Past year: ▼ 9%(74.0c – 1.06 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Nov 2024drilling progress report● Neutral
Finalised six drill targets over more than three kilometres of folded sedimentary stratigraphy at Eleonore South, all in the rock package that hosts Newmont's Eleonore mine. The cached record ends here, with the targets defined and undrilled.
24 Oct 2024drilling progress report● Neutral
Completed the 2024 Committee Bay season - sampling only, no drilling - and declared three targets drill-ready: the Three Bluffs shear that gave 13.93 g/t over 10 metres in 2021, Raven, and a third area. Three years after that 2021 intercept the belt has still not been drilled again.
7 Oct 2024drilling result▲ Good
Outcrop sampling of lepidolite and spodumene pegmatites on the western claims at Eleonore South returned seven of 34 samples above 1.75% lithium oxide, peaking at 4.67%. A new commodity on a gold property, from surface samples over roughly 1,000 by 500 metres.
9 Sept 2024drilling result● Neutral
Ten holes and 3,871 metres across five Serendipity targets produced two intercepts: 3 metres of 12.16 g/t gold in 24SD-009 and 1 metre of 5.27 g/t in 24SD-002, more than two kilometres apart. Eight of the ten holes are not reported as having hit anything worth quoting, so this is a scattering of high-grade points rather than a body.
28 June 2024resource reserve update● Neutral
Filed the technical report supporting May's resource update, confirming the 36% increase in measured and indicated ounces and the 45% increase in inferred, and noting the Eau Claire vein geometry was steepened where new data warranted it.
20 June 2024drilling progress report● Neutral
Sent a rig to the greenfield Serendipity prospect at Eau Claire for about 3,500 metres across three of ten geochemical targets, in the same setting as Percival. Historical holes over 800 metres away had returned 7.9 metres of 1.23 g/t and 12.1 metres of 1.38 g/t gold, in ground with anomaly values half those Fury is now targeting.
13 June 2024capital raising announcement● NeutralMajor
Closed a C$5,000,800 brokered flow-through placement of 5,320,000 shares at C$0.94, led by Haywood with BMO, H.C. Wainwright and Echelon. The price is a third below the C$1.44 flow-through raise of March 2023.
What it means for a shareholder
5.3m new shares at C$0.940 to raise about C$5.0m. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held C$1,000 of shares (1,064 at the issue price), your slice goes from 0.00073% to 0.000704% of the company. To keep it you'd need 39 more shares - about C$37 at the issue price.
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4 June 2024drilling result● Neutral
Seven holes over 2,331 metres at Eleonore South, testing 100 to 125 metre down-dip extensions along 2.3 kilometres of the JT Moni trend, all returned anomalous gold: 137.5 metres of 0.44 g/t and 18.7 metres of 0.97 g/t in 24ES-161, 115.5 metres of 0.50 g/t in 24ES-162, 28 metres of 0.47 g/t in 24ES-160. Wide but low grade - bulk-tonnage style in the Cheechoo tonalite, an order of magnitude below Eau Claire's grades.
14 May 2024resource reserve update▲ GoodMajor
Updated resource for Eau Claire and a first resource for Percival: combined 6.39 million tonnes at 5.64 g/t gold for 1.16 million ounces measured and indicated, plus 5.45 million tonnes at 4.13 g/t for 723,000 ounces inferred. That adds 307,000 confident ounces (up 36%) and 223,000 inferred ounces (up 45%) on the prior estimate, with the new ounces coming from the Hinge target, the Gap Zone and the eastern extensions - the three areas drilled since 2021. Percival contributes inferred ounces only.
14 Mar 2024asset acquisition disposition▲ Good
Sold 5,450,000 Dolly Varden shares at C$0.735 for C$4,005,750, taking Fury to about 19.99% of that company and, after Dolly Varden's own offering, to about 18.99%. Below 20% Fury is no longer a control person.
13 Mar 2024drilling result● Neutral
The last five 2023 Percival holes: a 115-metre step-out west returned 15 metres of 0.88 g/t gold including 3 metres of 2.81 g/t, a 75-metre step-out gave 18 metres of 0.50 g/t, and a hole testing the plunge of the 2022 high-grade intercept returned 14.50 metres of 1.05 g/t. Mineralisation extends, but at roughly a tenth the grade of the 8.05 g/t intercept it was chasing.
6 Mar 2024asset acquisition disposition▲ Good
Appointed Haywood to sell up to 5,450,000 Dolly Varden shares at C$0.735 for up to C$4,005,750 in off-market transactions, to fund exploration at Eau Claire and Eleonore South. The second sale from the Homestake stake, this time at nearly double the C$0.40 of October 2022.
5 Mar 2024drilling progress report▲ Good
Biogeochemical sampling at Eleonore South found a gold anomaly up to 200 times background over an interpreted fold nose in the Low Formation sediments - the same rock package that hosts Newmont's Eleonore mine. Sampling only; drill targets to follow later in 2024.
1 Mar 2024joint venture update▲ GoodMajor
Closed the purchase of Newmont's Eleonore South interest and its Sirios shares, which represent 10.9% of Sirios and trigger an early warning report. The joint venture that came with the 2020 Eastmain acquisition is now wholly owned.
26 Feb 2024joint venture update▲ GoodMajor
Agreed to buy Newmont's 49.978% of Eleonore South for C$3 million, plus Newmont's 30,392,372 Sirios Resources shares for C$1.3 million, taking Fury to 100% of the project. Eighteen months after buying Azimut's minority for C$1.2 million, Fury has bought out its major-company partner as well.
6 Feb 2024drilling result▲ GoodMajor
Final results from the 12,000-metre 2023 Hinge programme: 17.62 g/t gold over 3.5 metres including 29.80 g/t over 2 metres, within 135 metres of surface and open both upward and to the west, plus 8.5 metres of 3.35 g/t and 3.5 metres of 5.49 g/t. Near-surface high grade matters more than depth for a project of this size.
17 Jan 2024drilling result▲ GoodMajor
Fourth batch from the 2023 Hinge drilling: 31.77 g/t gold over 3.5 metres from 23EC-077, 65.30 g/t over 0.5 metres and 14.25 g/t over 1 metre from 23EC-074, and broader intervals of 2.56 g/t over 7.5 metres and 3.41 g/t over 6.5 metres.
28 Nov 2023drilling result▲ Good
More Hinge infill: 5.5 metres of 4.52 g/t and 3 metres of 3.34 g/t from 23EC-069, 1 metre of 20.20 g/t and 3.5 metres of 3.51 g/t from 23EC-070, and single-metre intercepts of 19.55 g/t. About 19,000 metres in 31 holes drilled, with eleven more holes' assays outstanding.
6 Nov 2023drilling result▲ GoodMajor
A 70-metre step-out at Percival Main, hole 23KP-015, cut 279 g/t gold over 1.5 metres along with 5 metres of 2.68 g/t and 7.5 metres of 2.31 g/t. The three holes testing the westerly continuation of the December 2022 intercept of 13.5 metres at 8.05 g/t were far weaker - 22.5 metres of 0.52 g/t, 19.5 metres of 0.66 g/t - so the high grade did not carry west as hoped.
3 Oct 2023drilling result▲ Good
Two infill holes at the Hinge target returned 3.5 metres of 5.73 g/t gold and 7.43 g/t gold over 2.5 metres within 4.5 metres of 4.65 g/t. The assays also report tellurium at 11.27 and 8.72 g/t, a pathfinder the company had not previously quoted.
3 Aug 2023drilling result▲ Good
First three holes of 2023 at the Hinge target returned 5 metres of 3.6 g/t gold within 14 metres of 2.37 g/t, plus 6.5 metres of 2.66 g/t, 6 metres of 2.77 g/t and 1 metre of 10.35 g/t, pushing the target 50 metres further out. This year's drilling is aimed at supporting a resource update at the end of the season.
10 July 2023drilling progress report▲ Good
Restarted drilling at Eau Claire and Percival about five weeks after the fire evacuation order was eased.
5 June 2023drilling progress report▼ BadMajor
Stopped all work at Eau Claire and evacuated crews after Quebec's Minister of Natural Resources ordered every mining exploration activity in the territory to halt because of wildfires. An outside interruption to the drill season, not a geological or funding problem.
31 May 2023drilling progress report● Neutral
Mobilised a second rig to Percival for about 5,000 metres to chase the high-grade mineralisation west and down dip and test some of fourteen priority targets along the trend. The same release discloses that chief financial officer Lynsey Sherry is leaving on 23 June, with controller Phil Van Staden stepping up on an interim basis.
13 Apr 2023drilling progress report● Neutral
Started the 2023 programme at Eau Claire with 10,000 to 15,000 metres on the Western Hinge, Gap Zone and North Limb targets, Percival drilling to follow in the second quarter.
11 Apr 2023drilling progress report● Neutral
Planned 15,000 to 20,000 metres at Eau Claire for 2023, split between expanding the resource, following up the Percival results and advancing Cannard Deformation Zone targets to drill-ready.
23 Mar 2023capital raising announcement▲ GoodMajor
Closed a C$8,750,160 bought-deal flow-through placement of 6,076,500 shares at C$1.44, underwritten by a syndicate led by Haywood with Beacon, BMO and H.C. Wainwright. At C$1.44 this is nearly double the C$0.80 of April 2022, and the flow-through structure means the money must be spent on Canadian exploration.
What it means for a shareholder
6.1m new shares at C$1.44 to raise about C$8.8m. That's 4.2% dilution: every existing holder's slice gets 4.2% smaller. If you held C$1,000 of shares (694 at the issue price), your slice goes from 0.000498% to 0.000477% of the company. To keep it you'd need 30 more shares - about C$43 at the issue price.
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13 Feb 2023drilling progress report● Neutral
Soil sampling at the wholly owned Lac Clarkie ground east of Eau Claire defined eight gold targets, six of them along the Cannard Deformation Zone that also hosts Eau Claire and Percival, none yet drill-ready.
23 Jan 2023drilling result▲ GoodMajor
Final three holes of 2022 at the Hinge target, including 22.77 g/t gold over 1.5 metres. Across the eleven Hinge holes drilled so far the company puts the hit rate at nearly 55% above the underground measured and indicated grade of 6.3 g/t gold and over 80% above the 2.5 g/t cut-off - a hit rate stated by the company, and the clearest measure yet of how well the target is working.
21 Dec 2022drilling result▲ GoodMajor
Eight holes at Percival, 14 kilometres east of Eau Claire: an 85-metre step-out returned 13.5 metres of 8.05 g/t gold including 3 metres of 25.8 g/t, and a 150-metre step-out gave 7.5 metres of 4.38 g/t. The high-grade core plunges steeply west and is open in all directions - the first time the second mineralisation style has produced grades comparable to the main deposit.
