Fury Commences Drilling at Committee Bay Project in Nunavet Supprise...Suprise...Suprise..... Did not see this coming!!!!!!!
https://stockhouse.com/news/press-releases/2021/07/14/fury-commences-drilling-at-the-committee-bay-project-in-nunavut
Fury Commences Drilling at the Committee Bay Project in Nunavut
TORONTO, ON / ACCESSWIRE / July 14, 2021 /Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce that it has commenced drilling at its Committee Bay project in the Kitikmeot region of Nunavut. Fury controls a 270,000-hectare land position, which is situated across a 300-kilometre (km) greenstone belt, with multiple high-grade target centres. The Company's 5,000-metre (m) drill program is designed to expand the defined high-grade mineralization at the Raven prospect, which has historical drill intercepts of 2.8m of 31.1 g/t gold and 5.49m of 12.6 g/t gold [1], and test the potential below the current resource at the Three Bluffs deposit. Fury also plans to conduct surface exploration work at five targets located in the southern half of the belt to advance them to drill stage (Figure 1).
"Committee Bay represents a potential major gold exploration opportunity in Nunavut where some of the larges#_ftn1t global gold discoveries have been made," commented Mike Timmins, President and CEO. "This year's high impact exploration plan has been designed to test significant extensions of high-grade mineralization at both Raven and Three Bluffs, as well as advance several high priority targets on the belt to drill stage. We are very excited about this year's program as Raven has some of the best historic drill results on the entire greenstone belt and sits on a mineralized 8km shear zone."
Raven Prospect Overview
The Raven prospect is located in the southwest third of the Committee Bay gold belt approximately 40km west of the Three Bluffs deposit (Figure 1). It is situated along an 8km long shear zone where defined gold mineralization occurs in quartz-arsenopyrite veins in highly sheared gabbros and mafic volcanic rocks over a strike length of approximately 1.2km (Figures 2 and 3). Raven has a total of nine historical drill holes totaling 1,670m over a drilled strike length of 400m. The drilling has defined a high-grade body of mineralization approximately 250m in length, with a 30-degree plunge to the east that is open along strike and down dip (Figure 3).
Fury plans to drill the Raven prospect through aggressive step outs up to 500m down plunge from historical drilling to demonstrate the scale of the system and to explore the entire length of the 8km shear zone to define new targets through systematic till sampling and geological mapping.
Three Bluffs Deposit Expansion Drilling
The Three Bluffs deposit is a high-grade resource defined by 524,000 oz. at 7.85 g/t gold in the indicated category and 720,000 oz. at 7.64 g/t gold in the inferred category[2]. High-grade mineralization at the deposit is associated with high conductivity responses due to the intense sulphidization of the banded iron formation. Fury's primary target at the deposit is a conductive body that measures 600m by 200m at a vertical depth of between 300m and 500m (Figure 4). The target is down dip from high-grade mineralization and offsets the following historical drill intersections: 5m of 40.6 g/t gold, 5.3m of 29.03 g/t gold, 11m of 16.23 g/t gold, 5m of 15.2 g/t gold, 2m of 21.81 g/t gold and 2m of 19.38 g/t gold[3]. The Company plans to drill across the entire conductivity body to demonstrate the potential for resource growth at the deposit.
"We are excited to drill for scale at the Raven prospect to demonstrate the true size potential of this early staged discovery within 50km of the Three Bluffs deposit. The technical team is also looking forward to advancing a number of regional targets to drill stage this summer in preparation for the 2022 exploration season," stated Michael Henrichsen, SVP, Exploration.
Figure 1: Illustrates the Raven prospect and Three Bluffs deposit that will be drilled during the summer program as well as the targets that will see surficial exploration work of geologic mapping and till sampling in the southern half of the Committee Bay gold belt.
Figure 2: Illustrates the 1.2km mineralized footprint at the Raven prospect within the larger 8km long Raven shear zone.
Figure 3: Illustrates both long sections and cross sections of the mineralized zone defined by historical drilling at the Raven Prospect. Exploration drill holes are depicted by green circles on the long section.
Figure 4: Illustrates the 600m by 200m conductor that Fury plans to drill test during the summer of 2021 with the aim of expanding the resource at the Three Bluffs deposit.
Michael Henrichsen, P.Geo, SVP, Exploration at Fury, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.
Committee Bay Drilling QA/QC Disclosure
Intercepts were calculated using a minimum of a 0.25 g/t gold (Au) cut off at beginning and end of the intercept and allowing for no more than six consecutive metres of less than 0.25 g/t Au.
RAB Drilling
Analytical samples were taken using 1/8 of each 5ft (1.52m) interval material (chips) and sent to ALS Lab in Yellowknife, NWT, Thunder Bay, ON, and Vancouver, BC for preparation and then to ALS Lab in Vancouver, BC for analysis. All samples are assayed using 30g nominal weight fire assay with atomic absorption finish (Au-AA25) in 2017 and part of 2018 or 50g nominal weight fire assay with atomic absorption finish (Au-AA26) in 2015, 2016, part of 2018, and 2019 and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good accuracy and precision in a large majority of standards assayed.
Core (Diamond) Drilling
Analytical samples were taken by sawing NQ diameter core into equal halves on site and sent one of the halves to ALS Lab in Vancouver, BC for preparation and analysis. All samples are assayed using 50g nominal weight fire assay with gravimetrical finish (Au-GRA22) in year 2016 and with atomic absorption finish (Au-AA26) in 2018 and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good accuracy and precision in a large majority of standards assayed.
Based on the estimated geometry of the mineralized zones, the true widths of the intervals drilled at the Three Bluff deposit are believed to be at approximately 40-75% of the drilled widths. True widths of mineralization outside of the Three Bluff deposit are unknown based on current geometric understanding of the mineralized intervals.
Committee Bay Grabs
Approximately 1-2kg of material was collected for analysis and sent to ALS Lab in Vancouver, BC for preparation and analysis. All samples are assayed using 50g nominal weight fire assay with atomic absorption finish (Au-AA26) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs for rock grab samples using internal standard samples, lab duplicates, standards and blanks indicate good accuracy and precision in a large majority of standards assayed. Grab samples are selective in nature and cannot be consider as representative of the underlying mineralization.
2017 pXRF tills
Samples (~250g) of unweathered till were collected from 20-30cm depth in frost boils at 100m sample spacing. Pebbles (>1cm) were removed in the field. Samples were not collected in areas of glaciofluvial or fluvial reworking. Collected samples were returned to camp to be analyzed in the field. Samples were air-dried, then 50g of sediment was spread over a clean creased paper. Samples were gently shaken to separate and discard coarse sand/pebbles, leaving a fine sand/silt. ~10-20g of this material was transferred to a 2"x3" plastic zip bag, labelled, and analyzed with a benchtop mounted pXRF in Soil Mode for 90 seconds. QA/QC included regular standard samples and field duplicates.