North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Fury Gold has drills turning in Nunavut

Testing high-grade resource expansion, exploration targets North of 60 Mining News – July 16, 2021

 

Last updated 7/22/2021 at 4:51pm

Fury Gold Mines Raven Committee Bay Nunavut Canada Kitikmeot region map

Fury gold Mines Ltd.

Fury plans to complete around 3,000 meters of drilling to test the Raven gold prospect at Committee Bay.

Fury Gold Mines Ltd. July 14 announced the start of a roughly 5,000-meter drill program that will follow up on high-grade gold at the Raven prospect and test the resource expansion potential below the Three Bluffs deposit at its Committee Bay project in Nunavut.

The 270,000-hectare (667,000 acres) Committee Bay property covers a gold enriched greenstone belt that extends for roughly 300 kilometers (180 miles) across Nunavut's Kitikmeot region.

"Committee Bay represents a potential major gold exploration opportunity in Nunavut where some of the largest global gold discoveries have been made," said Fury Gold Mines President and CEO Mike Timmins. "This year's high impact exploration plan has been designed to test significant extensions of high-grade mineralization at both Raven and Three Bluffs, as well as advance several high priority targets on the belt to drill stage."

Three Bluffs, the most advanced target at Committee Bay, lies at the center of this expansive and highly prospective greenstone belt.

According to the most recent calculation, this deposit hosts 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million metric tons of inferred resource averaging 7.64 g/t (720,000 oz) gold.

The primary target of roughly 1,500 meters of drilling currently slated for Three Bluffs is a 600- by 200-meter conductive body that starts at a depth of 300 meters and extends to about 500 meters. This target is down-dip from high-grade mineralization previously encountered, such as five meters averaging 40.6 g/t gold, 5.3 meters of 29.03 g/t gold, 11 meters of 16.23 g/t gold, five meters of 15.2 g/t gold, two meters of 21.81 g/t gold, and two meters of 19.38 g/t gold.

To demonstrate the potential for resource growth at the deposit, the company plans to test the entire conductive body with drilling this year.

The balance of the 2021 drilling will be carried out at Raven, a prospect about 40 kilometers (25 miles) west of Three Bluffs that lies along an 8,000-meter-long shear zone where gold mineralization occurs in quartz-arsenopyrite veins.

So far, systematic exploration has been carried out over 1,200 meters of this shear zone, including the collection of 207 rock samples with values greater than 5 g/t gold, and even one with 143 g/t gold.

Highlights from nine historic holes drilled over a 400-meter area at Raven include:

5.5 meters averaging 12.6 g/t gold.

Fury Gold Mines Raven Committee Bay Nunavut Canada Kitikmeot region map

Fury gold Mines Ltd.

In addition to drilling at Three Bluffs and Raven, the 2021 Committee Bay exploration program will include geologic mapping and sampling of several prospect areas in the southern half of the expansive gold property in Nunavut.

2.8 meters of 31.1 g/t gold.

5.4 meters of 2.99 g/t gold.

Fury plans to drill the Raven prospect through aggressive step-outs up to 500 meters down plunge from previous drilling to demonstrate the scale of the system.

The company also plans to carry out systematic till sampling and geological mapping to define new targets along the entire length of the shear zone at Raven.

"We are excited to drill for scale at the Raven prospect to demonstrate the true size potential of this early staged discovery within 50 kilometers of the Three Bluffs deposit," said Fury Gold Mines Senior Vice President of Exploration Michael Henrichsen. "The technical team is also looking forward to advancing a number of regional targets to drill stage this summer in preparation for the 2022 exploration season."

Author Bio

Shane Lasley, Publisher

Over his more than 13 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

Email: publisher@miningnewsnorth.com
Phone: (907) 726-1095
https://www.facebook.com/miningnewsnorth

 

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