What are the next steps in the exploration program and the timeline for completing the inaugural campaign?
Next steps in the exploration program
Fury’s inaugural campaign at the Sakami Gold Project is still in its early phase – only one of the planned six drill holes has been completed. The company will now move on to the remaining five holes, which have been programmed to intersect the same down‑plunge trend that produced the 41.5 m @ 1.23 g/t intercept (and the higher‑grade intervals) in hole 25SK‑001. The next drill targets are slated to test the continuation of the three historic mineralized zones (the 0.5 m @ 10.2 g/t and 1.5 m @ 5.17 g/t intervals in particular) and to extend the strike‑length of the 140‑m gold‑bearing envelope. Following drilling, Fury will conduct core logging, assay verification, and a preliminary resource estimate. The company has indicated that the full six‑hole drill program will be completed by the end of August 2025, with the final assay results and a technical report expected in early Q4 2025 (approximately 6‑8 weeks after the last hole is logged).
Trading implications
The imminent completion of the inaugural drill campaign provides a near‑term catalyst. Once the remaining holes are drilled and the assay data are released (likely by late September), the market will receive a clearer picture of the continuity and grade of the down‑plunge system, which could materially upgrade the project's resource potential. In the short term, the stock has already priced in the strong 41.5 m @ 1.23 g/t intercept, but the pending data set a clear “run‑to‑completion” trade. Buyers may look to accumulate on any pull‑back ahead of the final assay release, while risk‑averse investors might wait for the technical report before adding significant exposure. Technical charts show the stock holding near its 200‑day average with a modest upside bias, so a “buy‑on‑dip” strategy (e.g., 5–10 % below the current price) could be appropriate, with an exit target around the recent high if the final assay confirms the high‑grade zones. Conversely, a failure to intersect comparable grades would likely trigger a sell‑off, so position sizing should reflect the binary nature of the upcoming data.