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Fury Gold Mines Ltd T.FURY

Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based gold exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 23,000 hectares (ha) in the Eeyou-Istchee James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 250,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 100% interest in the Eleonore South project. The Eleonore South project is located in the Eeyou-Istchee James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.


TSX:FURY - Post by User

Post by PeterThomason Dec 08, 2021 1:21pm
158 Views
Post# 34211183

Assay delay details from Sept Q3 MD&A

Assay delay details from Sept Q3 MD&AAssay results are currently pending for fifteen drillholes at Eau Claire: one eastern extension, five western Limb, one western Hinge and eight from Snake Lake; results are pending for four of the five drill holes at Committee Bay. Throughout 2021, the Company has encountered significant delays in receipt of assay results from its Eau Claire and Committee Bay drill programs. These delays significantly worsened during the third quarter of 2021, with assay turn around times of up to ninety days encountered. As a result, the Company temporarily halted the 50,000m drill program at Eau Claire in October 2021.

It looks like another $5-7M raise coming as the $5M from the Homestake divestiture will not be received until late- February.

Ivan and Tiimmy boy pumping the share price like crazy to achieve $1 per share and offset some of the year end tax loss selling pressure over the next 6-8 business days,  Fury has declined like 60-70 % and is one of the biggest losers of all gold explorer-miners.  You have to tip your cap to Ivan for this performance.
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