre strike at >1 g/t, which would justify an upgrade of the 2022 resource model (currently ~1.1 Moz inferred). A successful upgrade would likely lift the share price 5‑10 % in the next 2–3 weeks as investors price in a larger, higher‑grade resource and the attendant upside to future cash flow models. Conversely, if subsequent holes prove the intercept to be isolated, the upside could be modest. Actionable insight: maintain a long‑biased stance on FURY with a tight stop‑loss (≈10 % below current levels) and consider adding on dips, but watch for the next drill release (expected within 4–6 weeks) as the catalyst for a material price move. If the follow‑up drilling confirms continuity and a larger tonnage, consider scaling up to a core position; if the follow‑up is marginal, be prepared to trim exposure.