Fury Identifies 15 New Targets at Percival Prospect; Mobilizes Crews to Eau Claire
VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Fury Gold Mines Limited (TSX:FURY), (NYSE American:FURY) ("Fury" or the "Company") is pleased to provide an update on targeting at the high-grade Percival prospect at the Eau Claire project located in …
VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Fury Gold Mines Limited (TSX:FURY), (NYSE American:FURY) ("Fury" or the "Company") is pleased to provide an update on targeting at the high-grade Percival prospect at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec as the Company mobilizes crews to resume exploration activities.
Fifteen robust gold anomalies have been identified along a previously unidentified structural orientation through the recently completed biogeochemical sampling program, which covered six and a half kilometres of prospective folded stratigraphy (Figure 1). These 15 targets will be the focus of further exploration as the Company prepares to complete a ground based induced polarization geophysical survey to image the sulphide-rich silica breccia gold-bearing bodies at Percival.
"Percival has been a priority target for Fury since the acquisition of Eastmain, as it represents considerable exploration opportunities," said Tim Clark, CEO of Fury. "The recent surface work has further confirmed our belief that there could be extensions to the existing great drill results and multiple new potential discoveries, as seen with the 15 newly identified targets. We look forward to completing our geophysical survey in February, which will be the final step in refining these 15 targets before we prepare to drill later this year."
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Percival Prospect
The Percival prospect, located 14km east of the Eau Claire deposit, is currently represented by a 400 metre (m) by 100m mineralized footprint hosted within folded sulphidized and silicified
breccias in an interbedded volcanic and sedimentary sequence (Figure 2 and Figure 3). Historical geochemical surveys did not image the shallow gold mineralization represented by historical
drill intercepts of 93.1m of 2.22 g/t gold, 9.0m of 6.26 g/t gold, 8.5m of 7.13 g/t gold and 2.0m of 8.47 g/t gold. An orientation survey, conducted in 2020 was able to successfully detect
the gold mineralization at Percival through biogeochemistry sampling (see news release dated February 10, 2021). A recently
completed survey covering 6.5km of prospective stratigraphy along the Percival trend identified 15 discrete gold anomalies with associated pathfinder elements (+/- As, Pb, Zn) (Figure 1). Two of
these anomalies were previously known prospects, Percival and Carodoc, the remaining 13 anomalies are new occurrences of gold and associated pathfinder mineralization.