Social Media

Fury Mobilizes Second Drill to the Percival Prospect

Receive up-to-date information about the company directly via push notification

VANCOUVER, Canada – June 22, 2022 –Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company” - announces that a second drill has been mobilized to its wholly-owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The second drill will test the refined targeting at the Percival Prospect. Drilling will consist of approximately 6,500 metres (m) seeking to extend the higher-grade core of the Percival gold mineralization down plunge, as well as testing a highly prospective parallel fold hinge 500m to the east.

“Percival is one of our most exciting prospects because we are seeing strong indicators in an area that has had historical success but remains relatively unexplored,” said Tim Clark, CEO of Fury. “At the same time, given the proximity of this prospect to the Eau Claire deposit, there is an opportunity to significantly advance our overall ounces at the Eau Claire project. We are excited about our pending drill results which are expected to start being released in July, as well as the significant opportunities for new discoveries from the hinge at Eau Claire and Percival which we are now drilling."

Figure 1: Percival Long Section showing the steep westerly plunge of the folded stratigraphy as indicated by the 3D magnetic inversion with selected drill highlights as well as the pierce points for proposed 2022 drilling.


Percival Prospect

The Percival prospect, located 14 kilometres (km) east of the Eau Claire deposit, is currently represented by a 400 metre (m) by 100m mineralized footprint hosted within folded sulphidized and silicified breccias in an interbedded volcanic and sedimentary sequence represented by historical drill intercepts by a previous operator during 2018 to 2019 of 93.1m of 2.22 g/t gold, 9.0m of 6.26 g/t gold, 8.5m of 7.13 g/t gold and 2.0m of 8.47 g/t gold (Figure 1) (see news release dated February 10, 2021).


Targeting at Percival has significantly advanced recently with the completion of a 29 line-kilometre Induced Polarization ground geophysical survey as well as a biogeochemical survey covering 6.5km of the Percival trend. The higher-grade Percival mineralization is parallel and slightly offset to magnetic stratigraphic units that define a steeply plunging fold geometry. Targeting indicates there is the potential to extend higher-grade mineralization down plunge from historical intercepts (Figure 1) and in the newly identified parallel fold hinge 500m to the east of the known mineralization. A single historical drill hole intersected this parallel fold hinge and ended in 12m of alteration and mineralization similar to the halo observed around the Percival gold mineralization (Figure 1).

“We have looked forward to drilling at Percival and the recently completed surveys have added a high degree of confidence to our targeting through an improved understanding of the controls on mineralization. Our onsite team has reviewed the historical drill core and outcrop exposure to develop a robust targeting matrix using real time observation that we will be able to implement to further refine our targeting as we drill this exciting prospect,” commented Bryan Atkinson, P.Geol., SVP, Exploration of Fury.

Technical Disclosure

The above figures reference highlights only, see the Company’s periodic filings for full details of the work being conducted and its results. In particular the Company’s 2021 Annual Information Form filed at on March 23, 2022, contains information about the sampling methodology which supports the above disclosure.

David Rivard, P.Geo, Exploration Manager at Fury, is a "qualified person" within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.

About Fury Gold Mines Limited

Fury Gold Mines Limited is a Canadian-focused exploration company positioned in two prolific mining regions across the country. Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit

For further information on Fury Gold Mines Limited, please contact:

Margaux Villalpando, Investor Relations

Tel: (844) 601-0841

Email: [email protected]


In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

#BBD0E0 »

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat