# Fury Gold Mines Limited: Form 20-F/A - Filed by newsfilecorp.com

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373

Original source: https://www.sec.gov/Archives/edgar/data/1514597/000106299325012149/form20fa.htm

Publisher: research

Original announcement: Unknown date

Analysis by Minestarters Atlas

Atlas analysis published: 2026-11-04T11:33:05.321Z

Atlas analysis updated: 2026-11-04T11:33:05.321Z

- Company: Fury Gold Mines Limited

- Ticker: FURY

- Exchange: TSX

- Region: Northern Quebec

- Primary commodity: Gold

- Secondary commodities: Lithium, Tellurium, Arsenic, Bismuth, Tungsten

- Document categories: Resource update, Drill results, Other, Metallurgy

- Extracted: 2026-11-04 11:33:05 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Fury Gold Mines filed an amended 20-F that updates its mineral property disclosures, including the 2024 Eau Claire resource estimate and the current Committee Bay summary. The filing also repeats earlier drill and exploration highlights for Eau Claire, Percival, Serendipity, and Committee Bay, but it is not a fresh exploration news release. The report states the company has no mineral reserves as of year-end 2024.

Reasoning: This is primarily an annual report amendment that updates mineral property disclosures, centered on the 2024 Eau Claire and Committee Bay resource summaries and related project background. It also repeats selected drill and historical exploration results, but the dominant current event is the resource and property disclosure update rather than a new technical result announcement.

- Positive factor: 2024 Mineral Resource Estimate increased Eau Claire to 1.16Moz gold at 5.64 g/t Au M&I

- Positive factor: Percival maiden resource added 723 koz Au inferred at 4.13 g/t Au

- Positive factor: The report states the resources are accepted as current by the Qualified Person

- Positive factor: Drill results and resource update both point to continued expansion potential

- Negative factor: No mineral reserves are reported

- Negative factor: Inferred material remains a large component of the resource base

- Negative factor: Cut-off grades and open-pit/underground assumptions differ across tables, limiting direct comparability

- Negative factor: Several drill and historical result references are restated rather than new assays

Facts used in scoring: 17

## Classification and evidence

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The Eau Claire technical report summary states it conforms to S-K 1300 and was prepared by a Qualified Person, and the Committee Bay report is also described as a technical report summary under S-K 1300.

Evidence · text

> conforms to SEC's Modernized Property Disclosure Requirements for Mining Registrants

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The report names qualified persons for the mineral resource estimates, including Ms. Valerie Doyon and Mr. Bryan Atkinson.

Evidence · text

> accepted as current by the Qualified Person

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource notes disclose base-case cut-off grades of 0.5 g/t Au for open pit and 2.5 g/t Au for underground, and Committee Bay notes disclose a 0.25 g/t Au cut-off.

Evidence · text

> In-pit mineral resources are reported at a base case cut-off grade of 0.5 g/t Au.

**Free Milling**

Polarity: positive

Story-specific tag

Definition: Simple, clean ore amenable to standard processing without oxidation.

Why it applies: The metallurgy section says the Eau Claire material is relatively free-milling and that gold can be recovered by conventional means.

Evidence · text

> relatively free-milling

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The 2023 Eau Claire drilling is described as infill drilling to tighten spacing at the Hinge Target.

Evidence · text

> designed to tighten up the spacing of the 2022 Hinge Target drilling

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: Éléonore South targeting references geology similar to the nearby Éléonore Mine and the Sakami project is described as adjacent to Cheechoo-Eleonore Trend ground.

Evidence · text

> in a similar geological, geophysical, and structural setting to that of the nearby Éléonore Mine

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Several drill intercepts report downhole widths but do not state true width or drill orientation.

Evidence · text

> intercepted 12.16 g/t gold over 3.0 m

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The amendment restates historical drill, metallurgy and resource material from prior reports rather than announcing wholly new assays.

Evidence · text

> This Amendment No. 1 does not, and does not purport to, amend, update or restate any other information

**Single Domain Only**

Polarity: negative

Story-specific tag

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: The historical metallurgy discussion notes the SGS work was performed essentially on a single master sample.

Evidence · text

> performed essentially on a single master sample

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a mill\_cil route \("concentrator"\)

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

## Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### 24SD-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-drill-facts-16)

Committee Bay · gold

#### Identity

- Hole ID: 24SD-002
- Project: Committee Bay
- Commodity: gold
- Region: canada\_nu
- Reported Region: canada\_nu

#### Geometry

- Grade: 5.27
- Grade Unit: g/t
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 24SD-002:0-1
- Mining Method: underground

#### Location

- Location: Serendipity Prospect
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

Reasoning: This is a positive exploration intercept but on a narrow interval with no geometry disclosure.

- Positive factor: 5.27 g/t gold over 1.0 m is a strong grade for an exploration result

- Negative factor: No true width is stated

- Negative factor: The interval is short and continuity is not demonstrated

Evidence · text

> 5.27 g/t gold over 1.0 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (15)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-0)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:7b3f4f62b982642b194b
- Deposit or zone: Eau Claire

#### Resource Data

- Category: measured
- Tonnes: 1612000
- Grade: 5.67
- Grade Unit: g/t
- Contained Metal: 294000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Measured resource row for Eau Claire shows a substantial, current gold resource with high grade and strong geological confidence.

- Positive factor: Measured resource reported at 1,612,000 tonnes grading 5.67 g/t Au

- Positive factor: Current estimate is accepted by the Qualified Person

- Positive factor: Resource is part of a combined open pit and underground model

- Negative factor: No mineral reserves are reported

- Negative factor: Cut-off and mining assumptions differ from other resource tables

Evidence · table

> 5.67

Context: 1,612,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-1)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:8af38a8e8043e7c032c2
- Deposit or zone: Eau Claire

#### Resource Data

- Category: indicated
- Tonnes: 4781000
- Grade: 5.64
- Grade Unit: g/t
- Contained Metal: 866000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Indicated resource is the largest confidence-bearing component of the Eau Claire estimate and remains robust at similar grade to measured material.

- Positive factor: Indicated resource reported at 4,781,000 tonnes grading 5.64 g/t Au

- Positive factor: Large contained ounce base of 866,000 oz Au

- Positive factor: Current estimate is accepted by the Qualified Person

- Negative factor: No mineral reserves are reported

- Negative factor: Cut-off and mining assumptions differ from other resource tables

Evidence · table

> 5.64

Context: 4,781,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-2)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:efc7539f9f3ad4c798a2
- Deposit or zone: Eau Claire

#### Resource Data

- Category: inferred
- Tonnes: 5445000
- Grade: 4.13
- Grade Unit: g/t
- Contained Metal: 723000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred resource is substantial but lower confidence, so it supports project scale more than near-term engineering certainty.

- Positive factor: Inferred resource adds 723,000 oz Au at 4.13 g/t

- Positive factor: Resource model includes both open pit and underground portions

- Negative factor: Material inferred component reduces engineering confidence

- Negative factor: No mineral reserves are reported

Evidence · table

> 4.13

Context: 5,445,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-3)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:195b1977276586f77097
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: measured
- Tonnes: 1157000
- Grade: 5.19
- Grade Unit: g/t
- Contained Metal: 193000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This open-pit measured slice remains high grade and materially supports the project's near-surface resource inventory.

- Positive factor: Open pit measured resource reported at 1,157,000 tonnes at 5.19 g/t Au

- Positive factor: Contained metal of 193,000 oz supports open-pit scale

- Negative factor: Only one mining-method slice of the resource is shown here

- Negative factor: No reserve conversion is reported

Evidence · table

> 5.19

Context: Measured \| 1,157,000 \| 5.19 \| 193,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-4)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:79c495de3514c6336ac0
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: indicated
- Tonnes: 1291000
- Grade: 4.19
- Grade Unit: g/t
- Contained Metal: 174000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The open-pit indicated component is still sizeable and high grade, though below the measured slice.

- Positive factor: Open pit indicated resource reported at 1,291,000 tonnes at 4.19 g/t Au

- Positive factor: Contained ounces remain meaningful at 174,000 oz

- Negative factor: No reserve conversion is reported

- Negative factor: Only one mining-method slice is shown here

Evidence · table

> 4.19

Context: Indicated \| 1,291,000 \| 4.19 \| 174,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-5)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:014b2bbaada48111601b
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: inferred
- Tonnes: 69000
- Grade: 4.39
- Grade Unit: g/t
- Contained Metal: 10000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a small open-pit inferred slice and is materially less important than the main Eau Claire resource rows.

- Positive factor: Open pit inferred slice is reported explicitly

- Positive factor: Cut-off grade is disclosed

- Negative factor: Very small tonnage relative to the main resource

- Negative factor: Inferred category limits confidence

Evidence · table

> 4.39

Context: Inferred \| 69,000 \| 4.39 \| 10,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-6)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:8f68119fe89669bb870b
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: measured
- Tonnes: 455000
- Grade: 6.9
- Grade Unit: g/t
- Contained Metal: 101000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The underground measured material is high grade and meaningful, though smaller than the open-pit component.

- Positive factor: Underground measured resource grades 6.9 g/t Au over 455,000 tonnes

- Positive factor: Contained metal remains over 100,000 oz

- Negative factor: Still a resource, not a reserve

- Negative factor: Only one underground category slice is shown here

Evidence · table

> 6.9

Context: Measured \| 455,000 \| 6.9 \| 101,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-7)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:4521197871f4b07e9330
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: indicated
- Tonnes: 3490000
- Grade: 6.17
- Grade Unit: g/t
- Contained Metal: 692000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a strong underground indicated resource slice with a large contained ounce base.

- Positive factor: Underground indicated resource is large at 3.49 Mt and 6.17 g/t Au

- Positive factor: Contained ounces are substantial at 692,000 oz

- Negative factor: Still resource-level, not reserve-level confidence

- Negative factor: Only one underground category slice is shown here

Evidence · table

> 6.17

Context: Indicated \| 3,490,000 \| 6.17 \| 692,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-8)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:1be561954826f5790c74
- Deposit or zone: Eau Claire deposit
- Material type: mixed

#### Resource Data

- Category: inferred
- Tonnes: 2566000
- Grade: 6.08
- Grade Unit: g/t
- Contained Metal: 502000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The underground inferred component is sizeable and high grade, but confidence is lower than the measured and indicated slices.

- Positive factor: Underground inferred resource still reports 2.566 Mt at 6.08 g/t Au

- Positive factor: Contained ounces remain above 500,000 oz

- Negative factor: Inferred category lowers confidence

- Negative factor: Still not a reserve

Evidence · table

> 6.08

Context: Inferred \| 2,566,000 \| 6.08 \| 502,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-9)

Percival · gold

#### Identity

- Project: Percival
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:0a035af32e4fbabf4a0e
- Deposit or zone: Percival deposit
- Material type: mixed

#### Resource Data

- Category: inferred
- Tonnes: 2253000
- Grade: 1.81
- Grade Unit: g/t
- Contained Metal: 131000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the maiden Percival resource and therefore novel, but it is entirely inferred and lower grade than Eau Claire.

- Positive factor: Maiden Percival resource is explicitly included in the 2024 update

- Positive factor: Open-pit inferred resource totals 2.253 Mt

- Negative factor: Grade is modest relative to Eau Claire

- Negative factor: Inferred-only maiden resource limits confidence

Evidence · table

> 1.81

Context: Inferred \| 2,253,000 \| 1.81 \| 131,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-10)

Percival · gold

#### Identity

- Project: Percival
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon
- Resource group id: resource:c2d3d7722a5afff63eae
- Deposit or zone: Percival deposit
- Material type: mixed

#### Resource Data

- Category: inferred
- Tonnes: 557000
- Grade: 4.47
- Grade Unit: g/t
- Contained Metal: 80000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The underground inferred portion is grade-supportive, but it remains a maiden inferred resource with limited confidence.

- Positive factor: Underground inferred Percival resource reports 4.47 g/t Au

- Positive factor: Contained ounces are 80,000 oz

- Negative factor: Inferred-only maiden resource

- Negative factor: Smaller tonnage than the open-pit slice

Evidence · table

> 4.47

Context: Inferred \| 557,000 \| 4.47 \| 80,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-11)

Committee Bay · gold

#### Identity

- Project: Committee Bay
- Commodity: gold
- Region: canada\_nu
- Reported Region: Kitikmeot Region of Nunavut
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2023-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Mr. Bryan Atkinson
- Resource group id: resource:1955c4958b1d69f31aec
- Deposit or zone: Committee Bay

#### Resource Data

- Category: indicated
- Tonnes: 2075000
- Grade: 7.85
- Grade Unit: g/t
- Contained Metal: 523835
- Contained Unit: oz
- Cutoff Grade: 0.25
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2023-12-31

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The indicated Committee Bay resource is high grade and large, but it is historical relative to the 2024 amendment and adds little new information.

- Positive factor: Indicated Committee Bay resource grades 7.85 g/t Au

- Positive factor: Contained metal is over half a million ounces

- Negative factor: This is a restated 2023 technical report summary, not a new 2024 estimate

- Negative factor: Cutoff and methodology are from the prior report

Evidence · table

> 7.85

Context: 2,075,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.8 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-12)

Committee Bay · gold

#### Identity

- Project: Committee Bay
- Commodity: gold
- Region: canada\_nu
- Reported Region: Kitikmeot Region of Nunavut
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2023-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Mr. Bryan Atkinson
- Resource group id: resource:278acc01cff005bf0090
- Deposit or zone: Committee Bay

#### Resource Data

- Category: inferred
- Tonnes: 2934000
- Grade: 7.63
- Grade Unit: g/t
- Contained Metal: 720364
- Contained Unit: oz
- Cutoff Grade: 0.25
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2023-12-31

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred Committee Bay resource is substantial and high grade, but the disclosure is historical and therefore low novelty.

- Positive factor: Inferred Committee Bay resource remains high grade at 7.63 g/t Au

- Positive factor: Contained ounces are 720,364 oz

- Negative factor: Historical resource summary with limited novelty in this amendment

- Negative factor: Large inferred component

Evidence · table

> 7.63

Context: 2,934,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.8 years before this release

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-13)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: sec\_sk1300, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ms. Valerie Doyon, Mr. Bryan Atkinson
- Resource group id: resource:620fa10ba88a3625783d
- Deposit or zone: Total

#### Resource Data

- Category: measured
- Tonnes: 1612000
- Grade: 5.67
- Grade Unit: g/t
- Contained Metal: 294000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-12-31

#### Lab

- Laboratory: ALS Lab

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This total table row duplicates the measured Eau Claire figures already presented elsewhere in the filing.

- Positive factor: Total table restates the measured row within the full company summary

- Positive factor: SEC SK-1300 and NI 43-101 are both referenced in the report

- Negative factor: This is a duplicated summary row rather than a separate estimate

- Negative factor: No new technical content beyond the main Eau Claire table

Evidence · table

> 5.67

Context: Measured \| 1,612,000 \| 5.67 \| 294,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-resource-facts-14)

Committee Bay · gold

#### Identity

- Project: Committee Bay
- Commodity: gold
- Region: canada\_nu
- Reported Region: Kitikmeot Region of Nunavut
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2023-12-31T00:00:00.000Z
- Reporting standards: sec\_sk1300, ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Bryan Atkinson
- Resource group id: resource:21c14b595a01324d8890
- Deposit or zone: Total

#### Resource Data

- Category: indicated
- Tonnes: 2075000
- Grade: 7.85
- Grade Unit: g/t
- Contained Metal: 523835
- Contained Unit: oz
- Cutoff Grade: 0.25
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2023-12-31

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a duplicate total row for the Committee Bay indicated resource and does not add new information.

- Positive factor: Total row restates the Committee Bay indicated estimate

- Positive factor: Contained ounces remain above 500,000 oz

- Negative factor: Historical summary row with little new information

- Negative factor: No reserve conversion

Evidence · table

> 7.85

Context: Indicated \| 2,075,000 \| 7.85 \| 523,835

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.8 years before this release

## Metallurgical Results (1)

### gravity

[Link to this fact](https://atlas-extractions.minestarters.com/news/fury-gold-mines-limited-form-20-f-a-filed-by-newsfilecorp-com--90cbf575-5ef0-4259-8e64-0b8002cbc373#fact-metallurgical-facts-15)

Eau Claire · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Northern Quebec
- Ticker: FURY

#### Test Work

- Program Status: optimization
- Test Type: gravity
- Processing Route: gravity concentration followed by cyanide leaching
- Sample: single master sample

#### Recovery

- Recovery: 95 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: SGS
- Consultant: SGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

Reasoning: This is another restated part of the historical SGS metallurgical summary and adds little new technical information.

- Positive factor: The report says the process was very simple

- Positive factor: Reagent consumption levels were typical for this style of deposit

- Positive factor: Conventional recovery route is reiterated

- Negative factor: No reagent numbers are disclosed

- Negative factor: Historical single-sample work limits confidence

Evidence · text

> The process was very simple

#### Tags used in scoring

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95% is at or above the exceptional band \(95%\)

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.