Fury Gold Mines reports initial inferred MRE for Sakami gold project

Core Insights - Fury Gold Mines has reported an initial inferred mineral resource estimate (MRE) for the La Pointe Extension target at the Sakami gold project, totaling 23.9 million tonnes grading 1.07 grams per tonne of gold, equating to 825,000 ounces [1][2] Group 1: Mineral Resource Estimate - The Sakami gold project MRE outlines 23.9 million tonnes grading 1.07 grams per tonne of gold, for a total of 825,000 ounces [1] - The MRE remains open in all directions, indicating potential for near-term growth to the northeast and southwest, as well as below the current open-pit limits [2] - The initial mineral exploration target at La Pointe is estimated to range between 8.1 million tonnes and 14.7 million tonnes, with grades between 1.57 grams per tonne and 1.11 grams per tonne of gold [2] Group 2: Discovery Cost and Acquisition - The discovery cost of the La Pointe Extension is estimated at less than C$9 per ounce (approximately $6.49 per ounce), which includes acquisition costs and drilling expenses [3] - Fury Gold Mines completed the acquisition of all issued and outstanding common shares of Québec Precious Metals in April this year [6] Group 3: Project Development and Future Potential - The CEO of Fury Gold Mines described the Sakami mineral resource estimate as an exciting milestone and a starting point for the project, emphasizing the potential for growth [4] - The Sakami project covers approximately 14,250 hectares and is located 30 kilometers east of the paved Billy Diamond Highway [5] - During the 2025 drilling campaign, the company completed seven diamond drill-holes totaling approximately 3,685 meters [5]