Untitled mining news story

Original announcement by research on

Company
Fury Gold Mines Limited
Ticker
FURY
Exchange
TSX
Region
Quebec
Primary commodity
Gold
Secondary commodities
Lithium, Silver, Arsenic, Bismuth, Tungsten
Document categories
Other, Drill results, Resource update, Metallurgy
Extracted
2026-10-28 12:21:29 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Fury Gold's Q2 2026 MD&A reviews its Quebec and Nunavut portfolio, including Eau Claire infill and conversion drilling, prefeasibility work and previously announced technical results. At June 30 it reported C$8.708 million cash and C$56.188 million working capital, versus six-month operating cash outflow of C$14.661 million; management states planned 2026 exploration is funded. The technical disclosures are historical restatements, and two passages reverse the grade and interval length for hole 26EC-103.

Reasoning: This is a broad quarterly MD&A, rather than a new technical-results announcement. Development progress and available working capital are positive, tempered by cash consumption, investment-price exposure and low novelty of the restated results.

Positive factors

  • Eau Claire resource conversion drilling and prefeasibility work are advancing.
  • Working capital was C$56.188 million at June 30, 2026, and management states planned 2026 programs are funded.
  • Reported lithium DMS testing achieved approximately 77% recovery at 6.0% Li₂O concentrate grade.

Negative factors

  • Technical results largely restate earlier announcements.
  • Cash declined to C$8.708 million while six-month operating cash outflow reached C$14.661 million.
  • Liquidity depends substantially on marketable securities exposed to price fluctuations.
  • The document gives conflicting grade and length values for hole 26EC-103.
  • True widths and detailed assay/compositing protocols are not disclosed.

Rubric flags

  • Conflicting source values — Verify 26EC-103 against the June 2 release: the MD&A prints both 7.86 g/t over 9.43 m and 9.43 g/t over 7.86 m; do not aggregate these as separate intercepts.
  • Pathfinder elements versus processing penalties — Arsenic, bismuth and tungsten are described as exploration pathfinders at the Percival–Serendipity trend; no impurity grades or processing penalties are disclosed, so do not propagate a portfolio-wide deleterious flag.
  • Historical technical content within a quarterly report — Keep other primary; extracted technical results restate earlier work. Prefeasibility commencement is not a completed economic study, and planned Committee Bay drilling is not a completed drill result.

Facts used in scoring: 33

Classification and evidence

QA/QC Disclosedpositive

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

Why it applies: A named P.Geo. assumes responsibility for the MD&A technical disclosures.

Evidence · text

“Valerie Doyon, P.Geo., Vice President, Geology”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Eau Claire drilling is intended to improve continuity and convert inferred resources.

Evidence · text

“converting inferred resources to higher-confidence categories”

Step Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Hole 26EC-101 is described as a 45 m down-plunge step-out outside the block model.

Evidence · text

“in a 45m down-plunge step out”

Nearology Playneutral

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

Why it applies: Éléonore South is positioned using nearby named gold deposits.

Evidence · text

“locally defined by Dhilmar’s Éléonore mine and Sirios Resources’ Cheechoo deposit”

Mill Routeneutral

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

Why it applies: the document describes a flotation route ("concentrate")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("dense media separation")

Single Domain Onlynegative

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

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

Drill Results (30)

26EC-115Eau Claire · goldGrade: 7.01Grade Unit: g/tIntercept: 21 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-115
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
7.01
Grade Unit
g/t
Intercept
21 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-13T00:00:00.000Z

Reasoning: A strong grade-width result, with reduced novelty in this MD&A.

Positive factors

  • Substantial grade over a 21 m downhole interval supports resource conversion.

Negative factors

  • Previously announced; true width and compositing rules undisclosed.

Evidence · text

“7.01 g/t gold over 21.0 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-115Eau Claire · goldGrade: 10.27Grade Unit: g/tIntercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-115
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
10.27
Grade Unit
g/t
Intercept
11 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-13T00:00:00.000Z

Reasoning: Supports a higher-grade core but is not independent of the parent intercept.

Positive factors

  • High-grade subinterval has meaningful downhole length.

Negative factors

  • Included within the parent interval; true width undisclosed.

Evidence · text

“including 10.27 g/t gold over 11.0 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-103Eau Claire · goldGrade: 7.86Grade Unit: g/tIntercept: 9.43 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-103
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
7.86
Grade Unit
g/t
Intercept
9.43 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-02T00:00:00.000Z

Reasoning: Useful infill result, but the internal numerical inconsistency requires verification.

Positive factors

  • Infill result supports continuity.

Negative factors

  • Later text reverses grade and interval length.
  • True width and compositing rules undisclosed.

Evidence · text

“an infill intercept of 7.86 g/t gold over 9.43 metres in hole 26EC-103”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Fact 4Eau Claire · goldGrade: 34.2Grade Unit: g/tIntercept: 0.96 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
34.2
Grade Unit
g/t
Intercept
0.96 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-02T00:00:00.000Z

Reasoning: High grade alone does not establish a material mineable width.

Positive factors

  • Very high assay grade.

Negative factors

  • Submetre downhole interval; hole ID and true width undisclosed.

Evidence · text

“34.20 g/t gold over 0.96 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Fact 5Eau Claire · goldGrade: 9.17Grade Unit: g/tIntercept: 1.93 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
9.17
Grade Unit
g/t
Intercept
1.93 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-02T00:00:00.000Z

Reasoning: Limited standalone grade-width significance.

Positive factors

  • Elevated gold grade.

Negative factors

  • Narrow interval with no hole ID or true width.

Evidence · text

“9.17 g/t gold over 1.93 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Fact 6Eau Claire · goldGrade: 3.79Grade Unit: g/tIntercept: 7.25 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
3.79
Grade Unit
g/t
Intercept
7.25 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-02T00:00:00.000Z

Reasoning: Potentially useful confirmation rather than a standout intercept.

Positive factors

  • Conversion drilling provides continuity information.

Negative factors

  • Modest grade-width for the predominantly underground development context.
  • Hole ID and true width undisclosed.

Evidence · text

“3.79 g/t gold over 7.25 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-101Eau Claire · goldGrade: 12.5Grade Unit: g/tIntercept: 7.02 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-101
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
12.5
Grade Unit
g/t
Intercept
7.02 m

Classification

Program
exploration
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-04-23T00:00:00.000Z

Reasoning: Strong grade-width supports extension potential.

Positive factors

  • 45 m down-plunge step-out outside the current block model.

Negative factors

  • Previously announced; true width undisclosed.

Evidence · text

“12.50 g/t gold over 7.02m from drill hole 26EC-101”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

26EC-097Eau Claire · goldGrade: 3.92Grade Unit: g/tIntercept: 6.92 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-097
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
3.92
Grade Unit
g/t
Intercept
6.92 m

Classification

Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-04-23T00:00:00.000Z

Reasoning: Supportive but not a standout result in the development context.

Positive factors

  • Gold mineralization over several metres.

Negative factors

  • Moderate grade-width and undisclosed true width.

Evidence · text

“3.92g/t gold over 6.92m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

26EC-097Eau Claire · goldGrade: 10.15Grade Unit: g/tIntercept: 1.48 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-097
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
10.15
Grade Unit
g/t
Intercept
1.48 m

Classification

Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-04-23T00:00:00.000Z

Reasoning: Grade is attractive but width limits standalone significance.

Positive factors

  • High gold grade.

Negative factors

  • Narrow downhole interval; true width undisclosed.

Evidence · text

“10.15g/t gold over 1.48m from drillhole 26EC-097”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

26EC-098Eau Claire · goldGrade: 17.2Grade Unit: g/tIntercept: 1.47 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-098
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
17.2
Grade Unit
g/t
Intercept
1.47 m

Classification

Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-04-23T00:00:00.000Z

Reasoning: High grade is tempered by limited downhole width.

Positive factors

  • Very high gold grade.

Negative factors

  • Narrow apparent interval; true width undisclosed.

Evidence · text

“17.20g/t gold over 1.47m from drillhole 26EC-098”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

26EC-099Eau Claire · goldGrade: 11.74Grade Unit: g/tIntercept: 6.63 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-099
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
11.74
Grade Unit
g/t
Intercept
6.63 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Reasoning: Supports confidence in the existing mineralized system.

Positive factors

  • Strong grade-width within an inferred resource portion.

Negative factors

  • Restated result with undisclosed true width.

Evidence · text

“11.74 g/t gold over 6.63m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-103Eau Claire · goldGrade: 9.43Grade Unit: g/tIntercept: 7.86 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-103
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
9.43
Grade Unit
g/t
Intercept
7.86 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Reasoning: Retained as printed for audit; it must not be counted as a second independent intercept.

Positive factors

  • Reported grade-width is substantial.

Negative factors

  • Conflicts with 7.86 g/t over 9.43 m stated earlier; these are alternative descriptions of one result.

Evidence · text

“26EC-103 that intersected 9.43 g/t gold over 7.86m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-110Eau Claire · goldGrade: 5.68Grade Unit: g/tIntercept: 2.97 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-110
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
5.68
Grade Unit
g/t
Intercept
2.97 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Reasoning: Modest grade-width in the predominantly underground context.

Positive factors

  • Gold mineralization supports conversion drilling.

Negative factors

  • Narrow interval and undisclosed true width.

Evidence · text

“5.68 g/t gold over 2.97m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26EC-110Eau Claire · goldGrade: 2.53Grade Unit: g/tIntercept: 4.95 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
26EC-110
Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
2.53
Grade Unit
g/t
Intercept
4.95 m

Classification

Program
resource
Sample Type
drill
Mining Method
mixed

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Reasoning: A comparatively weak reported interval without evidence of economic viability.

Positive factors

  • Provides resource-conversion information.

Negative factors

  • Low grade-width for an underground-oriented project; true width undisclosed.

Evidence · text

“2.53 g/t gold over 4.95m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Fact 15Eau Claire · goldGrade: 1.23Grade Unit: g/tIntercept: 7.9 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
1.23
Grade Unit
g/t
Intercept
7.9 m

Classification

Sample Type
drill
Mining Method
unknown

Location

Location
Serendipity
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Limited historical targeting evidence rather than a compelling standalone intercept.

Positive factors

  • Establishes historical gold occurrence.

Negative factors

  • Low grade-width, unknown mining method, no hole ID or true width.

Evidence · text

“7.9 m of 1.23 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 16Eau Claire · goldGrade: 1.38Grade Unit: g/tIntercept: 12.1 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
1.38
Grade Unit
g/t
Intercept
12.1 m

Classification

Sample Type
drill
Mining Method
unknown

Location

Location
Serendipity
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Useful historical exploration context with uncertain development significance.

Positive factors

  • Gold occurs over a multimetre downhole interval.

Negative factors

  • Modest grade-width and unknown mining geometry.

Evidence · text

“12.1 m of 1.38 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 17Eau Claire · goldGrade: 4.27Grade Unit: g/tIntercept: 1.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Eau Claire
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
4.27
Grade Unit
g/t
Intercept
1.5 m

Classification

Sample Type
drill
Mining Method
unknown

Location

Location
Serendipity
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Low standalone significance.

Positive factors

  • Confirms localized gold mineralization.

Negative factors

  • Narrow interval with limited grade-width; true width unknown.

Evidence · text

“1.5 m of 4.27 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 18Éléonore South · goldGrade: 4.22Grade Unit: g/tIntercept: 53.25 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Éléonore South
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
4.22
Grade Unit
g/t
Intercept
53.25 m

Classification

Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Substantial historical exploration evidence, with geometry unresolved.

Positive factors

  • Strong grade-width over a broad downhole interval.

Negative factors

  • Historical result with no hole ID, orientation or true width.
  • No additional work planned for 2026.

Evidence · text

“53.25m of 4.22 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 19Éléonore South · goldGrade: 49.5Grade Unit: g/tIntercept: 6 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Éléonore South
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
49.5
Grade Unit
g/t
Intercept
6 m

Classification

Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: A bonanza-grade historical interval with meaningful apparent length.

Positive factors

  • Exceptional grade with substantial grade-width.

Negative factors

  • Historical result; true width and hole ID undisclosed.

Evidence · text

“6.0m of 49.50 g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

Exceptionally high-grade zone, well above the deposit-type norm.

Reason: 49.50 g/t over 6.0 m combines exceptional grade with substantial downhole length.

Evidence · text

“6.0m of 49.50 g/t Au”
Fact 20Éléonore South · goldGrade: 294Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Éléonore South
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
294
Grade Unit
g/t
Intercept
1 m

Classification

Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Exceptional local grade, but narrow and not independent of the parent result.

Positive factors

  • Extremely high gold assay grade.

Negative factors

  • Only 1 m downhole and nested within the parent interval; true width unknown.

Evidence · text

“including 1.0m of 294 g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 21Éléonore South · goldGrade: 3.08Grade Unit: g/tIntercept: 23.8 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Éléonore South
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
3.08
Grade Unit
g/t
Intercept
23.8 m

Classification

Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Supportive exploration evidence with uncertain geometry.

Positive factors

  • Meaningful grade-width over more than 20 m downhole.

Negative factors

  • Historical result with unknown mining method and true width.

Evidence · text

“23.8m of 3.08 g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 22Éléonore South · goldGrade: 27.8Grade Unit: g/tIntercept: 1.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Éléonore South
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FURY

Geometry

Grade
27.8
Grade Unit
g/t
Intercept
1.5 m

Classification

Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Localized high grade contributes to the parent composite without establishing mineable thickness.

Positive factors

  • High-grade internal zone.

Negative factors

  • Narrow, historical and nested within the parent interval.

Evidence · text

“including 1.5m of 27.80 g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

21TB152Committee Bay · goldGrade: 13.93Grade Unit: g/tIntercept: 10 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
21TB152
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
13.93
Grade Unit
g/t
Intercept
10 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Three Bluffs Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-12-01T00:00:00.000Z

Reasoning: Strong historical extension evidence with minimal current novelty.

Positive factors

  • Strong grade-width in a 120 m resource step-out.

Negative factors

  • 2021 result; true width and detailed protocols undisclosed.

Evidence · text

“10.0 m of 13.93 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

21TB152Committee Bay · goldGrade: 18.67Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
21TB152
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
18.67
Grade Unit
g/t
Intercept
3 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Three Bluffs Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-12-01T00:00:00.000Z

Reasoning: High-grade historical zone with limited disclosed width.

Positive factors

  • Exceptional underground gold grade.

Negative factors

  • Narrow apparent interval from 2021.

Evidence · text

“3.0 m of 18.67 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

21TB152Committee Bay · goldGrade: 23.2Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
21TB152
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
23.2
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Three Bluffs Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-12-01T00:00:00.000Z

Reasoning: Localized high grade with limited standalone materiality.

Positive factors

  • Very high gold grade.

Negative factors

  • Only 1 m apparent length; historical.

Evidence · text

“1.0 m of 23.2 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

25TB155Committee Bay · goldGrade: 5.73Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25TB155
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
5.73
Grade Unit
g/t
Intercept
3 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Three Bluffs Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-10T00:00:00.000Z

Reasoning: Supportive extension information with limited standalone strength.

Positive factors

  • Higher-grade zone within a broader mineralized interval.

Negative factors

  • Modest underground grade-width and undisclosed true width.

Evidence · text

“5.73 grams per tonne (g/t) gold across 3.0m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

25TB155Committee Bay · goldGrade: 1.18Grade Unit: g/tIntercept: 19.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25TB155
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
1.18
Grade Unit
g/t
Intercept
19.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Three Bluffs Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-10T00:00:00.000Z

Reasoning: Broad mineralization is geologically useful but the reported average grade is weak.

Positive factors

  • Hole ended in mineralization, leaving the zone incompletely tested.

Negative factors

  • Low average grade for inferred underground mining; true width undisclosed.

Evidence · text

“1.18 g/t gold over 19.5m (Hole 25TB155)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 28Committee Bay · goldGrade: 12.6Grade Unit: g/tIntercept: 5.49 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
12.6
Grade Unit
g/t
Intercept
5.49 m

Classification

Deposit Type
orogenic
Sample Type
drill
Mining Method
underground

Location

Location
Raven Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Supports historical target potential without adding current assays.

Positive factors

  • Strong underground gold grade and useful grade-width.

Negative factors

  • Historical result without hole ID or true width.

Evidence · text

“12.60 g/t gold over 5.49m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Fact 29Committee Bay · goldGrade: 31.1Grade Unit: g/tIntercept: 2.8 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
31.1
Grade Unit
g/t
Intercept
2.8 m

Classification

Deposit Type
orogenic
Sample Type
drill
Mining Method
underground

Location

Location
Raven Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Reasoning: Strong local grade, tempered by uncertain geometry and historical status.

Positive factors

  • Exceptional grade produces substantial grade-width.

Negative factors

  • Narrow historical apparent interval with no hole ID.

Evidence · text

“31.1 g/t gold across 2.8m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

25RV015Committee Bay · goldGrade: 4.59Grade Unit: g/tIntercept: 1.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25RV015
Project
Committee Bay
Commodity
gold
Region
canada_nu
Reported Region
canada_nu
Ticker
FURY

Geometry

Grade
4.59
Grade Unit
g/t
Intercept
1.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
underground

Location

Location
Raven Shear Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-10T00:00:00.000Z

Reasoning: Confirms a distant gold occurrence but is a weak standalone underground intercept.

Positive factors

  • Gold encountered in a 330 m step-out.

Negative factors

  • Low grade-width and undisclosed true width.

Evidence · text

“4.59 g/t gold over 1.5m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re Releasenegative

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

Why it applies: the fact restates a prior release

Resource Estimates (1)

inferredSakami · goldTonnes: 23900000Grade: 1.07Grade Unit: g/tContained Metal: 825000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Sakami
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
FURY

Resource scope

Estimate type
resource
Effective date
2025-11-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Olivier Vadnais-Leblanc, Valerie Doyon
Resource group id
resource:391c4307b3a0a6d95297
Deposit or zone
La Pointe Extension
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
23900000
Grade
1.07
Grade Unit
g/t
Contained Metal
825000
Contained Unit
oz

Prior Estimate

Resource Date
2025-11-11

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-12-08T00:00:00.000Z

Reasoning: A meaningful exploration baseline, with geological confidence still limited to inferred classification.

Positive factors

  • Defined open-pit resource with expansion opportunities.

Negative factors

  • Entirely inferred; cut-off grade undisclosed in this document.
  • Previously announced estimate.

Evidence · text

“23.9 million tonnes grading 1.07 g/t gold for 825,000 gold ounces”

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut Off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Metallurgical Results (1)

Dense Media SeparationElmer East · lithiumRecovery: 77 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elmer East
Commodity
lithium
Region
canada_qc
Reported Region
Quebec
Ticker
FURY

Test Work

Test Type
Dense Media Separation
Processing Route
Dense Media Separation
Sample
Ninaaskumuwin lithium discovery pegmatite

Recovery

Recovery
77 %
Recovery Basis
to_concentrate
Conc. Grade
6
Conc. Grade Unit
% Li₂O

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Reasoning: Encouraging concentrate quality and recovery, with scale-up and representativeness unverified.

Positive factors

  • Approximately 77% recovery at 6.0% Li₂O concentrate grade using simple DMS.
  • Spodumene is the only lithium-bearing mineral reported; material is relatively free of impurities.

Negative factors

  • Test scale, variability coverage, laboratory and consultant undisclosed.
  • Previously announced result.

Evidence · text

“concentrate grading 6.0% Li₂O with approximately 77% lithium recovery”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

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.