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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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The post Fury Gold Mines Identifies 3 Drill Targets at High-Grade Camp in Nunavut, Canada appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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AXIS GLOBAL CAPITAL(AxisGC): Accelerating Global Expansion with UK Certification and US MSB Licensing

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New York, USA – AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital or AxisaGC), a globally renowned forex trading platform, is proud to announce its successful registration as a certified company in the United Kingdom and acquisition of the US MSB (Money Services Business) license. These milestones demonstrate the company’s steadfast commitment to expanding its global presence and providing high-quality financial services tailored to meet the diverse needs of its clients.

With these dual certifications, Axis Global Capital has established a strong regulatory framework in two of the world’s most influential financial markets – the United States and the United Kingdom. These achievements enhance the company’s reputation for transparency, security, and compliance with global regulatory standards, marking an important step toward becoming a truly international financial leader.

What These Certifications Mean for Clients

– Global Localized Services: With certifications in the UK and the US, Axis Global Capital can offer customized services and resources to clients across Europe, North America, and other regions, addressing specific regional market needs.

– Enhanced Trust and Security: Clients can trade with peace of mind, knowing their transactions are protected under strict regulatory oversight. Segregated fund accounts and adherence to international compliance protocols ensure the safety of client assets.

– Expanded Product Portfolio: These certifications enable Axis Global Capital to introduce new trading tools and financial services, offering clients a broader range of forex pairs, indices, commodities, and cryptocurrency products.

– Greater Transparency: Operating under globally recognized regulatory frameworks ensures clear fee structures, transparent transactions, and real-time access to information, empowering clients to make informed trading decisions.

– Opportunities in Global Markets: Dual certifications pave the way for strategic partnerships and collaborations, creating more opportunities for traders to participate in dynamic and interconnected global markets.

Advancing Our Global Vision

“Achieving UK certification and US MSB licensing underscores our commitment to becoming a global financial platform prioritizing integrity, security, and innovation,” said, CEO of Axis Global Capital. “These achievements are not just milestones; they represent our promise to deliver a seamless trading experience built on trust and transparency for our global clients.”

Axis Global Capital’s vision for the future includes leveraging blockchain technology for transaction transparency and employing artificial intelligence for market forecasting. The company is also dedicated to sustainable finance, actively participating in environmentally conscious investment practices.

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About Axis Global Capital

AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital or AxisaGC) is a leading forex and financial services provider headquartered in New York, USA, now certified in the United Kingdom and licensed as an MSB in the United States. The company’s mission is to empower global traders with secure, transparent, and efficient financial solutions. Through innovation, education, and a client-centric approach, Axis Global Capital continues to set new standards in the global financial landscape.

For more information about Axis Global Capital and its offerings, visit: [https://www.axisglobalcapital.com](https://www.axisglobalcapital.com).

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Press Release

AXIS GLOBAL CAPITAL(AxisaGC): Another Step in Global Expansion with UK Certification and US MSB License

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AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital, or AxisaGC), a globally renowned leader in the forex trading and financial services industry, is proud to announce its successful registration as a certified company in the United Kingdom and its acquisition of the US MSB (Money Services Business) license. These significant milestones mark the company’s continued efforts to enhance its global influence and deliver world-class trading solutions to a wider international audience.

With these certifications, AXIS GLOBAL CAPITAL SERVICES LTD now operates under the same trusted name and regulatory framework in two of the world’s major financial hubs: the United States and the United Kingdom. This achievement highlights the company’s commitment to the highest standards of financial integrity, transparency, and compliance.

What These Certifications Mean for Clients

– Enhanced Global Accessibility: The UK certification and US MSB license enable Axis Global Capital to better serve its international clients with localized support and services tailored to regional needs.

– Strengthened Regulatory Compliance: Operating under the strict regulatory standards of both the UK and US adds multiple layers of trust and security for all clients.

– Expanded Market Opportunities: These certifications open new avenues for partnerships and collaborations globally, expanding the range of products and services available to traders.

– Uninterrupted Service Excellence: Axis Global Capital remains committed to delivering the high-quality trading experiences that clients expect, further enhanced by its multi-jurisdictional regulatory standing.

An Important Step in Our Global Vision

“Entering the UK market and obtaining the US MSB license are crucial milestones in our vision of becoming a truly global trading platform,” said, CEO of Axis Global Capital. “These certifications reinforce our dedication to serving clients with unmatched expertise and innovation, while adhering to the highest regulatory standards.”

As the financial markets continue to evolve, Axis Global Capital remains at the forefront, ensuring that traders worldwide have access to secure, transparent, and efficient trading solutions.

About Axis Global Capital

AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital, or AxisaGC) is a leading forex trading platform headquartered in New York, USA, and now also certified in the United Kingdom and licensed as an MSB in the United States. The company is dedicated to providing secure, transparent, and efficient trading services to clients worldwide. With a focus on innovation, education, and customer satisfaction, Axis Global Capital continues to lead the way in the global trading industry.

For more information about Axis Global Capital and its offerings, visit: [https://www.axisglobalcapital.com](https://www.axisglobalcapital.com).

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Press Release

9 Million People Drowning In Grief Every Year

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Grief can feel suffocating, whether from loss, a broken relationship, or unmet dreams. But it doesn’t have to trap you. Discover how to transform grief into an opportunity for growth at Powerful Vibes Institute’s FREE virtual event.

London, United Kingdom — January 22, 2025. Grief has a way of sneaking up on you, leaving you feeling stuck, like you’re living in the shadows of what used to be. It could be the loss of a loved one, the conclusion of a relationship or career, or even the fading of a cherished dream you’ve held onto for years. Whatever the cause, grief doesn’t have to keep you trapped. It’s not a dead end, it’s an invitation to grow and transform.

That’s why Powerful Vibes Institute (PVI) is hosting a FREE virtual event to help you break free from the chains of grief and use it as a springboard to build a better, brighter future.

The Pain of Loss

Let’s be real, grief isn’t something we talk about much. It’s messy, raw, and deeply personal. But here’s the thing, every single one of us will face it at some point. When grief hits, it doesn’t just hurt; it shakes your entire foundation. It clouds your mind, saps your energy, and robs you of the joy life once held. The statistics are astounding, studies estimate that 9 people are affected by bereavement for every death(1). To put it in context, Germany recorded 1,023,687 deaths in 2021 and estimated that around 9 million residents experienced bereavement-related grief that year(2). 

But it doesn’t have to be this way. You can break free.

Grief is universal, yes, but your experience is uniquely yours. It stems from loss, which is one of life’s only guarantees. 

Why Grief Feels So Heavy

Grief doesn’t weigh you down because something is gone—it’s heavy because of your attachment to what was. It’s the stories your mind keeps telling you about what you’ve lost, the constant replay of memories, and the “what-ifs” that never seem to end.

But here’s the secret: you don’t have to stay stuck in that cycle. What if loss wasn’t something to fear? What if it was a chance to uncover new strength, purpose, and direction?

What To Do?

Grief can be the catalyst for your greatest transformation. PVI’s FREE virtual event may ignite that change for you by providing clarity, inspiration, and support. You’ll engage with dynamic speakers, take part in powerful exercises, and walk away with practical tools to honor your loss and move forward with strength.

You don’t have to carry the weight of grief forever. Imagine what it would feel like to let go of the heaviness, to breathe deeply again, and to see life in full color. This event is your chance to make that shift, seize it today by registering here

What You’ll Gain

By attending this powerful event, you’ll gain:

  • Clarity: Break free from the emotional fog and truly understand your grief.
  • Inspiration: Rediscover your purpose and joy for life to move forward with confidence.
  • Resources: Gain practical tools to honour your loss without feeling stuck.

A New Beginning

Grief is a teacher, it strips away the distractions and reveals what really matters. It forces you to confront who you truly are, not who you thought you had to be. This isn’t the end of your story. It’s the beginning of a new chapter, one that you get to write.

Your past may have shaped you, but it doesn’t have to define you. 

If grief has been weighing you down, it’s time to shift. You’re not broken, you’re evolving.

Let’s Do it Together!

Be part of a global community committed to turning pain into purpose, loss into growth, and grief into transformation. Reserve your spot today—it’s free. But don’t wait, spaces are limited.

Grief may touch your heart, but it doesn’t own your future. The choice is yours. Will you rise?

Statistical Sources: 

(1) University of Cambridge

(2) WHO Data

More About Grief 

Grief doesn’t just hit you emotionally. It shows up in all areas of your life:

  1. Mental Paralysis
    • Ever noticed how hard it is to focus when you’re grieving? Your mind becomes foggy, weighed down by a thousand thoughts that don’t lead anywhere. You can’t think clearly because you’re stuck in a cycle of ruminating on the past. You’re trying to make sense of something that often defies explanation.
  2. Emotional Fatigue
    • Grief drains your emotional battery faster than anything else. You wake up feeling tired, even after a full night’s sleep. You smile, but it doesn’t reach your eyes. You’re present, but your heart is somewhere else. The weight of grief can make even the smallest tasks feel monumental.
  3. Spiritual Disconnect
    • When grief hits, it can shake your sense of purpose and connection to something greater. You begin to question the meaning of life, the reason for your pain, and your place in the universe. This spiritual disconnection can leave you feeling isolated, like you’re walking a path no one else can understand.

In order to move forward from these various states, here are several suggestions:

  1. Shift Your Perspective
    • Focus on what remains, such as the love, the lessons, the memories, rather than what’s gone.
  2. Acknowledge the Loss
    • Feel your grief. Don’t suppress it. Grief is energy so release it that way it doesn’t consume you. Cry, scream, journal; do whatever helps you express and release your emotions.
  3. Reconnect with Your Purpose
    • Grief can make life feel meaningless, but it’s precisely in those moments of darkness that you can find your greatest light. Use your grief as fuel to create something new. Let it guide you toward a deeper understanding of life, love, and what truly matters.

More About Powerful Vibes Institute

Powerful Vibes Institute (PVI), headquartered in Europe, is a pioneering entertainment company specializing in transformative events that inspire growth and empowerment. Through online and in-person events, PVI offers professional training and personal development programs designed to help individuals and businesses achieve their full potential and obtain lasting success.

Drawing on the timeless teachings of the late Bob Proctor—an icon in mindset coaching and the “Law of Attraction” movement—PVI integrates proven methods that foster lasting change. Central to PVI’s approach are techniques like goal-setting, attitude and alignment with the universal laws. Through workshops, webinars, and personalized coaching sessions, participants experience transformative “paradigm shifts,” overcoming limiting beliefs to unlock meaningful benefits in areas such as finance, relationships, and health.

Disclaimer

This event is intended for informational and educational purposes only. It is not a substitute for professional medical, psychological, or financial advice. Individuals experiencing severe mental health crises or financial emergencies are encouraged to seek immediate assistance from licensed practitioners or relevant authorities in their region.

Participants are advised to exercise their own judgment and discretion when applying the information provided during the event. Powerful Vibes Institute is not liable for any actions taken or decisions made based on the content of the event, including actions that may result in harm or adverse outcomes. Attendees assume full responsibility for their choices and their consequences. ###

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Organization: Powerful Vibes Institute

Contact Person: Tanja Ault

Website: https://powerfulvibes.my.canva.site/

Email: Send Email

Country: Germany

Release Id: 22012522814

The post 9 Million People Drowning In Grief Every Year appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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