We've had three years of drilling. We've had a fair amount of success.
You know, we've been drilling effectively, so we know we're getting more meters
for what we projected, and we're coming in at lower costs. These are
all the right things that you want to hear a company doing the Financial Survival
Network now more than network, the Financial Survival Network, and welcome. This
is Financial Survival Network. I'm your host, Carrie Lutz. Hey, we're
getting a really exciting update from our sponsor, Fury Gold Mines. The CEO
Tim Clark is with US SVP of Exploration, Brian Atkinson, just got results
from three drill holes person all Maine. Brian. They are quite significant,
aren't they. Yeah, definitely. You know this of all fifteen gave us
one of the you know, the third highest inns ever on the on the
entire old Player property and obviously the highest ought at Percy val It's on the
easternmost end of Bersty Valve, which leaves it wide open for next year going
forward. You know, some really good other hits in. They're going to
get washed out by when you start talking about two hundred and seventy nine grams
gold over one point five meters, but this other good hits in there too
that have you know, eleven and a half grams over a meter and a
half. We've got zero point eighty six grams over forty eight and a half
met forty eight and a half meters. So we're seeing some really broad zones
of mineralization, some extremely high grades and it's all just leading us, you
know, to continue to explore out there. Do you have any indication of
what the underlying structure is there and you're getting close to something really major?
Yeah, we're definitely learning as we go. The geology out there is quite
complex, but when we modeled out this year's starting it was along a nice
place and we've been hitting the mineralization along the plane, so it's really well
behaved sort of late structural controls, and as we get our heads wrapped around
that, it's it's going to help with them mootdeling. So as we go
on to next year when we do the Eau Claire resource update, we'll be
putting out a maiden resource here at Bercy vall as well, just to kind
of quantify, you know, it's overall potential out there. So this is
this is basically what you live for here. I realized market hasn't given any
respect yet. But the results here are extraordinary. Look, everybody's been asking
us when our drawer results are coming, and here you go, this is
it. This is four times better than the whole we got last year.
The scent of stock up one hundred percent. So what's changed? And maybe
it's the market, but we've hit We've taken ten holes out of Perceval put
Golald and all of them I've not got one but two really great holes out
of it and it's wide open. And and as when you look back at
the Eau Claire resource, we're going to do a resource update this year.
We focused on the Hinge because we wanted to build that out and get as
much into the resource as we could. And uh, but there's still a
couple other holes out there which are big reach outs and a couple of these
anomalies. We've only reported a third of our our our drill results this year
and we've got a lot more to go. At the same time, I
think investors should keep in mind that you know, Dolly Hecla just took another
five percent of Dollie and they've been spending a lot of time with their data
team. I was up at the up at the camp the summer in August
with Phil Baker. They're not buying more because I don't like it, right,
They're buying more because they like it a lot, and and uh Shaw's
doing a great job, and I see a pathway for that happening. I
think what they wanted to get is a little more high grade so they can
justify what they're going to be stunding in Capex. And you know what they're
getting it and they were out on Monday with big news. So and as
far as the investors who are were looking at Fury and Valley Gordon, I
don't know what you're waiting for, because that you've gotten what you've asked for,
and we've gotten still more drill holes coming. Plus we got the resource
update, and I think there's other opportunities for Fury on top of that with
the joint venture. And we've had a great trip out to Beaver Creek this
year. We spent a week doing meetings there as well as Denver Gold and
it was it was great for us. So it was the you know,
we've got a lot of attention, not only investors but also on the corporate
side looking at all of our properties. So this is what you hope for.
Maybe the market's not there by the time you decide to get in.
Uh this this stock could move and you miss. So I just I think
it's it's it's a great time of year to be evolved. Well, we
less spoke. Basically when you deducted the value of Dolly Varden was ten million
dollars. Basically for all of the discoveries that you've made. Now we're to
eight million, and the picture for Fury has only improved. Well, you're
you're it's getting priced going in the bankruptcy. But we've got forty five million
dollars in equity in the company, we got eight million dollars in the treasury.
We're probably one of the top three. I have to assume, and
I've been told this, uh if financed juniors in the sector and the story.
We're at a great position. We're not going out of business. We
got money in the bank. We're excited to see what the drill holes are.
We got five more holes coming out of person Ale and I am looking
forward to in the next year because we're we've got a nice setup for a
lot of positives, right, So speaking of next year, Brian, so
obviously focus is going to be big on Personval. But I remember, I
think it was two years ago I had Michael Henrickson on and we just drilled
the hinge and he was super excited about that. But now perse of all
is kind of eclipsing the hinge, isn't it in a sense? Yes,
But the hint has been delivering really well through this year is where we've been
drilling it, and that's where we're going to see a lot of resource growth
at Euclaire and it still remains open to depth and out to the west as
well, and we've been drilling it back east into the resource this year,
doing some infil for that and it's been delivering some really good results out there
as well. So you know, next year's focus, obviously, we're gonna
be looking at Percy Vaal and out along the Percy Val trend, where we've
got some really exciting anomalies that we were able to follow up on this year
if we drilled two of them. So we're waiting on those results as well,
and then you know next year between Plaier, some of the prospects at
Percy Val and along the pers of all Trent up to Serendipity and then as
Tim mentioned, out of the joint venture at Elie and our south. So
lots of lots of targets. We've been moving things through the pipeline as we're
drilling targets, and you know, all the targets we've been drilling have been
giving so far. So it's a quite exciting time here at Theory. Yeah,
you've been hitting right and left. They give us a little teas as
to the give us a little tees as to the resource update, whatever you
could tell us about it. Obviously it's going to be substantial upgrade. Well,
it's coming out after we get our drill results, so probably sort of
the end of the first quarter. I don't know what the number will be
that you know, the hope is that we're going to at least show a
pathway to get to one point a to two million ounces. And I don't
all know the numbers, so I don't want to hang it out there,
but it's we haven't had an update in five years, and we've had three
years of drilling. We've had a fair amount of success. You know,
we've been dribbling effectively so we know we're getting more meters for what we projected,
and we're coming in at lower costs. Uh. You know this is
this is these are all the right things that you want to hear a company
doing. And I think that the real goal here too is Eau Claire to
me already looks like a big enough to where if you add on some discoveries
like personal and and maybe one or two of these anomalies, We've got thirty
kilometers of this Canard deformation zone and we've only touched part of it. And
all these all these resources and projects and anomalies are all within a kilometer of
this Canard deformation zone and they all have the same geophysical signature and structure and
GEOCM. And you know it's starting. You know, the bigger companies are
going to start paying attention to it at some point. At the same time,
you know, what I think is interesting about Fury is we have a
lot of optionality because it's not just about building a resource. It's not about
just taking a step at perceval or anomenally. But we we've got a lot
more on our on our plate where we've got you know, unique relationships with
some of these big producers as well as some big investors that are coming in,
and we know we can grow where we when we need it, and
but we we certainly would like to get some credit near term for what we've
done. Eventually that's going to come. But the good thing is that,
well, you're anxious for it to come. You want it to come because
that's what you're you're here for, the fact is you don't need for it
to come tomorrow or next week. You've got a little comfort, like you
said, because you're so well capital lized and the optionality play, right,
that's that's Look, it's uh, if you're gonna buy a junior, I
I find I don't know how you I don't know why you wouldn't buias.
I just don't. It's just, uh, we've got a lot of boxes
checked and I think the missing piece was having some high grade discovery and we
got it. Yeah, and you mentioned that previously a couple of times.
You're looking for the high grade here it is, we got it. Hey,
not to mention the gold two thousand dollars just a hair's breath under two
thousand right now. So that's probably going to add to the mix as well.
Well, I think it's going to credate some consolidation next year, and
and we're a hair within you know, I think rates coming down. If
rates come down, Gold's going to bust through that two thousand without even blinking.
So and then it'll flow right down stream from the big the make cap
to the small cap. And when it comes in, it comes in in
a hurry. So you know, I hear, you know, I hear
a lot of guys like they want to trade these names and you know,
you know, buy them in front of the drill results and sell them after.
But you got to remember, the big money is made when you're catching
the big flows coming in in the on a turning point in the macro call.
And I think we're close. I think we're very close. It certainly
feels that way. So Brian twenty four. Obviously it's going to be a
big year, probably bigger than this year because your targets are so much more
refined of doing the same amount of drilling, your emphasis, perseval hinge and
where else are we looking at? Yeah, well, right now we're still
trying to put it all together. We're waiting on as to mentioned, two
thirds of our drill results from this year, but definitely Eau Claire, but
away from the Hinge, you know, looking at other areas. You know,
we've made a big, substantial increase to the resource footprint at the Hinge.
Is there somewhere else Toronto player where we can make as big as an
impact. We think so with the gaps on and the East extension, so
we want to be targeting those. We've got Percy Val. We did some
geochemistry along the Canard deformation zone out to the east and our lack Clarkey property.
Plus we've got you know, thirteen other normalies that along the personnel trend
itself and up up at Serendipity where we did some additional geochemist year as well.
So once all the results sort of filter in and everything, we're looking
at another good year for sure in twenty four. And don't forget the joint
venture because we would have we wanted to go there this year, but we
certainly definitely want to go back next year. All right, So at some
point I'm going to be talking to you, Tim, and everything will have
played out. That was good. They think they're playing out here and you're
gonna have a different It's exciting, it's exciting times. I really believe it.
Yeah, hey, and the companies moving ahead. How many other companies
out there are literally on care and maintenance. You continue to drill, continue
to find the metal and intersect the new zones of mineralization. Got to be
exciting, yea, thanks Kerin. All right, So, hey, go
over to Furygoldmines dot com. Sign up for notifications. You'll get the latest
drill results like we just got here. And of course the ticker symbol in
New York on the New York American and the TSX is Fury f you r
y gentlemen. Thanks for stopping by. We'll be touching base with you again
shortly, I'm quite sure. Thanks Carrie, take care. Thanks very much.
Krry The Financial Survival Network