Fury Extends Percival Mineralization 115 Metres to the West

VANCOUVER, BC / ACCESSWIRE / March 13, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce results for the five remaining 2023 core drill holes from the Percival Prospect, located 14 kilometers (km) east of the high-grade Eau Claire gold deposit in the Eeyou Istchee Territory in the James Bay region of Quebec. Drill hole 23KP-016 targeted a 115 metre (m) step out from drilling on the western flank of the known Percival Main mineralization and intercepted 15.0 m of 0.88 g/t Au including 3.0 m of 2.81 g/t Au (Table 1 and Figure 1). A second drill hole, 23KP-014, tested the westerly continuation of the Percival Main mineralization with a 75.0 m step out from previous drilling and intercepted 18.0 m of 0.50 g/t Au (Table 1 and Figure 1). Drill hole 23KP-013 tested the steep easterly plunge of the high-grade intercept from 22KP-008 (13.5 m of 8.05 g/t Au - see news release dated December 21, 2022) and intercepted 14.50 m of 1.05 g/t Au including 1.0 m of 10.70 g/t Au (Table 1 and Figure 1). Importantly, drill hole 23KP-016 is the westernmost hole completed to date at Percival Main which remains open in all directions.

Two drill holes, 23KP-018 and 23KP-017, targeted geophysical and geochemical anomalies 250 m and 500 m respectively to the east of Percival Main. Though broad zones of sulphide rich silica breccias were intercepted in both drill holes, only narrow low-grade results were returned (Table 1 and Figure 1). No further work is planned for these target areas.

In 2024 Fury plans to explore further to the east along the Percival Trend up to Serendipity where infill biogeochemical sampling has refined 10 robust targets to drill ready stage. Individual anomalies are up to 150x background values in gold and correlate well with known structures, including the Cannard and Hashimoto Deformation Zones as well as sub parallel shears and folds associated with these regional controls on gold mineralization (Figure 2).

"As we conclude our drilling results for last year's program, we feel that Fury has done an excellent job expanding the Eau Claire Resource and improving the potential pipeline for new discovery on the property. Combined with the recent acquisition of a 100% ownership stake of the Éléonore South project, the company now has more breadth of exciting targets to pursue this coming year," commented Tim Clark, CEO of Fury. "Looking forward, the upcoming milestones for Fury will be to release a 2024 exploration plan and a mineral resource update of the Eau Claire Resource by mid-April."