FURY

When can we expect a full resource estimate or updated NI 43-101 report based on this drill campaign?

Created August 12, 2025 at 11:09 AM

Timing of the next NI 43‑101 update

Fury’s press‑release (12 Aug 2025) makes clear that the six‑hole “inaugural” campaign at Sakami is only the first phase of a larger drilling program. The company’s filing history and industry practice suggest that a full NI 43‑101 resource estimate will not be released immediately after the first six holes; the company will need to complete the planned drill program (typically 12–15 holes for a maiden resource), finish data‑validation, and run the requisite metallurgical and economic modeling. Based on the timing of comparable projects, an updated NI 43‑101 is most realistically expected within 9‑12 months of the August 2025 release—i.e., in Q4 2025 to Q1 2026. The company will likely file a Technical Report (including a preliminary resource) either as a stand‑alone NI 43‑101 supplement or as part of a larger Q3‑Q4 2025 update, depending on how quickly the remaining holes are completed and the data are verified.

Trading implications

The market has already priced in the positive initial intercepts, reflected in a modest bullish sentiment (+70). If Fury can maintain or improve the grades and continuity in the upcoming holes, the upcoming NI 43‑101 filing could act as a catalyst, pushing the stock higher as a more concrete resource estimate becomes available. Traders should watch for a “resource‑update” catalyst in the Q4 2025–Q1 2026 window; a positive NI 43‑101 (e.g., a maiden resource with >5 Mt at ≥1.5 g/t Au) would likely trigger a short‑term breakout, while a delayed or low‑grade estimate could trigger a pull‑back. In the meantime, a cautious “buy‑on‑dip” strategy is warranted: consider adding to positions on pull‑backs (e.g., 5‑10% below the recent 20‑day average) while keeping a tight stop (≈4% below entry) to manage the risk of a delayed resource update. Monitor the company’s upcoming press releases and any filings with SEDAR for a concrete timeline.

Other Questions About This News

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? 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? 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?