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Fury Gold Mines starts 10,000-metre drilling program at Eau Claire Gold Project.
ByAinvest
Tuesday, Oct 21, 2025 7:04 am ET1min read
• Fury Gold Mines starts 10,000-metre drilling program at Eau Claire Gold Project. • Two rigs are active at site, focusing on resource growth and mine plan enhancement. • Drilling aims to advance the project to development stage. • Fury recognizes Kipawa rare earths project's strategic importance. • The company will work with First Nations and local communities.
VANCOUVER, British Columbia, September 12, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce the commencement of a 10,000-metre drilling program at its Eau Claire Gold Project in Quebec's James Bay region. The drilling program, which began on September 12, 2025, aims to advance the project to the development stage and enhance the resource base.Two drilling rigs are currently active at the site, focusing on resource growth and mine plan enhancement. The drilling program is designed to provide more detailed information about the mineralization and to support the Preliminary Economic Assessment (PEA) results announced in September 2025. The PEA indicated an after-tax NPV(5%) of $554M and an IRR of 41% at US$2,400/oz gold [2].
The drilling campaign will target several key areas within the Eau Claire deposit, including the La Pointe Extension and the Juliette target. The program is part of a larger 5,000-metre campaign planned for 2025, with five holes targeting the La Pointe Extension and one hole at the previously undrilled Juliette target .
Fury recognizes the strategic importance of the Kipawa rare earths project and will continue to evaluate its potential. The company is committed to working with First Nations and local communities to ensure responsible development and to maximize benefits for all stakeholders.
The 10,000-metre drilling program is expected to provide critical data that will support the Company's efforts to advance the Eau Claire project to the development stage. Fury will continue to update investors and stakeholders on the progress of the drilling campaign and any significant findings.
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