Fury Gold Mines is trading 8.1% higher at $0.57 in pre-market trading after announcing significant assay results from its Phase 2 drill program at the Eau Claire gold project and mobilizing a third diamond drill rig.
- The company reported a best-ever intercept at Eau Claire of 7.01 g/t gold over 21.0 meters, including 10.27 g/t gold over 11.0 meters, confirming the continuity and quality of mineralization.
- In response to these positive results, Fury Gold Mines is adding a third drill rig to accelerate its Phase 2 drilling program, aiming to upgrade inferred resources and expand indicated resources.
- The announcement of these strong drill results and increased exploration activity at Eau Claire, rather than the Committee Bay drilling, appears to be the primary catalyst for today's stock movement.