Fury Gold Mines Ltd T.FURY

Alternate Symbol(s): FURY

Metals & Mining Gold

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

Fury Gold Mines Ltd

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Post by goldpolkaon Oct 31, 2023 12:13pm

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Post# 35709384

Hecla taking another 5% of DV ...

Just a total guess, but I think Hecla buying another 5% chunk of DV at $0.65 works for both DV and for the hopes of an eventual takeover.

I "think" Hecla can probably buy up to 20% without triggering any takeover issues as a related party (others can comment).

So this is a way for DV to get another $10m for drilling, and Hecla gets a bigger toehold at lower price, if they plan to eventually launch a takeover.

Should be interesting to see what happens !

GLTA

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