Unleashing the Fury: Canada’s newest exploration and development company, Fury Gold Mines
The Homestake Ridge project in B.C.’s Golden Triangle. / Projet Homestake Ridge dans le « Triangle d’or » en C.-B.
F
ury Gold Mines is building a Canadian-focused mining company by aggressively exploring its premier portfolio of development projects situated in high-grade gold mining regions across the country. The company was formed following the reorganization of Auryn Resources and its subsequent acquisition of Eastmain Resources in early October. Fury is led by CEO, Mike Timmins, formerly the VP of corporate development at Agnico Eagle Mines, and board chair, Ivan Bebek, formerly executive chairman of Auryn Resources. Fury is fueled with approximately C$20 million in its treasury and plans to conduct a minimum of 80,000 metres across its multi-million-ounce three-asset platform over the next year, starting in Quebec at the Eau Claire project. Program planning and target development are ongoing for
26 Revue minière du Québec
the Homestake Ridge project in B.C. and the Committee Bay project in Nunavut, with drilling anticipated in 2021. The drill program at Eau Claire will consist of 50,000 metres and will commence in early November. Eau Claire has a recent PEA based on a high-quality mineral resource of 853,000 ounces at 6.18 g/t gold measured & indicated and 500,000 ounces at 6.53 g/t gold inferred. The exploration program at Eau Claire includes infill, extension, and step-out drilling and aims to expand the current resource and test the deposit trend for scale. Homestake Ridge is a PEA-level, gold and silver project located in the Golden Triangle of B.C. with a mineral resource of 166,000 ounces at 7.02 g/t gold and 1.8M ounces at 74.8 g/t silver indicated, and 816,700 ounces at 4.58 g/t gold and 17.8M ounces at 100 g/t silver inferred. Fury has a return to exploration approach for
Homestake and is planning a program for the summer of 2021 to increase the ounce profile of the project and the quality and scale of the potential mining scenario. Shareholders of Fury are also positioned to benefit from the massive discovery potential at the Committee Bay project, which is comprised of a 300-kilometre greenstone belt in Nunavut, anchored by the Three Bluffs deposit of 524,000 ounces at 7.85 g/t gold indicated and 720,000 ounces at 7.64 g/t gold inferred. Drilling in the summer of 2021 will focus on expanding the current resource, as well as on a suite of regional targets associated with known gold-bearing systems within trucking distance of Three Bluffs. With the people, the projects, and the playbook, Fury Gold Mines is launching a campaign of continuous exploration activity that will provide the market with a flow of catalysts to drive value on a per shares basis in today’s robust gold market. u
