Feb 16, 2023
We were joined for a sponsor update by Fury Gold Mines’ CEO Tim Clark and Exploration SVP Bryan Atkinson ( FURY). The good news keeps on coming. 2022’s last three drill holes were recently released. Multiple zones of high-grade gold were drilled at the Hinge Target, including 22.77 g/t Gold over 1.5 meters. So far, they hit gold in 55% of the Hinge drill holes. In addition, they just defined six targets along the Cannard Deformation Zone at Lac Clarkie.
CEO Clark was quite pleased with these results. 2022 marked a year of transformation for Fury. Among the highlights were the sale of Homestake Ridge project to Dolly Varden Silver for cash and shares, and the disposition of C$6.8 from a partial sale of their position. Closing of a C$11 million private placement that brought on a Canadian corporate investor and a well-know US institutional investor. Consolidation of the Éléonore South Joint Venture with Newmont, thus facilitating the JV’s drilling. 25% extension of mineralization at West Eau Claire along with multiple stacked zones of gold mineralization at the Hinge Target. Finally, the completion of their Eau Claire 17,700m drill program. And of the course the stock rebounded well off its 2022 low.
With all these accomplishments, CEO Clarke avers that Fury is a different company today than it was prior to his taking the helm. 2023 promises to be an even more pivotal year. SVP Atkinson is currently analyzing the data and results and is in the process of setting up the 2023 program, for which the cash is in the bank. With so many choices this is no easy task. He stated that at least part of the program will be directed towards the new Cannard targets.
As Clark promised, the news flow has quickened as have the results. We’re holding tight with our position.
Company Website: https://furygoldmines.com
Ticker Symbols: NYSE/TSX: FURY