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Title: Fury Gold Mines Identifies 3 Drill Targets at High-Grade Camp in Nunavut, Canada
Vancouver, BC, November 5, 2024 – TheNewsWire – Global Stocks News – Sponsored content disseminated on behalf of Fury Gold Mines. On October 24, 2024, Fury Gold Mines (TSX:FURY) (NYSE American:FURY) announced the completion of the 2024 exploration program at Committee Bay, located in the eastern Kitikmeot region of Nunavut, Canada.Fury Gold Mines is focused in two regions in politically-stable Canada: Quebec (1.16 M&I ounces @ 5.64 g/t gold) [1.] and Nunavut (524,000 Indicated ounces @ 7.85 g/t gold) [2.] The company owns 51 million shares of Dolly Varden Silver valued at approximately C$65 million, giving Fury an enterprise value of C$33 million. Owned by institutions (12%) and Newmont (6%), The Committee Bay property in Nunavut covers a 300-kilometre-long prospective greenstone belt hosting the high-grade Three Bluffs Gold Resource as well as numerous drilled and undrilled prospects.Three targets are now drill ready:Three Bluffs Shear, where drilling in 2021 intercepted 13.93 g/t Au over 10 metres (m)Raven Shear where 7 rock samples have averaged 16.12 g/t gold; andBurro West where a 300 by 300 m discrete >90th percentile gold in till anomaly has been defined with a peak value of 50 ppb gold.“Coming from Boston, I was able to be in and out of Committee Bay within a day,” Tim Clark, CEO of Fury Gold told Guy Bennett, CEO of Global Stocks News (GSN). “The final leg of the trip is a quick one-hour flight north from Baker Lake, a truly beautiful area with stunning landscapes.”“As we were flying over the tundra this summer, I overheard the pilot say, ‘I’m glad we’re going to Committee Bay, you have the best camp in the whole area. The location and crew are excellent, and the infrastructure is impressive.’”“Investors need to understand the sc...
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