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Fury Gold Mines Identifies 3 Drill Targets at High-Grade Camp in Nunavut, Canada

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Fury intends to grow its multi-million-ounce gold platform into an acquisition target for the anticipated consolidation of the gold space in 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; and
  • Burro 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 scale of the Committee Bay project and the infrastructure that is already in place on the property,” continued Clark. “There is a hanger full of major equipment, three Fury-owned drill rigs, a heated drill water system, a 100-person camp, and reserves of fuel on site. It appears that the previous operators were setting up a development company in Nunavut, not an exploration company.”

“Our goal is to continue to advance our targeting to show the considerable potential for new discoveries on the property,” stated Clark in the October 24, 2024 press release. “During my recent site visit, I was struck not only by the vast scale and geological potential of the property but also by the impressive infrastructure already in place, the result of over C$160 million in prior investment by previous operators.”

“We are looking at various opportunities to further advance the Committee Bay project as we believe it has the potential to host a major gold discovery in Nunavut with significant upside potential for investors.”

“We have a high-grade gold resource with Three Bluffs that remains open for expansion,” stated Bryan Atkinson, SVP Exploration for Fury. “There are a multitude of unsourced gold in till anomalies ripe for follow-up work. The scale and the overall potential of Committee Bay make it an explorer’s dream.”

Above: Plan view of the Three Bluffs gold deposit illustrating the newly identified mineralized shear zone in orange in relation to the mineralized banded iron formation in blue. 

Above: High-grade gold rock sampling results from the Raven Prospect. Mineralization has been defined along a 1.4 km footprint. Limited outcrop sampling along the undrilled southern boundary of the shear zone has averaged 16.12 g/t Au from 7 samples.

Above: Plan View map showing the results from the 2024 Infill Till Sampling program at Burro West. A large coherent gold in till anomaly associated with a sheared contact between mafic volcanic and ultramafic lithologies. The southwest portion of the grid remains open for additional follow-up.

“One could argue that Committee Bay is a substantial enough land package that it could stand alone as its own company,” Clark told GSN. “However, our multiple assets and strong financial position allow for greater efficiencies.”

“In a bull market, you want to take big swings on high-grade assets in good mining jurisdictions,” added Clark. “The project in Nunavut ticks all the boxes.”

Nunavut’s industrial gross domestic product (GDP) grew 3.4% in 2023, the best GDP growth in Canada. 

“Mining’s share of Nunavut’s GDP continues to expand,” reported the Northern News Service (NNSL) “reaching a record high 46.7% in 2023, up significantly from 28.5% in 2019. That represented $1.37 billion for the economy last year, a slight increase from $1.33 billion in 2022.”

There are numerous mines operating in Nunavut, including Agnico Eagle’s Meliadine Mine that has gold reserves of 3.46 million ounces. 2024 production guidance is 370,000 ounces at a projected cash cost of $960/ounce of gold.

On September 15, 2024 Tim Clark spoke with Crux Investor about the junior gold space and Fury’s portfolio of projects in mining-friendly Canadian jurisdictions, 

“I’m a capital markets guy,” Clark told Crux Investor. “We like raising flow-through money. If we raise money for C$1, we’re getting about C$1.60, because of Canadian tax benefits. That leaves hard dollars to pay for other things, like exploring, drilling or buying assets. I am sensitive to diluting the company. Flow-through shares is one way to minimize that.”

“Typically, you incur about US$100/ounce in exploration costs to find gold,” continued Clark. “We’re executing our programs for US$40/ounce. Our current market cap and resources indicate that our gold-in-the-ground is valued at about C$5.75/ounce.”

Key Fury milestones under Tim Clark’s tenure:

October 24, 2024: Fury Completes 2024 Exploration Program at Committee Bay; Defines 3 Drill Ready Shear Zone Hosted Targets
October 7, 2024: Fury Samples High-Grade Lithium from Outcrop at Éléonore South
September 9, 2024: Fury Intercepts 12.16 g/t Gold Over 3 Metres at Serendipity
June 28, 2024: NI 43-101 Technical Report for Increased Mineral Resource Estimate at Eau Claire
June 13, 2024: Fury Announces Closing of C$5 Million Financing
June 4, 2024: Fury Drills 137.5 Metres of 0.44 g/t Gold at Éléonore South
May 14, 2024: Mineral Resources at Eau Claire, Increasing Measured and Indicated Gold Ounces By 36%, And Inferred Gold Ounces by 45%
March 20, 2024: Drills to begin turning in April at Éléonore South
March 14, 2024: Sale of 5.45 million DV Silver shares to institutions
March 1, 2024: Consolidation of Éléonore South Gold Project
January 17, 2024: 31.77 g/t gold & 8.07g/t Tellurium over 3.5m at Hinge Target
November 6, 2023: Fury Intercepts up to 279 g/t Gold over 1.5m at Percival Main
September 5, 2023: Appointment of Isabelle Cadieux as Board Director
March 23, 2023: Closing of CND $8.75 Million Financing
February 22, 2023: Appointment of Brian Christie as Board Director
December 21, 2022: Fury Drills 13.5 Metres of 8.05 g/t Gold at Percival
August 8, 2022: Fury and Newmont Take Control of Éléonore South
August 3, 2022: Discovery of Multiple High-Grade Gold at Eau Claire
April 19, 2022: Completion of CND $11 Million Private Placement
December 6, 2021: Sale of Homestake Ridge for $50 million

“Committee Bay is an advanced project for a major mining company,” Clark told GSN. “The majors want big pieces of metal rich property in stable mining jurisdictions, and that’s what we have.”

Fury’s Eau Claire project in Quebec contains a combined mineral resource of 1.16Moz gold (Au) at a grade of 5.64 g/t gold in the Measured & Indicated category as well as an additional 723koz gold at a grade of 4.13 g/t gold in the Inferred Category.

The Maiden Mineral Resource Estimate at the Percival deposit, 14 kilometers to the east of the Eau Claire deposit, contains 211koz Au in the inferred category at a grade of 2.34 g/t Au.

Bryan Atkinson, P.Geol, Senior Vice President Exploration 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.

References:

  1. See Eau Claire NI43-101 report “Mineral Resource Estimate Update for the Eau Claire Project, Eeyou Istchee James Bay Region of Quebec, Canada” dated June 25, 2024 filed under Fury’s profile on SEDAR+. Cut-off grade 0.50 g/t Au open pit and 2.50 g/t Au underground.
  2. See Committee Bay NI43-101 report “Technical Report On The Committee Bay Project, Nunavut Territory, Canada” dated September 11, 2023 filed under Fury’s profile on SEDAR+. Cut-off grade 3.0 g/t Au open pit and 4.0 g/t Au underground.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: Fury Gold paid GSN $1,500 for the research, writing and dissemination of this content.

Global Stocks News (GSN) researches and fact-checks diligently, but we cannot ensure our publications are free from error.

Investing in publicly traded stocks is speculative and carries a high degree of risk.

GSN makes no recommendation to purchase any individual stock. Our publications should be used as a starting point for additional research and “due diligence”.

GSN publications sometimes contain “forward-looking statements” such as “may,” “anticipate,” “expect,” “project,” “intend,” “plan,” “believe,” which are based on reasonable expectations, but these statements are imperfect predictors of future events.

When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.

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Nexgen Entertainment Inc. Secures $10 Million in Funding to Expand Epic Ballad’s Ecosystem

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New York, United States, 15th Nov 2024 – Nexgen Entertainment Inc., a leading name in the gaming and blockchain industry, has successfully secured $10 million in a private funding round led by the esteemed NewTribe Capital. Known for its expertise in Web3, blockchain technology, and artificial intelligence investments, NewTribe Capital’s involvement underscores the growing confidence in Nexgen’s ambitious vision and the potential of its flagship project, Epic Ballad: Rise of Heroes.

Epic Ballad is a cutting-edge Web3 strategy game that integrates blockchain elements with traditional gaming mechanics. The game’s unique model combines real-time strategic gameplay with card game dynamics, allowing players to engage in both PVE and PVP battles while earning the in-game cryptocurrency, Epic Ballad Coin (EBC). As the game’s blockchain backbone, EBC is designed to provide players with both an immersive gaming experience and the opportunity to earn real-world value through in-game actions.

Launched in February 2024, EBC has already exceeded expectations, marking a historic moment in the blockchain gaming landscape with its official blockchain listing in October. Having already built a loyal and engaged user base, the team behind Epic Ballad- Nexgen Game took careful steps to protect investor interests, ensuring that EBC’s entry into the blockchain space would be met with strong market demand and readiness.

Initially priced at $0.043, the token has seen a meteoric rise, smashing through the $0.1 mark with ease and stabilizing between $0.091 and $0.095. However, the excitement doesn’t stop there – by the time of this report, EBC has already breached the $0.1 threshold, an incredible feat that showcases its unparalleled demand and explosive growth. This surge represents a staggering 120% increase from the initial offering, affirming that EBC is not just another token but a force to be reckoned with in the crypto world.

In just 24 hours after its release, EBC achieved a jaw-dropping $400,000 in trading volume. But the momentum didn’t stop there. As of now, the token has hit over $1 million in trading volume, a figure that solidifies EBC’s place as one of the hottest tokens in the market today. It has been rapidly adopted and listed on major exchanges, including Lbank, CoinGecko, and CoinMarketCap, drawing attention from crypto investors and enthusiasts across the globe. The roaring market response is a testament to the immense value and potential of EBC, with investors clamoring to get a piece of the action. This unparalleled success underscores both the power of the Epic Ballad project and the confidence it has earned from the global crypto community, confirming Nexgen Entertainment Inc.’s ability to deliver on its vision in the Web3 and blockchain space.

The success of EBC’s market performance has not only confirmed the robustness of Nexgen’s blockchain model but also caught the attention of major investors, propelling the company to secure $10 million in additional funding. Led by NewTribe Capital, this round of financing will further fuel Nexgen’s efforts to expand the Epic Ballad ecosystem, enhance gameplay features, and continue to attract players and crypto enthusiasts alike. The support from NewTribe Capital highlights its deep understanding of emerging technologies and its strategic belief in Epic Ballad’s potential to reshape the future of gaming.

Following this major funding milestone, Nexgen Entertainment Inc. plans to enhance the game’s content and user experience. With a focus on the global gaming community, the funding will be directed toward optimizing existing features, introducing new gameplay mechanics, and expanding the game’s reach to even more markets. As a company deeply committed to player satisfaction and innovation, Nexgen Entertainment Inc remains steadfast in its mission to deliver a continuously evolving, high-quality gaming experience that meets the dynamic needs of its expanding user base.

In addition to improving gameplay, Nexgen is also placing a strong emphasis on enhancing the blockchain experience for users. To provide greater ease of access and management of their EBC assets, Nexgen Entertainment Inc has launched a Telegram Mini Program, allowing players to seamlessly manage their holdings, stake tokens, and track their investments. This initiative highlights Nexgen’s commitment to ensuring that players have a smooth, intuitive, and secure way to interact with the game’s blockchain features, reinforcing the company’s focus on user experience and making blockchain technology more accessible for everyone.

As the blockchain gaming sector continues to grow, Nexgen Entertainment Inc. is poised to play a pivotal role in shaping the future of this innovative industry. With the successful integration of blockchain technology into Epic Ballad, and the support of strategic investors like NewTribe Capital, Nexgen is set to drive further advancements in gameplay, market adoption, and the overall gaming ecosystem. The future of Epic Ballad holds exciting possibilities, and Nexgen Entertainment Inc. remains dedicated to building a world-class platform for players to thrive, interact, and earn.

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PCL Group’s Cutting-Edge Beam Cutting Machine is Setting New Metalworking Standards

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Using the most recent CNC technology from PCL Group, H beam cutting samples were completed with accuracy and efficiency.

Jinan, Shandong, China, 15th Nov 2024 – A pioneer in the worldwide steel fabrication and metalworking sector, PCL Group Intelligent Equipment Co., Ltd. has finally unveiled new, cutting-edge CNC equipment designed to satisfy the exacting requirements of contemporary industries. As evident, PCL Group has been creating a range of CNC solutions over the past ten years that now include robotic, laser, and plasma cutting machines as well as 3D software programs.

Here are some of the highlighted items:

Pipe Plasma Cutting bevelling Machine

The dedication of PCL Group to innovative engineering and superior performance is best demonstrated by the 6-Axis Pipe Plasma Cutting Beveling Machine. This piple profile cutting machine is perfect for companies that need complex pipe cutting and beveling because of its sturdy design and cutting-edge technology. It handles difficult profiles with accuracy and efficiency and is used in a variety of industries, including bridge construction, shipbuilding, steel structure fabrication, and heavy machinery production. The fabrication of faultless H beam cutting samples is made possible by this technology, satisfying the exacting specifications of modern industrial applications.

This machine’s six CNC axes—Left/Right, Front/Rear, Up/Down, Rotation, Torch-Twisting, and Torch-Lifting—give it total control over the cutting process and guarantee that every pipe profile is cut to precise measurements. The machine is an effective instrument for high-volume intersecting pipe-cutting applications because of its automated programming and CNC nesting capabilities, which simplify cutting while permitting complex joint types and multi-layered cuts.

8 Axis CNC Tube And Beam CNC Plasma Cutting Machine

For intricate cuts on tubes, beams, channels, and angles, the 8-Axis CNC Tube and Beam Plasma Cutting Machine provides a comprehensive 3D profiling solution. This beam cutting machine is designed for precision-driven industries and has plasma coherent line-cutting technology, which guarantees clean, accurate cuts necessary for welding and assembly.

The 8-Axis CNC machine saves time and improves accuracy by converting drawings straight into CNC codes using Windows-based control and programming tools. The machine’s superior cutting edges make it appropriate for applications requiring precision, and its movable settings allow for greater versatility in a range of tasks.

CNC laser cutting machine

PCL’s CNC Gantry Laser Cutting Machine is a potent tool for cutting metal on a huge scale. It is perfect for industries like shipbuilding, aerospace, and heavy machinery production since it can handle large metal plates. Because of the large area of this CNC laser cutting machine, it can handle materials longer than 6 meters, splicing is not necessary, and a smooth, superior finish is guaranteed.

With this function, users may process complete sheets without interruptions, maximizing material utilization and creating flawless finished products—a major benefit over ordinary tabletop cutters.

Laser Tube Cutting Machine

For fabricators that want accurate cuts on tubes of different forms, the  Tube Laser Cutting Machine is a flexible option. Outfitted with advanced laser and plasma tubing capabilities, it consistently cuts, drills, and engraves round, square, and irregular tubes, steel angle, channel, and beams.

For sectors that need accurate drilling, engraving, and cutting of intricate shapes, this machine is indispensable. It is a dependable asset for both small projects and large industrial applications because of its laser technology, which offers exceptional adaptability.

About PCL Group

With its selection of highly specialized CNC equipment built to achieve optimal performance, precision, and efficiency, PCL Group distinguishes out in the metalworking sector. Using high-quality parts is a primary priority for the company, guaranteeing the stability and longevity of each machine throughout time. In contrast to rivals who could use subpar components to save money, PCL Group’s commitment to quality ensures that customers will receive better outcomes.

PCL Group offers the necessary paperwork for customs clearance, such as sales contracts, packing lists, commercial invoices, and CE certificates, to bolster client confidence. Each machine also comes with comprehensive user manuals that are updated on a regular basis. In order to further reassure customers, PCL Group provides live video testing prior to final payment, enabling them to verify performance prior to finalizing their purchase.

Please visit https://pclgroupcncmachine.com to learn more about PCL Group’s offerings.

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Otakustride Premier Source for Anime-Inspired Footwear

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United States, 15th Nov 2024 – At Otakustride, we’re thrilled to introduce our specialized collection of anime shoes, designed for fans who want to showcase their love for iconic series in a fashionable, wearable way. Our brand is dedicated to crafting high-quality, comfortable, and visually striking footwear that celebrates anime culture. From beloved characters to epic moments, Otakustride transforms your favorite anime scenes into shoes that let you carry a piece of the anime world wherever you go.

Our Featured Collections

We offer a variety of designs that cater to fans of popular anime series. Here’s a look at our main product categories:

  • Naruto Shoes: Step into the world of ninjas with our Naruto-inspired shoes! Featuring beloved characters like Naruto, Sasuke, and Kakashi, along with the emblems of the Hidden Villages, these shoes capture the spirit of adventure, resilience, and friendship from the Naruto series. Perfect for fans who want to walk the path of a true shinobi.
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  • Dragon Ball Z Shoes: Power up with our Dragon Ball Z shoes! This collection pays homage to the epic battles and legendary transformations of Goku, Vegeta, and other Z Fighters. Featuring vibrant colors and dynamic graphics, these shoes are perfect for fans looking to embody the power, perseverance, and excitement of the Dragon Ball universe.
  • Demon Slayer Shoes: Embrace the artistry of Demon Slayer with our carefully crafted shoes that depict Tanjiro, Nezuko, and other key characters. With designs that capture the beauty and action of this visually stunning series, our Demon Slayer collection is made for fans who admire the bravery and dedication of the demon slayers.

Why Choose Otakustride?

Each pair of shoes at Otakustride is created with the fan in mind. Our designs are unique, high-quality, and tailored for comfort, ensuring they are as practical as they are stylish. Made with durable materials, resilient soles, and carefully printed graphics, Otakustride shoes are ideal for fans who want to express their passion for anime in everyday life.

Whether you’re heading to an anime convention, meeting with friends, or simply expressing your style, Otakustride has the perfect pair for you. Explore our collections and join thousands of fans who walk with confidence and anime pride. Thank you for choosing Otakustride – where anime meets style!

A Special Thanks to Our Supporters

At Otakustride, we extend our heartfelt gratitude to the sponsors and supporters who make our journey possible. Your unwavering dedication allows us to bring fans around the world closer to their favorite anime through unique, high-quality footwear. Your support enables us to continuously improve, innovate, and expand our collections, making Otakustride a brand that resonates deeply with the anime community. Thank you for being a vital part of our story and for helping us celebrate anime culture in a way that fans can proudly wear every day. Together, we stride forward with passion and creativity!

About Otaku Stride

Otaku Stride | High Quality Custom 3D Printed Anime shoes
Address: 3328 Louisiana St, Houston, TX 77006, United States
Email: otakustride123@gmail.com
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