Fury Targets a New Gold Discovery Near Newmont’s Éléonore Mine explains CEO Tim Clark
“Since acquiring 100% ownership of the Éléonore South joint venture earlier this year from Newmont, the Éléonore style anomaly has been at the top of our prospective list,” commented Tim Clark, CEO of Fury. “Given the size, scale, and proximity to Newmont’s Éléonore Mine, we believe any success could create potential upside for investors and thus we are excited to commence drilling in Q1 of 2025.”
Fury Gold Mines (Ticker: FURY) has finalized drill targeting after completing a surficial geochemical survey at the Éléonore South gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. Drilling will target robust geochemical gold anomalies within the same sedimentary rock package that hosts Newmont’s Éléonore Mine. The completed biogeochemical sampling survey covered an interpreted fold nose within the Low Formation sediments where an orientation level study identified a large-scale gold anomaly in a similar geological, geophysical, and structural setting to that of the nearby Éléonore Mine (see news release dated March 5, 2024). Six priority drill targets across over 3 kilometres of prospective folded sedimentary stratigraphy have been identified. These six targets encompass multi point gold anomalies above the 90th percentile of the data and correlate with moderate pathfinder elemental anomalies, most notably arsenic which is associated with gold mineralization at the Éléonore Mine. The Company intends to mobilize crews in Q1 2025 for an initial fully funded 3,000 – 5,000 metre diamond drilling program.
CEO Tim Clark and SVP Exploration Bryan Atkinson provide a company update in this MSE episode.
0:00 Intro
1:26 Éléonore South gold project: six targets
6:39 Gold till anomalies at Éléonore South
8:25 Prioritizing three projects
11:05 Serendipity gold discovery
12:32 Committee Bay project update
18:15 Fury owns $70M of Dolly Varden Silver shares
