The ESJV land package comprises 282 claims across 14,700 hectares located 12 kilometers (km) to the south of
A Message from
'As operator of the ESJV we are very keen to advance the project on behalf of the joint venture. This exceptional growth opportunity fits well into our aggressive plan to drive value for shareholders as we continue to pursue the untapped potential of the James Bay Gold Camp in
'We are looking forward to a very busy 2021 with drill results from
A Message from
'The ESJV land package represents an excellent discovery opportunity for Fury and our joint venture partners. Our technical team appreciates the high-quality historical data sets that exist, which we will use to plan and to advance targets to drill stage. The known gold mineralization at the Moni and JT zones demonstrates bulk tonnage potential, which we feel underpins the value of the property; however, the opportunity to explore for undiscovered high-grade mineralization, similar to that found at the Eleonore mine, excites our technical group.'
ESJV Overview
As at
The Eleonore South property is strategically located in an area of prolific gold mineralization within the James Bay Gold Camp and is locally defined by the Eleonore mine and the Cheechoo deposit. The property has been explored over the last 12 years by the joint venture with the majority of exploration focused on the extension of the Cheechoo deposit through approximately 27,000 metres (m) of drilling in 172 drill holes, covering only a small fraction of the property at the Moni and JT zones. Notable drill intercepts include 6.0 metres of 49.50 g/t gold (Au), which included 1.0 metre of 294 g/t Au. Highlights of the historical drilling are summarized below in Table 1.
In addition, the property is covered by 1,836 line kilometres of combined magnetic and electro-magnetic surveys as well as 1,700 line kilometres of high resolution, 25-metre spacing, airborne magnetics over the Moni and JT zonesand 267 line kilometres of ground-based induced polarization surveys, with approximately two-thirds of the property covered by geochemical surveys. These robust datasets will allow Fury to further evaluate the property and rapidly advance targets to drill stage.
Geochemical Targets
There are two large scale gold-in-till geochemical anomalies defined to date that have not been drill tested. Target 1, located in the central portion of the property, is defined by high tenor values of +50 ppb gold along a 5.5 kilometre trend. This anomaly is centered on a clear east-west structural corridor that separates intrusives to the south and sediments to the north and is partially covered by a ground-based induced polarization survey. Due to the limited glacial dispersion of gold-in-tills observed at the Moni and JT zones, Fury's technical team believes that the source area of the geochemical anomaly is locally derived. Target 2, located in the western portion of the land package, is defined by +25 ppb gold values along a 2.5 kilometre trend that separates mafic volcanics from an intrusive complex.
Proposed Programs in 2021
Fury is working with its partners on the ESJV to finalize a 2021 exploration program. Initial discussions have focussed around advancing existing target areas as well as deriving new target areas by integrating all datasets across the project area along with the collection of new data during the 2021 exploration season. The proposed program may include:
Reprocessing and interpreting the existing airborne magnetic and electro-magnetic datasets to advance the structural and geologic framework; Geochemical till surveying across the southern third of the property to complete property wide coverage; Acquiring additional IP data over defined geochemical anomalies to aid in drill targeting and Drill testing between 3,000m and 5,000m at Targets 1 and 2 during Q4 2021.
Contact:
Tel: (778) 729-0600
About Fury
Forward Looking Information and Additional Cautionary Language
This release includes certain statements that may be deemed 'forward-looking statements'. Forward looking information is information that includes implied future performance and/or forecast information including information relating to the growth plans and future results of Fury, and the timing and results of drill programs at
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