Fury Intercepts 32.35m of 1.16% Li2O at the Ninaaskumuwin Discovery

Core Viewpoint - Fury Gold Mines Limited announced positive drill results from its maiden drill program at the Ninaaskumuwin lithium discovery, indicating significant lithium mineralization and potential for further exploration [1][2]. Group 1: Drill Results - The maiden drill program totaled 825 meters in 5 holes, targeting a spodumene-bearing pegmatite outcrop with surface samples showing up to 3.92% Li2O [1]. - Highlights include 32.35 meters of 1.16% Li2O from hole EE24-003 and 22.48 meters of 1.19% Li2O from hole EE24-002 [1][3]. - The lithium mineralized spodumene-bearing pegmatite remains open at depth and along strike, suggesting the need for additional drilling [1][4]. Group 2: Project Location and Infrastructure - The Ninaaskumuwin lithium discovery is located on Fury's 100% owned Elmer East project, covering approximately 45,735 hectares [2]. - The project is easily accessible from the paved Billy Diamond highway, about 60 kilometers north of a rest stop with necessary amenities [2]. - It is situated approximately 50 kilometers north of Rio Tinto's Galaxy Lithium project, which is currently under construction [2]. Group 3: Geological Characteristics - Thick spodumene-bearing pegmatite was intersected in three holes, confirming vertical continuity of lithium mineralization to 150 meters below the surface [4]. - The pegmatite is composed of quartz, plagioclase, potassic feldspar, and spodumene, with spodumene observed as large elongated crystals [6]. - Geophysical and geological mapping indicates a potential strike length of up to 3.8 kilometers for the spodumene-bearing pegmatite [5]. Group 4: Management Commentary - The CEO of Fury expressed satisfaction with the drill results, highlighting the value created through the acquisition of Quebec Precious Metals and the potential for further exploration in the James Bay region [2]. - The Senior Vice President of Exploration noted the encouraging initial results and the strategic location of the discovery near established infrastructure [10].