In this sponsor update, Fury Gold Mines’ (🇺🇸FURY — 🇨🇦FURY) CEO Tim Clark and Exploration SVP Bryan Atkinson, shed light on the significant mineralization uncovered at Percival Main. With intercepts 279 g/t Au over 1.5 m, 5.0m of 2.68 g/t gold and 7.5m of 2.31 g/t gold revealed in three critical drill holes, the team is poised to update the resource estimate and announce a maiden resource for Percival within the year.
Despite a current undervaluation in the stock market, Fury stands robust with $45 million in equity, positioning it as a top-tier financed junior in the mining sector.
Clark explored the potential for industry consolidation and the critical nature of capturing significant capital flows at a pivotal moment in the market’s macro cycle. As he observed, institutions/majors are still very active in the sector as witnessed by Hecla Silver’s additional investment in Dolly Varden Silver’s operations. (Fury has a 22% interest DV). In addition, the continuing geopolitical issues has Clark convinced that Fury’s inherent value will be recognized by the market. We agree and continue to hold our position in the company.
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