Fury Gold Mines Ltd has announced promising assay results from its ongoing Phase 2 drilling program at the Eau Claire Gold Project, located in northern Quebec. The results highlight high-grade gold intersections, which are expected to enhance the company's geological confidence and resource estimates.

On October 26, 2026, Fury Gold Mines issued a press release detailing the latest findings from its drilling activities. The Phase 2 program consists of approximately 25,000 meters of diamond drilling, aimed at converting Inferred Mineral Resources into higher-confidence categories. This initiative is crucial as it supports the company's goal of advancing its gold project towards development.

Significant drill highlights include:

  • Hole 26EC-131 intersected 14.95 grams per tonne (g/t) gold over 4.25 meters, approximately 60 meters up-dip from a historical hole that previously returned 6.18 g/t gold over 5.05 meters.
  • Hole 26EC-130 intersected 13.15 g/t gold over 1.50 meters.
  • Hole 26EC-132 intersected 6.81 g/t gold over 1.39 meters.
  • Hole 26EC-122 intersected 7.03 g/t gold over 1.50 meters.

In total, 21,857 meters have been drilled in this Phase 2 program, with 46 drill holes completed. The results from these holes will be incorporated into the upcoming update of the mineral resource estimate for the Eau Claire Gold Project.

Tim Clark, CEO of Fury, commented, "The primary objective of this drilling campaign is to increase confidence and ounces into the resource model. Hole 26EC-131 confirms the continuity of high-grade mineralization and further validates the geological interpretation of the deposit. These results, combined with our overall drilling program, continue to support the conversion of portions of the current Inferred Resources to the Indicated category in the next mineral resource update, which will be associated with the pre-feasibility in 2027."

Fury Gold Mines is a well-financed Canadian-focused exploration company that is advancing its 100% owned Eau Claire gold project. The company is committed to maintaining high standards in corporate governance, environmental stewardship, and community engagement.

As the gold and silver ores industry continues to evolve, stakeholders and investors will be closely watching Fury's progress and the implications of these assay results on the company's future resource estimates. The filing does not specify what happens next, but the upcoming mineral resource update is anticipated to be a critical milestone for the company.