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TORONTO - Fury Gold Mines Limited (TSX and NYSE American:FURY) announced final assay results from its inaugural drill campaign at the Sakami gold project in Quebec’s James Bay region on Monday. The junior gold explorer, currently trading at $0.52 with a market capitalization of approximately $95 million, has seen its shares gain nearly 40% year-to-date according to InvestingPro data.
The 2025 program completed 3,685 meters across seven drill holes, with six targeting the La Pointe Extension zone and one targeting the Juliette zone. Drill hole 25SK-005 intercepted 26.0 meters of 0.71 grams per tonne gold, including 6.5 meters of 1.76 g/t gold. Another notable result came from hole 25SK-007, which yielded 22.2 meters of 0.83 g/t gold.
The drilling expanded the near-surface gold mineralization footprint and confirmed that mineralization at La Pointe Extension remains open at depth and along strike to the west. All reported intercepts are between 50 and 350 meters from surface.
"This year’s drill program at Sakami has delivered valuable geological insight and set a good foundation for evaluating future follow-up work, including the potential estimation of a mineral resource," said Tim Clark, CEO of Fury Gold Mines, in a press release statement. InvestingPro data shows the company holds more cash than debt on its balance sheet, with a healthy current ratio of 8.88, providing financial flexibility as it advances its projects.
The 100% owned Sakami project covers approximately 14,250 hectares along a prospective structural corridor between the Opinaca and La Grande Geological sub-provinces. Gold mineralization has been identified over a distance of more than 23 kilometers within this corridor.
During the 2025 field campaign, the company also completed a soil sampling program 10 kilometers west of La Pointe Extension, collecting 237 samples that identified six structurally controlled gold anomalies for potential follow-up work.
Fury’s technical team is currently developing an updated geological model incorporating the new drill data with the goal of advancing the project toward resource stage.
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