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Bullboard - Stock Discussion Forum 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... see more

TSX:FURY - Post Discussion

Fury Gold Mines Ltd > esjv news???
View:
Post by 612goldy on May 11, 2023 7:49am

esjv news???

 does anyone know when fury is going to start its drilling program in esjv?. Tim Clark said it would start last march and since then no news.WHY
Comment by GoldInsect777 on May 11, 2023 12:28pm
I'm curious about that as well. The most recent interviews I've watched seem to indicate that they are using all 8.75 million of the FT money raised in March for drilling at Eau Claire/Percival. Maybe there has been a behind the scene push to advance Eau Claire due to it being a lower hanging fruit and better chance of success? I'm not sure. 
Comment by Borealiste on May 11, 2023 5:45pm
so if they decide to drill on the jv, would this involve new funding because eau-clair takes 100% of the budget? arch 2023 financing   In March 2023, the Company issued 6,076,500 flow-through shares for gross proceeds of $8,750 (“March 2023 Offering
Comment by GoldInsect777 on May 11, 2023 6:20pm
They shouldn't have to, but nothing would surprise me.  They had 10.3 million in cash as of December last year courtesy mostly of the DV sale. From my understanding, since ESJV is a 50/50 JV, Newmont would match the dollars put into ESJV, so $4 million put into drilling at ESJV should get them approximately the same amount of drilling at Eau Claire. If they couldn't manage to pay ...more  
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