Fury Gold Mines celebrates major achievements amid industry challenges

In Canada, Fury Gold Mines Limited had a highly productive 2024, highlighted by several significant accomplishments. The company successfully acquired a total interest of 100% in the Éléonore South project, which involved purchasing the 49.978% interest held by Newmont for C$3 million and acquiring 30 million shares of Sirios for an additional C$1.3 million. This strategic acquisition reflects Fury’s commitment to consolidating its resources and positions it to leverage the project’s potential effectively. Furthermore, the company announced an updated Mineral Resource Estimate at its Eau Claire project, which resulted in substantial increases in gold resources. Specifically, Fury reported an addition of 307Koz gold in the Measured and Indicated category, marking a 36.0% rise, alongside an increase of 223koz in the Inferred category, which demonstrates a 44.6% growth. This positive development enhances the value of the Eau Claire project, indicating its importance to the company's overall strategy. A notable milestone for Fury was the drilling of a new discovery at the Serendipity Prospect, where the company intercepted 12.16 g/t gold over a length of 3 meters. This promising discovery highlights the effectiveness of the company's exploration techniques and showcases the potential for further discoveries on the Eau Claire property. Fury has emphasized the identification of several highly prospective targets for potential drilling in 2025 at projects including Éléonore South, Eau Claire, and Committee Bay. Fury also made significant strides in responsible mining practices, achieving a UL ECOLOGO® certification that underscores its dedication to environmental sustainability. In a show of community support, the company, in collaboration with the Cree Hunters Economic Security Board and various other mining companies, contributed C$750,000 to the Reconstruction Initiative Forest Fires Fund 2023, aimed at restoring cabins damaged by the 2023 wildfires in the Eeyou Istchee James Bay territory of Quebec. As a result of these developments, Fury Gold Mines is positioned for future growth and exploration, with plans for a robust drilling program at Éléonore South in 2025 to further investigate its promising targets.