Fury Gold Mines Limited Acquires a Majority Interest in the Éléonore South Project

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced the purchase of 49.978% of Newmont Corporation's interests in the Éléonore South project for an amount of C$3M. The transaction also includes the acquisition of 30,392,372 shares of Sirios Resources Inc. held by Newmont, for C$1.3M. This transaction is expected to be finalized in late February or early March 2024. Tim Clark, CEO of Fury, emphasizes the importance of this consolidation to increase exploration and potentially returns for investors.

The Éléonore South project stands out for its strategic location and its potential for gold mineralization, offering two distinct styles: structurally controlled quartz veins and disseminated gold mineralization linked to intrusions. Undrilled gold anomalies remain a priority for Fury. Bryan Atkinson, SVP Exploration at Fury, expresses his enthusiasm for the project's exploration in 2024, highlighting Fury's systematic and disciplined approach to its exploration journey.

Fury Gold Mines Limited positions itself as a Canadian-focused exploration company, with a commitment to the highest standards in corporate governance, environmental management, community engagement and sustainable mining.