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Because our plan is to hopefully get
to two million ounces by year end is

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our goal. We got these three
out, we've got to wait a little

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while because we've got that gap.
You know, we've got a strong balance

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sheet right now. We've got twelve
million in cash and the treasury, and

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you know we've budgeted to end the
year with six million hard dollars in cash.

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The Financial Survival Network now more than
ever, the Financial Survival Network.

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And welcome you are watching listening to
the Financial Survival Network. I'm your host,

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Kerry Lutz. Hey, we're bringing
you a sponsor update from Fewery Gold

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Mines. And of course CEO Tim
Clark and Senior VP of Exploration Brian Atkinson

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are with us. And hey,
good news today. We got the first

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three holes results of the first three
goals of the twenty twenty three drill program

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today and I knew you are encouraged. Yeah, carry that. We're glad

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to get them out. Um.
Look, we try to kick off our

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year a little early this year,
and we thought we got ahead with our

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financing, got out into the field
early, and then of course these Fords

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fires really sort of set us back. But we got three three drill holes

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that we put out today. You
know, it's our it's on the hinge,

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which is what our big focus has
been, and we're trying to extend

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it out a little bit as well
as do some resource drilling because our plan

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is to hopefully get to two million
ounces by year end as our goal.

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And uh so we got these three
out, We've got to wait a little

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while because we've got that gap.
We lost a month. But Brian can

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talk about you know what kind of
traction we're getting right now, which seems

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to be really good. And you
know, our focus really this year is

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about discovery, a new discovery,
and we've we've we're going to hit the

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ground with this these anomalies that we've
got out on the eastern side of Percevale

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as well as Percevale. So we're
excited to be in front of what we

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see as four to five months of
droll results. Hey, so, I

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know when you came on as a
CEO, you expect to face challenges,

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you expect to have to put out
fires, so to speak. But you

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bet you literally thought you were going
to be fires, did you. Well

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no, uh, it's um you
know, unfortunately, So what's what's what's

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happened in the world these days,
you've got to be prepared. We were

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fortunate not to be too close,
but we you know, our thoughts go

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out to all those who were and
you got to live your own sort of

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day. And so we're back at
it and another hurdle. I think.

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Let's hopefully they've got them under control
and there's not gonna be a problem for

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the rest of the year. As
far as the last years, you're right,

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Um, look we've had We've had
to dig ourselves out of a hole

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in terms of financing. We've done
that in spades. We've got another year,

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a good program set up in front
of us. We had a nice

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hit at the Perceval and the last
year that I think is going to tee

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us up. And you know,
we've been advancing ourselves in terms of our

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relationships with some of the producers,
working with Newman and the joint venture,

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trying to figure out, you know, the best course of action there as

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well as you know, leading into
you know, advice and partnerships with Agneco

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who owns two and a half percent
of us. And you know, we're

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trying to build a company here and
it and it takes a lot We've got

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our cost them almost fifty percent since
I started, So um yeah, and

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I think we're we're doing better than
ever we our optionality. We just had

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a board of directors visit up to
site last week, and I think that,

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you know, there's there's always risk
in this space. Uh, it's

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funny. I just don't I don't
feel like it's that risky because we've got

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a path in front of us and
we've got a lot of options. You

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know, Dolly Varden is still a
potential takeout. They've got four or five

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drills going to summer. So you
know, some people said, you know

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you're you're not drilling, and I
said, well, actually eighty percent of

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our market cat is drilling and they've
got four or five drills, and so

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you know, we're excited to see
what they have to say. What I'm

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hearing is is positive and m and
then we've also got potential to really shore

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up. We've got a persevale.
We've got potential to hit what I think

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could be two million ounces by year, and is the hope. We don't

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we're not going to guarantee it obviously, because we still got to figure out,

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you know, where all the gold
is, but I think there's a

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path to get there. At the
same time, we've got potential for new

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discovery in these anomalies on our property. And you know, we've got a

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strong balance sheet right now. We've
got twelve million in cash and the treasury.

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And you know we've budgeted the end
of the year with six million hard

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dollars in cash after all project drilling. And I think that's a big plus

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for a junior company, oh for
sure. And you've got the optionality with

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the dollar of Arden's Steak as well
to leave you in twenty five percent of

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Dolly Vardon. And so you've got
a lot of a lot of possibilities here.

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Hey, Brian, tell us the
results, how it conforms to your

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model, and as far as continuity
of results from prior years and what if

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any changes of the current results will
lead to Yeah, perfect, No,

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These first three goals have really helped
us solidify the plan for this year.

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We've proved up the continuity of our
model. We've stepped out additionally, we've

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some with two of the holes,
and we get some intil with one of

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the holes. Our grade our model
that we've got of our veins going out

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there we're hitting nineteen veins and two
corridors that are coming through, and as

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we're drilling these, we're like,
oh, you know, at that bench

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be coming in it five hundred and
five meters and you know, most it

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is coming in it, you know, a meter or two off of that

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with our model. So we're really
good on that, and it's really just

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helping us that, you know,
drive forward with confidence on on the old

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Claire drilling at the hinge target so
that we can you know, we can

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focus a lot of our geological brain
power looking out at Percy Vowel and some

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of the targets out there looking for
a new discovery. So with a clipbook

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player behaving so well and and conforming
to the model that we've done, it

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lets us, you know, take
that step back from the hinge while still

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obviously focusing and giving attention it needs, but you know, giving giving Percy

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vllel a lot of room to run
with us as well. Yeah, and

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you got some you got some nice
grades there too. Yeah, it's good

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grades. So what's really interesting as
we go into the end of some of

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these wits, like we're getting grades
above cut off over fourteen, you know,

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six, six, meters to fourteen
meters. They're all above cut off

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with some higher grade internal intercepts within
those, so we don't see those kind

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of widths within the main part of
the deposits. So we're really encouraged there

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when we you know, we looked
at the western side of the hind,

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we've got really good wits and on
the eastern side. You remember from twenty

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twenty one we were drilling you know, yell eleven and a half grams over

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seven meters and twenty three grams over
six and a half meters out there,

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right, So it seems the PERP
praise where we've really stepped out. We're

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starting to see some really wits to
the mineralization that are holding together, which

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is really encouraging as we keep stepping
forward and trying to grow this right.

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As far as the fire related delays, I know, it's such a back

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a few weeks. What are you
anticipating for the entire drill season. Is

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it going to be a factor or
not. Well, you know, obviously

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it was a concern when we were
going back in, but our drill contact

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has been just absolutely ripping it the
last two weeks. I'm just actually coming

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out of from being up on site
two for the last two weeks. And

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you know, we're getting our meter
per day average back up to uh to

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where we are in our target goal
versus our actual goal of meters. It's

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going to be crossing here pretty soon. So even though we had a four

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week delay, I think, you
know, we're going to be catching out

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two actual here pretty quickly. The
way the guys are drilling right now,

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all right, Well, that's what
we like to hear. It's like when

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the plane takes off late. You
always want to hear that cap to say,

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worry, get there. Oh it's
it's uh, it's amazing carry.

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These guys are are crushing right now. And I think it's you know,

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there's such a learning curve when you
get up and you get a new you

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know, a new crew with fresh
as the season, or an old crew.

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They've got still got to get it
fine tune. And Brian's been a

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camp for the last couple of weeks, and I know David Voar was in

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Camp three for the three weeks prior
to that, and uh, these are

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our two key guys and they're they're
on the administrative corporate side of things.

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You got a new chairman and and
he brings a lot of experience and another

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Brian for me to keep track of
here. Yeah, we got Hyeah,

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Brian Christie and Akin. So Brian
Christie is our new new new chair He

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joined the board last winner and uh
we moved him into the chair position in

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the spring. He comes from eight
to ten years of working with Agnico Eagle.

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Prior to that he was a cell
side analyst for many years, and

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before that he was a banker.
But he's a he's a geologist by training

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and I used to work with him
at National Bank about fifteen or twenty years

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ago. We remained extremely close and
good friends and compared my My sort of

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interest in having Brian step up was
really he's got a real great understanding about

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um investment banking. We needed that
on the board, plus his institutional knowledge.

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He's really walked around with Seawan Boyd
at a Nicoegal around the world the

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last eight to ten years and met
every even or public manager in the world,

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and he was ranked one of the
top I R guy at at Nicoligo

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probably for the last half years.
I's gotten many awards for that and it's

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a good sort of even keeled guy
that I think investors would be happy to

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have setting strategy and and and sort
of overlooked. I um, he's also

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chairing the technical committee, so maybe
Brian, you want to comment on what

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you think. Yeah, he's definitely
been a great a distance to the team

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and uh he he doesn't let us
off the hook easy, so he grills

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at us hard. We just had
the most of the board with a deception

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exception of Saga Williams. The rest
of the board was up on site the

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other week and yeah, there was
some hard questions coming to those guys.

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So it's it's really good to see
and he's a great out to the board

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and having that technical oversight on the
technical committee as well is really really nice

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for us to be rolling through and
we can learn from him and he's seen

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a lot more deposits and you know, any of us throughout his career,

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so it's it's good adding that experience
to us. So too, on the

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institutional side, which we've been in
a market really dominated by institutional interest,

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retailers are still stoic. They're indifferent, to put it charitably, Well,

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liston goal prices still remains high.
It's just it's the interest in the equities

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that I think has lagged. Um, you know, I think everybody's waiting

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for the FED to ease on rates. And we'll see when the really knows

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00:11:58,879 --> 00:12:01,919
for sure. But we're whole full. We think it's going to happen.

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It's it's inevitable. Um. And
with that in mind, I also I

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look, I've been in this industry
long enough, uh to see a couple

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of cycles, and you want to
buy at the bottom of the cycle,

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at the best companies that are there. And what we've tried to do is

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position ourselves to be that company.
We're one of the few US listed junior

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names as well. It's definitely adds
to our our workload. But but we

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feel that when the market turns,
um, you know, we're gonna we're

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00:12:35,799 --> 00:12:39,919
gonna get the additional US interest that's
really going to push the stock a lot

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higher and a lot faster. And
um, so we're ready. We're we're

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kind of you know, I think
we need a little luck at the drill

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bed like everybody, and uh,
we're often running yeah, well, hey,

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00:12:54,039 --> 00:12:56,519
you live or die by the drill
bit. As somebody once told me

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a wiser person than I And obviously
this is the track. So one final

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00:13:03,080 --> 00:13:07,679
question, Broight, So two rigs
going one on Purse of All. Just

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00:13:07,799 --> 00:13:13,240
refresh us a little bit on Purse
of All. Where we were at as

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00:13:13,240 --> 00:13:16,360
of the end of the last drill
program in twenty twenty two. Yeah,

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00:13:16,399 --> 00:13:20,279
I know, we uh, we
had really good success out there in twenty

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twenty two. You've got five holes
we've put into the Purse of All main

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part of the Personell Marlee system.
They'd all hit really good grades and obviously

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we had the last hole out of
there with thirteen thirteen a happy years it

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00:13:33,200 --> 00:13:37,279
just over eight grams. So obviously
that's been our focus early on following up.

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We're just finishing up the third hole
out there to start off the program,

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and then we've got four holes completed
since our return from the forest fire

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breaks there at Eau Claire, So
you know, we've got seven holes kind

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of starting to make their way through
the lab and it should be pretty exciting

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time throughout the rest of the summer
and into the fall here and the labs.

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00:14:01,440 --> 00:14:05,240
All the delays or the bulk of
the delays are behind us now,

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00:14:05,320 --> 00:14:09,480
correct, It does seem that way. Yet we were even able to you

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00:14:09,519 --> 00:14:13,960
know, get some samples in one
priority run through and they look like they're

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00:14:13,960 --> 00:14:18,720
progressing nicely through there. So yeah, overall we're down to three or four

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week turnarounds all in at the lab. So it's nice. That's great.

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00:14:22,440 --> 00:14:26,759
I guess they decided they had to
get back to work finally. And just

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00:14:26,840 --> 00:14:31,080
like you go to the supermarket and
the pharmacy, you're not seeing huge gaps

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00:14:31,159 --> 00:14:35,879
on the shelves, the same thing
with the labs. They're starting to actually

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00:14:35,080 --> 00:14:39,320
produce. That's a good sign.
Yeah, listen, it's all coming together.

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00:14:41,279 --> 00:14:43,519
You know, everybody's had a nice
summer probably and then but it's coming

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going to come to close the next
three weeks, and I think it's going

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to be a really interesting fall.
All right. Well, we're into interesting

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falls for sure, interesting results and
a very encouraging drill results here for Fury

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00:15:01,600 --> 00:15:05,399
Gold Mines. Make sure you go
over to their site Fury Goldmines dot com

201
00:15:05,480 --> 00:15:09,159
sign up for notifications so you will
get the latest drill results as they're released.

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I know I'm holding by shares in
Fury, hoping for a major run

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up soon. We're getting to that
seasonal time of the year where where the

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sector will normally go up on its
own. Hopefully this time won't be different

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than any other. I doubt that
it will, maybe maybe less different than

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the will the others. Hey ticker
symbols US and Canada. Fury fu ry

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gentlemen, Tim Brian, thanks so
much for coming on. Jerry, It's

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great to see you again, Doctor
Say thanks much. Scarry Yea, the

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Financial Survival Network