Press Release
Fury Gold Mines Identifies 3 Drill Targets at High-Grade Camp in Nunavut, Canada
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:
- 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.
- 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.
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Press Release
CastilloTrade: What Canadian Traders Are Saying About This Top Platform
The demand for AI-powered trading platforms in Canada continues to rise, with traders seeking advanced solutions to optimize their investment strategies. CastilloTrade has quickly gained recognition as one of the leading trading platforms, providing users with AI-driven analytics, risk management tools, and seamless access to both cryptocurrency and stock markets. As the financial industry embraces automation, Canadian traders are turning to CastilloTrade to enhance their trading efficiency and maximize potential profits.
The Growing Popularity of AI-Driven Trading in Canada
Financial markets are evolving at an unprecedented pace, requiring traders to adapt to changing conditions and capitalize on opportunities quickly. Traditional manual trading methods are time-consuming and often prone to human error, leading to suboptimal decision-making. CastilloTrade is revolutionizing trading for Canadian investors by offering automated solutions that analyze market trends, execute trades, and manage risk with precision.
As more traders seek efficient ways to stay competitive in the market, CastilloTrade’s AI-powered platform is proving to be a game-changer. Its ability to process large amounts of data in real time ensures that traders can make informed decisions without the complexities of manual analysis.
Why Canadian Traders Are Choosing CastilloTrade
The success of CastilloTrade among Canadian investors is driven by its innovative approach to trading. By integrating AI with real-time market analysis, the platform offers a comprehensive set of tools designed to improve trading outcomes.
1. AI-Powered Market Insights for Smarter Trading
One of the most praised features of CastilloTrade is its AI-powered market insights. The platform continuously scans and analyzes global financial markets, identifying potential trading opportunities before they become widely apparent. This allows traders to execute well-timed trades based on data-driven predictions rather than speculation.
By removing the need for manual technical analysis, CastilloTrade ensures that traders can act swiftly on profitable opportunities while minimizing risks associated with market fluctuations.
2. Automation for Effortless Trading Execution
Automated trading is becoming a preferred choice for Canadian investors who want to maximize efficiency without constantly monitoring the markets. CastilloTrade enables users to set predefined trading strategies, allowing the system to execute trades automatically.
The automation ensures that traders can capitalize on price movements at the right time, reducing missed opportunities due to human limitations. With AI-driven execution, traders can maintain consistent performance, even in highly volatile market conditions.
3. Advanced Risk Management for Secure Trading
Managing risk is a crucial aspect of successful trading. CastilloTrade incorporates stop-loss settings, trade size limits, and dynamic risk assessment tools to help traders safeguard their investments. These features enable users to trade with confidence, knowing that their capital is protected against excessive losses.
By offering customizable risk management settings, CastilloTrade provides traders with greater control over their strategies while ensuring they can adapt to market changes effectively.
4. Secure and Reliable Trading Environment
Security and transparency are top priorities for Canadian traders when choosing a platform. CastilloTrade employs advanced encryption, multi-factor authentication (MFA), and secure transaction protocols to protect user data and funds.
Additionally, the platform ensures fair execution of trades, providing a transparent environment where traders can operate with confidence. These security measures make CastilloTrade a trusted choice among Canadian investors looking for a reliable trading solution.
5. Access to a Wide Range of Trading Assets
Unlike platforms that focus solely on a single asset class, CastilloTrade allows users to trade both cryptocurrencies and traditional stocks. This flexibility enables traders to diversify their portfolios and mitigate risk by investing in different financial instruments.
Whether focusing on high-growth digital assets like Bitcoin and Ethereum or traditional blue-chip stocks, CastilloTrade provides traders with the tools and insights needed to navigate multiple markets successfully.
The Future of AI-Powered Trading in Canada
As more Canadian traders recognize the benefits of AI-powered trading, CastilloTrade is positioning itself as a market leader in the industry. The platform’s ability to streamline trading, manage risk effectively, and provide real-time market insights makes it a valuable tool for both new and experienced investors.
With financial technology continuously evolving, platforms like CastilloTrade are at the forefront of transforming how traders engage with the markets. The integration of AI and automation ensures that Canadian traders have access to the most advanced tools available, allowing them to trade smarter and more efficiently.
Company Information
Organization:CastilloTrade
Contact Person Name:James brown
Website:https://castillotrade.net/
Email:james@CastilloTrade.net
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Press Release
Harnessing AI and Blockchain to Create Global Wealth – Groupe WS Leads the Digital Finance Revolution
New York, February 28, 2025 – Groupe WS (Wealth Sharing Investment Group) today reaffirms its leadership in the digital finance revolution by unveiling a new suite of advanced financial solutions powered by artificial intelligence and blockchain technology. As global investors navigate an increasingly digital world, Groupe WS is committed to unlocking unprecedented wealth creation opportunities while prioritizing security in an era marked by high-profile cyberattacks.
Recent cybersecurity breaches—including a well-publicized hack of a major cryptocurrency exchange—have sent shockwaves through the financial community, underscoring the critical need for robust protection of digital assets. At Groupe WS, we have turned this challenge into an opportunity to further enhance our systems. By integrating state-of-the-art AI-driven risk management with immutable blockchain protocols, Groupe WS provides a fortified financial environment where customer assets are protected at every stage of the transaction process.
“Our latest suite of digital finance solutions is designed to not only capture the growth potential of AI and blockchain, but also to safeguard our clients against the very real risks that have recently emerged in the crypto world,” said Michael Anderson, Public Relations Officer of Groupe WS. “In light of the recent exchange hack, we have doubled down on our cybersecurity investments to ensure that our clients’ wealth remains secure as we lead the industry forward.”
Key enhancements include real-time threat detection systems powered by artificial intelligence, which continuously scan for vulnerabilities and suspicious activity. Additionally, our blockchain-based ledger technology guarantees transparency and security, ensuring that every transaction is recorded with complete accuracy and immutability. These innovations set Groupe WS apart as a trusted partner in digital finance, dedicated to protecting wealth while creating new pathways to prosperity.
Groupe WS’s commitment to excellence extends beyond technology. Our global team of financial analysts and cybersecurity experts collaborates around the clock to adapt to emerging threats and market dynamics, ensuring that our clients receive the best possible service in a rapidly evolving digital economy.
For further details on Groupe WS’s innovative digital finance solutions and our unwavering commitment to customer security, please visit https://wealthsharing168.com/
About Groupe WS
Wealth Sharing Investment Group (wealthsharing168.com) a été fondé en 2016 à Denver, aux États-Unis. Dans le domaine de l’investissement financier, WS Group a développé une structure industrielle complète couvrant la technologie blockchain, le trading de contrats de cryptomonnaie à court terme, le trading de monnaies numériques et les contrats de monnaies numériques. Ses principaux domaines d’activité incluent les affaires, l’économie collaborative, la recherche sur l’économie collaborative, les investissements industriels, les services financiers, le capital-risque et l’investissement dans les actifs financiers. En tant que fournisseur mondial de systèmes de calcul AI de premier plan, le groupe dispose d’une équipe de centaines d’analystes financiers leaders provenant de plus de dix pays.
WS Group Certifications
- Foundation Certification
- U.S. Foundation Query: https://www.coloradosos.gov/biz/BusinessEntityCriteriaExt.do
- Entity Identification Number: 20248152194
- WS Group Address: 2000 S Colorado Blvd, Denver, CO 80222, USA
- License Certification
- U.S. Financial License Certification (MSB):
- https://www.fincen.gov/msb-state-selector
- WS Group MSB Registration Number: 31000284924638
Contact Information:
Company Name: Wealth Sharing Investment Group
Contact person: Michael Anderson
Mail: group@wealthsharing168.com
Website: https://wealthsharing168.com/
City & Country: New York, United States
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Press Release
AI Quantitative Trading and FinTech Summit to Be Held in Cape Town
As artificial intelligence (AI) continues to advance rapidly, the global financial industry is undergoing a profound transformation. Positioned at the forefront of this revolution, South Africa is embracing AI-driven innovations to strengthen its role as a key financial hub. To explore AI applications in quantitative trading and financial markets, the AI Quantitative Trading and FinTech Summit, jointly organized by the South African Financial Regulatory Authority and Nedbank Securities, will be held on July 3, 2025, at The Westin Cape Town.
This prestigious event will bring together top-tier investors, financial executives, and industry experts, providing a high-level platform for discussion and collaboration. The summit aims to drive South Africa’s FinTech development and solidify its position in the global financial landscape.
AI-Driven Quantitative Trading: Reshaping Financial Markets
The summit will be hosted by Vusi Masango, Senior Economic Analyst at Nedbank Securities, who will delve into how AI-driven quantitative trading is transforming financial markets. AI in quantitative trading has evolved from a conceptual innovation to a widely adopted strategy, leveraging big data analytics, machine learning, and intelligent algorithms to enhance market prediction accuracy and execution efficiency. This shift is fostering a more efficient and intelligent financial ecosystem.
Elon Musk to Deliver Keynote Speech on AI’s Future
A major highlight of the summit will be a special keynote speech by Elon Musk, a visionary leader in AI and technology. He will share his insights into the future of artificial intelligence and its transformative impact on finance, technology, and the global economy. His participation is set to elevate the event’s significance and inspire attendees with fresh perspectives on AI applications.
Exploring AI’s Disruptive Applications in Finance
The summit will also explore AI’s real-world applications in financial markets, including:
- Optimizing Trading Strategies: Enhancing market analysis and execution through AI-driven insights
- Risk Management & Mitigation: Strengthening financial security and stability with AI solutions
- Intelligent Portfolio Management: Leveraging AI for asset allocation and maximizing investment returns
As AI technology continues to mature, traditional financial models are undergoing a fundamental shift. This summit will provide invaluable industry insights and explore how South Africa can capitalize on AI’s transformative potential to enhance its global financial competitiveness.
We extend a warm invitation to financial experts, investors, and industry leaders to join this landmark event and explore how AI is shaping the future of finance. See you in Cape Town on July 3, 2025!
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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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