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Fury hits with 660m Eau Claire step-out hole

Fury Gold Mines has hit with a 660m step-out drill hole at its Eau Claire deposit in the James Bay region of Quebec, Canada. The drill hole intercepted 3m grading 2.59 grams per tonne gold within a broader interval of 8m grading 1.21g/t.
Fury  hits with 660m Eau Claire step-out hole Fury  hits with 660m Eau Claire step-out hole Fury  hits with 660m Eau Claire step-out hole Fury  hits with 660m Eau Claire step-out hole Fury  hits with 660m Eau Claire step-out hole

Drilling at Fury Gold Mines' Eau Claire project in Quebec, Canada

The gold mineralisation encountered was associated with quartz-tourmaline veining and amphibole alteration, which is consistent with mineralisation within the Eau Claire deposit.

""We are very pleased to have hit gold mineralisation in our first significant step-out as it provides an exciting indication that we could see strong resource growth at Eau Claire," said Fury Gold president and CEO Mike Timmins.

Fury plans some 80,000m of drilling and project development over the next 18 months, of which some 50,000m over the next 12 months is currently funded.

Eau Claire hosts a measured and indicated resource of 853,000oz grading 6.18g/t. A 2018 preliminary economic assessment outlined an operation to produce 79,200oz/y for 12 years.

Shares in Fury Gold Mines are trading at C$1.78, valuing the company at $210 million.