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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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Silver Leaf Dustless Revolutionizes Floor Sanding Industry with Eco-Friendly, Dust-Free Technology in Redding, CA

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Redding, CA Silver Leaf Dustless, a leading provider of dustless floor sanding and refinishing services, is transforming the way homeowners and businesses in Redding, California, and surrounding areas approach hardwood floor restoration. The company’s commitment to eco-friendly solutions and cutting-edge dust-free sanding technology ensures a cleaner, healthier, and more efficient experience for customers, setting a new standard in the floor refinishing industry.

Unlike traditional sanding methods that often result in an overwhelming amount of dust and debris, Silver Leaf Dustless utilizes state-of-the-art equipment that virtually eliminates dust during the sanding process. This revolutionary technology not only prevents harmful dust particles from circulating in the air but also significantly reduces post-job cleanup time, offering a seamless experience for homeowners and business owners alike.

“We are excited to introduce this advanced, eco-friendly solution to the community,” said Marc Duclos, founder of Silver Leaf Dustless. “Our goal is to provide an exceptional sanding and refinishing service that prioritizes both the health of our customers and the environment. Our dustless sanding technology offers a safer, cleaner, and more efficient way to restore hardwood floors.”

Eco-Friendly Commitment: Health and Sustainability at the Forefront

In addition to offering a cleaner and dust-free sanding experience, Silver Leaf Dustless takes great pride in its commitment to sustainability. The company exclusively uses non-toxic, low-VOC finishes and stains, ensuring that the refinishing process has minimal environmental impact and avoids harmful chemicals commonly found in traditional floor refinishing products. By choosing Silver Leaf Dustless, clients are not only enhancing the beauty and longevity of their floors but also making a positive impact on the environment.

“Our dustless floor sanding technology is a game-changer for anyone concerned about air quality and the potential health risks associated with traditional sanding,” Duclos continued. “By offering eco-friendly solutions, we’re making it easier for homeowners and businesses to maintain beautiful, safe spaces while also supporting a cleaner planet.”

Expanding Services to Meet the Growing Demand

As demand for cleaner, more efficient floor refinishing grows, Silver Leaf Dustless is expanding its services to meet the needs of homeowners and businesses throughout Redding and beyond. In addition to providing expert dustless sanding and refinishing for residential properties, the company also offers specialized services for commercial clients, including office buildings, retail spaces, and other high-traffic areas.

With a focus on Redding, Anderson, Shasta Lake, Red Bluff, Cottonwood, and surrounding regions, Silver Leaf Dustless is becoming the go-to provider for dustless floor sanding in Northern California. Whether revitalizing worn hardwood floors or providing protective finishes to extend their lifespan, the company is committed to delivering top-notch craftsmanship and exceptional customer satisfaction.

What Sets Silver Leaf Dustless Apart

  • Dustless Technology: Virtually eliminates dust, creating a cleaner, healthier environment during and after the sanding process.
  • Eco-Friendly Solutions: Utilizes non-toxic, low-VOC finishes and stains, prioritizing both health and environmental sustainability.
  • Experienced Team: Skilled professionals who deliver expert floor sanding and refinishing services with precision and attention to detail.
  • Residential and Commercial Services: Offers dustless sanding for both homes and businesses, including floor restoration and refinishing solutions for various property types.
  • Local Expertise: Serves clients in Redding, Anderson, Shasta Lake, Red Bluff, Cottonwood, and surrounding areas, providing personalized, high-quality service.

For more information visit https://silverleafdustless.com 

About Silver Leaf Dustless

Silver Leaf Dustless is a trusted provider of professional dustless floor sanding and refinishing services in Redding, California. Specializing in eco-friendly and health-conscious solutions, the company uses cutting-edge technology to restore hardwood floors while ensuring a cleaner, safer environment for homes and businesses. Known for its commitment to quality and customer satisfaction, Silver Leaf Dustless is quickly becoming the leading floor refinishing company in Northern California.

Contact Information

Marc Duclos

Silver Leaf Dustless

Email: m.duclos@silverleafdustless.com

Website: https://silverleafdustless.com

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EZ CB Revolutionizes Mobile Electronics with Expert CB Radio Installations and Custom 12V Solutions in Napavine, WA

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Napavine, WA – EZ CB, a premier mobile electronics installation company, is proud to offer specialized services for CB radios, backup cameras, custom lighting, custom harnesses, and electrical diagnostics for any 12V system. With a focus on delivering high-quality installations and personalized service, EZ CB is the go-to choice for mobile electronics in Napavine and its surrounding cities, including Chehalis, Tenino, Longview, Kent, Kelso, Toledo, Olympia, Pe Ell, Ryderwood, Vader, Castle Rock, and Onalaska.

At EZ CB, customers receive expert care and precision for all their mobile electronics needs. Specializing in CB radios for heavy equipment, dump trucks, and highway trucks, EZ CB offers sales, installation, parts, and service to keep professional drivers connected and efficient on the road. Whether upgrading a fleet or enhancing a single vehicle, EZ CB ensures each installation meets the highest standards of performance and reliability.

“With years of experience in mobile electronics, we are committed to providing exceptional service and expertise to our customers,” said the owner of EZ CB. “Our goal is to ensure that every installation is performed with precision, allowing customers to get the most out of their electronics.”

Comprehensive 12V Electronics Expertise

In addition to CB radios, EZ CB offers a range of mobile electronics services, including:

  • Backup Cameras: Professional installation for safer driving and improved visibility.
  • Custom Lighting: Enhance your vehicle’s aesthetics and functionality with tailored lighting solutions.
  • Custom Harnesses: Expertly crafted harnesses designed for specific vehicle needs.
  • Electrical Diagnostics: Accurate troubleshooting and repairs for any 12V system.

Serving Local Communities with Excellence

Located in Napavine, WA, EZ CB proudly serves customers across nearby cities, making it easy for local residents and businesses to access professional mobile electronics installation services. With a reputation for quality and reliability, EZ CB stands out as the trusted choice for individuals and businesses alike.

Why Choose EZ CB?

  • Specialized in CB radios: sales, installation, parts, and service.
  • Decades of expertise in mobile electronics.
  • Convenient location and services across multiple cities in Washington.
  • Commitment to customer satisfaction and superior workmanship.

Boost Your Vehicle’s Functionality Today

EZ CB invites all residents and businesses in Napavine and surrounding areas to experience top-notch mobile electronics services. Whether you’re looking for a CB radio installer near me, upgrading your vehicle with custom electronics, or troubleshooting a 12V system, EZ CB has you covered.

For inquiries, installations, or consultations, contact EZ CB at 360-304-3622 or email at ezcbllc@gmail.com. Visit the website at www.ezcbllc.com for more information.

About EZ CB

EZ CB is a mobile electronics installation company based in Napavine, WA, specializing in CB radios, backup cameras, custom lighting, custom harnesses, and 12V electrical diagnostics. With a passion for excellence and a commitment to customer satisfaction, EZ CB is your trusted local partner for all mobile electronics needs.

Contact:

EZ CB

Phone: 360-304-3622

Email: ezcbllc@gmail.com

Website: www.ezcbllc.com

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OptimusZ7’s $100,000 Airdrop: A Blockchain Game-Changer?

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In the fast-evolving world of blockchain, few projects capture the imagination quite like OptimusZ7. This ambitious Layer 1 blockchain is offering a staggering $100,000+ in its native OZ7 coins as part of an airdrop campaign designed to reward early adopters and showcase the platform’s technological capabilities. But what exactly is OptimusZ7, and why should it be on your radar?

Claim your share of $100,000+ in OZ7 coins now at: https://gleam.io/GlS7b/optimusz7-layer-1-blockchain-airdrop.

At its core, OptimusZ7 isn’t just another blockchain—it’s a vision for a decentralized future. The platform is EVM-compatible, which means it can seamlessly integrate with Ethereum-based applications while offering improvements in speed, scalability, and security. Unlike some of its predecessors, OptimusZ7 is built to handle ultra-fast transactions and complex smart contracts, making it versatile enough to support everything from decentralized finance (DeFi) applications to NFTs and enterprise-grade solutions.

A blockchain’s ecosystem often tells its story better than any technical specification. In OptimusZ7’s case, its growing suite of applications is proof of its potential. Take DooSwap, for example, a decentralized exchange (DEX) that offers users a straightforward and secure way to trade digital assets. It’s complemented by Pondo Wallet, a sleek, user-friendly application available on the Play Store and Apple Store. Designed for both crypto newcomers and veterans, Pondo Wallet allows users to manage their OZ7 coins and other digital assets with ease.

The airdrop itself is a bold move. Participants can win a share of the $100,000+ prize pool by completing simple tasks—such as engaging with OptimusZ7 on social media or exploring its ecosystem. For many, this airdrop isn’t just a financial opportunity; it’s an invitation to experience firsthand what OptimusZ7 has to offer.

 To join, visit https://gleam.io/GlS7b/optimusz7-layer-1-blockchain-airdrop and follow the instructions.

But the OptimusZ7 story doesn’t end there. On the horizon is the project’s 2025 presale, an opportunity for early investors to secure OZ7 coins at preferential prices. This presale is more than just a fundraiser; it’s a statement of confidence in the platform’s long-term vision. As the ecosystem expands, OZ7 coins are expected to play a pivotal role—not just as a means of transaction, but as the fuel driving the network’s staking and governance models.

So, why the hype? For starters, OptimusZ7 is tackling problems that have long plagued the blockchain world. High transaction fees and slow processing times have frustrated users and stifled innovation. OptimusZ7 promises to solve these issues with a platform that is both technically superior and accessible.

The team behind OptimusZ7 also seems to understand that adoption isn’t just about technology—it’s about usability. By investing in tools like DooSwap and Pondo Wallet, they’ve ensured that their blockchain isn’t just for developers or crypto enthusiasts. It’s for everyone.

As the blockchain industry grows, finding projects with real staying power can feel like searching for a needle in a haystack. OptimusZ7 is making its case with bold initiatives like this airdrop and its upcoming presale, alongside a strong ecosystem designed to meet the needs of modern users.

To learn more about the project, visit the official website at www.OptimusZ7.com. For those ready to claim their stake in this new blockchain, now’s the time to act. The airdrop closes soon, and the future of decentralized technology doesn’t wait.

John Dee

https://optimusz7.com 

contact@optimusZ7.com

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