Fury Gold Mines Ltd (FURY)

[molee]

Fury Drills High-Grade Gold at the Eau Claire Hinge Target; Exploration Drilling Resumes at Snake Lake :

TORONTO, ON / ACCESSWIRE / August 4, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to provide results for eight core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec, including results from the Company's deposit drilling and initial results from the western extension targets. Three of the drill holes focused on the previously untested Hinge target at the western limit of the Eau Claire deposit. Significant intercepts included 1.0 metre (m) of 12.81 g/t gold and 8.0m of 1.18 g/t gold, demonstrating that the Hinge target has both high-grade veins and broader zones of mineralization. All three holes encountered stacked zones of quartz tourmaline veining and associated amphibole-biotite alteration in the same iron rich basalt that hosts the current Eau Claire resource (Figure 1).

"We strongly believe that Eau Claire has the potential to expand considerably at the Hinge and Limb target areas, and through drilling along the Snake Lake structure. We are also very excited about our ongoing drill program at the 8km Raven shear zone at Committee Bay, with results expected in September," commented Mike Timmins, President and CEO of Fury. "With four drill rigs turning in Quebec and Nunavut, we are looking forward to a robust second half of the year, with a lot more ounces to be discovered through exploration."

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