Untitled mining news story
Original announcement by research on
- Company
- Unavailable
- Ticker
- FURY
- Exchange
- TSX
- Region
- Quebec, Canada
- Primary commodity
- Gold
- Secondary commodities
- Lithium
- Document categories
- Other, Resource update, Drill results, Metallurgy
- Extracted
- 2026-11-08 15:30:08 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
This is Fury Gold Mines’ annual information form for the year ended December 31, 2024. It summarizes the company’s projects, 2024 resource update for Eau Claire and Percival, exploration results, corporate changes, and a pending QPM acquisition. The filing also includes extensive historical background, risk factors, and governance disclosure.
Reasoning: Broad annual information form with substantial resource and exploration disclosure, but the document is mainly corporate/summary material rather than a single current technical event.
Positive factors
- Annual information form summarizes material resource updates and exploration across Eau Claire, Percival, Serendipity, and Éléonore South.
- The document discloses updated 2024 mineral resource estimates for Eau Claire and Percival, with a stated effective date of May 10, 2024 and NI 43-101 compliance.
- Exploration results include multiple drill intercepts and surface lithium results, plus ongoing project advancement and recommended work programs.
Negative factors
- Most drill results and resource figures are restated from prior company releases rather than being new standalone news in this filing.
- No single current operational event dominates the whole document; much of the content is corporate governance, history, and risk disclosure.
- The filing is an annual information form, so novelty is diluted by broad backward-looking disclosure.
Facts used in scoring: 22
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource disclosure states the estimates are consistent with the 2014 CIM Definition Standards and cites NI 43-101 compliance for the technical report.
Evidence · text
“The reporting of the MREs complies with all disclosure requirements for Mineral Resources set out in the NI 43-101 Standards”
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report and resource disclosure are explicitly described as NI 43-101 compliant.
Evidence · text
“The reporting of the MREs complies with all disclosure requirements for Mineral Resources set out in the NI 43-101 Standards”
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: Named Qualified Persons are stated for the Eau Claire technical report and resource estimate.
Evidence · text
“prepared by Maxime Dupéré, B.Sc., P.Geo,, Ben Eggers, B.Sc. MAIG, P.Geo and Sarah Dean, B.Sc., MBA, P.Geo”
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource tables disclose base case cut-off grades of 0.5 g/t Au and 2.5 g/t Au.
Evidence · table
“Open Pit (base case cut-off grade of 0.5 g/t Au)”
Context: Category | Tonnes | Au g/t | Contained Au (oz)
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The filing describes infill drilling at the Hinge Target and a recommended program aimed at updating the current mineral resource.
Evidence · text
“focused on infill drilling at the Hinge Target”
Step Out Extensionpositive · Story-specific tag
Mineralization extended beyond the previously known limit.
Why it applies: The document explicitly says stepout drilling increased the mineralized footprint by over 450m to the west.
Evidence · text
“Large stepout drilling in 2022 increased the mineralized footprint of the Eau Claire deposit by over 450m to the west.”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release describes blanks, certified standards, duplicates, and external laboratory checks.
Evidence · text
“systematic addition of blank samples and certified standards to each batch of samples”
No QA/QC Disclosurenegative · Story-specific tag
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: This tag is not applied; QA/QC is disclosed. The relevant evidence is included to support the positive QA/QC tag.
Evidence · text
“systematic addition of blank samples and certified standards”
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Serendipity and Percival targets are described in relation to the Cannard Deformation Zone and nearby deposits, and Éléonore South is discussed in relation to Newmont’s Éléonore Mine.
Evidence · text
“located 57 km NNW of the Eau Claire Project”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
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: 22. Some facts used in scoring do not have a stored record.
Drill Results (5)
23EC-077Eau Claire · goldGrade: 31.77Grade Unit: g/tIntercept: 3.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 23EC-077
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FURY
Geometry
- Grade
- 31.77
- Grade Unit
- g/t
- Intercept
- 3.5 m
- From
- 0 m
- To
- 3.5 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- 23EC-077:0-3.5
- Mining Method
- underground
Location
- Location
- Hinge Target
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2023-01-17T00:00:00.000Z
Reasoning: Historical drill result restated in the annual filing.
Positive factors
- Very high grade gold intercept is explicitly stated.
- The interval is short but strong.
- It is associated with the Hinge Target resource area.
Negative factors
- This is a historical restatement in a 2024 annual filing.
- No true width is stated.
- Only the highlighted result is repeated here.
Tags used in scoring
QA/QC Disclosedpositive
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 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"
23EC-075Eau Claire · goldGrade: 5Grade Unit: g/tIntercept: 3.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 23EC-075
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FURY
Geometry
- Grade
- 5
- Grade Unit
- g/t
- Intercept
- 3.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Hinge Target
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-17T00:00:00.000Z
Reasoning: Historical drill result restated in the annual filing.
Positive factors
- Grade is at the strong-to-exceptional boundary for underground gold.
- Short but valuable interval.
Negative factors
- Historical restatement.
- No true width disclosed.
Tags used in scoring
QA/QC Disclosedpositive
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 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"
23EC-078Eau Claire · goldGrade: 5.49Grade Unit: g/tIntercept: 3.5 mHistorical resultNeeds review: ungroundedView all detailsHide details
Identity
- Hole ID
- 23EC-078
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FURY
Geometry
- Grade
- 5.49
- Grade Unit
- g/t
- Intercept
- 3.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Hinge Target
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- ungrounded
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-02-06T00:00:00.000Z
Reasoning: Historical drill result restated in the annual filing.
Positive factors
- Strong grade over a moderate interval.
- Supports continuity of the Hinge Target system.
Negative factors
- Historical restatement.
- No true width disclosed.
Tags used in scoring
QA/QC Disclosedpositive
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 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"
23KP-013Eau Claire · goldGrade: 10.7Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 23KP-013
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FURY
Geometry
- Grade
- 10.7
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Percival Prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-03-13T00:00:00.000Z
Reasoning: Historical Percival sub-interval restated in the annual filing.
Positive factors
- High-grade short sub-interval is explicitly stated.
- Indicates local high-grade variability within the broader interval.
Negative factors
- Historical restatement.
- No true width disclosed.
Tags used in scoring
QA/QC Disclosedpositive
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 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 5Éléonore South · lithiumGrade: 4.67Grade Unit: %View all detailsHide details
Identity
- Project
- Éléonore South
- Commodity
- lithium
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FURY
Geometry
- Grade
- 4.67
- Grade Unit
- %
Classification
- Program
- exploration
- Sample Type
- surface
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Reasoning: Peak lithium outcrop result at Éléonore South.
Positive factors
- Peak lithium oxide value is high grade.
- It supports the new lithium target narrative at the project.
Negative factors
- Surface outcrop sample, not a drill result.
- No sample table or location coordinates are given in the text.
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (16)
measuredEau Claire · goldTonnes: 1612000Grade: 5.67Grade Unit: g/tContained Metal: 294000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:dd535c995617c1ab5068
- Deposit or zone
- Combined open pit and Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Measured gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Measured resource is reported in a NI 43-101-compliant update with effective date stated.
- Grade of 5.67 g/t Au is strong for a gold resource.
- Contained metal and category are explicitly disclosed.
Negative factors
- The row is part of a broader resource update rather than a fresh standalone discovery.
- Cut-off and mining method are specific to the combined model context, so comparability depends on the stated basis.
Evidence · table
“5.67”
Context: 1,612,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 4781000Grade: 5.64Grade Unit: g/tContained Metal: 866000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:f1041ed8e7c961aca525
- Deposit or zone
- Combined open pit and Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Indicated category dominates the M&I inventory and is reported in a compliant resource update.
- Contained ounces are substantial and the grade remains robust.
- This is the main economic base for the combined resource statement.
Negative factors
- The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.
- The filing is an annual information form, so context is partly historical.
Evidence · table
“5.64”
Context: 4,781,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire Project · goldTonnes: 5445000Grade: 4.13Grade Unit: g/tContained Metal: 723000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:6f3496d88fbea632f9f8
- Deposit or zone
- Combined open pit and Underground
Resource Data
- Category
- inferred
- Tonnes
- 5445000
- Grade
- 4.13
- Grade Unit
- g/t
- Contained Metal
- 723000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Inferred resource is sizeable and still grades above 4 g/t Au.
- Contained ounces are explicitly stated.
- It supports the broader project scale even though confidence is lower than M&I.
Negative factors
- Inferred material carries lower geological confidence than measured or indicated.
- No reserve conversion or economic study is presented here.
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 1157000Grade: 5.19Grade Unit: g/tContained Metal: 193000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:e2c7c924ed3db160de7c
- Deposit or zone
- Open Pit
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Open-pit measured gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Open-pit measured gold resource is clearly disclosed.
- Grade remains strong at 5.19 g/t Au at the stated open-pit cut-off.
- Contained ounces are substantial for the open-pit shell.
Negative factors
- This is a resource shell row, not a new drill result.
- Comparability depends on the stated 0.5 g/t Au cut-off.
Evidence · table
“5.19”
Context: 1,157,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 1291000Grade: 4.19Grade Unit: g/tContained Metal: 174000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:85d6420f8fc7f2b6c023
- Deposit or zone
- Open Pit
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Open-pit indicated gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Open-pit indicated gold resource remains robust at over 4 g/t Au.
- Contained ounces are explicitly stated.
- This supports the near-surface mineable inventory.
Negative factors
- Resource row only; no reserve or economic viability is claimed here.
- Update context lowers novelty versus new assay disclosure.
Evidence · table
“4.19”
Context: 1,291,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 69000Grade: 4.39Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:00689a6e29bcad08a3cd
- Deposit or zone
- Open Pit
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Open-pit inferred gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Open-pit inferred gold resource is high grade, albeit small.
- The row is explicitly reported with contained ounces and cut-off.
- It may be useful for model continuity near surface.
Negative factors
- Very small tonnage limits materiality.
- Inferred category carries lower confidence.
Evidence · table
“4.39”
Context: 69,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 455000Grade: 6.9Grade Unit: g/tContained Metal: 101000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:ba29f6645b460834950f
- Deposit or zone
- Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Underground measured gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Underground measured resource grades above 6 g/t Au at the stated cut-off.
- Contained ounces are explicitly disclosed.
- This supports a higher-grade underground inventory.
Negative factors
- Resource classification only; no reserve conversion.
- The underground shell is still within a broader resource update.
Evidence · table
“6.90”
Context: 455,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 3490000Grade: 6.17Grade Unit: g/tContained Metal: 692000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:7fc8da7be93b353eca88
- Deposit or zone
- Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Underground indicated gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Large underground indicated inventory with strong grade.
- Contained metal is substantial and explicitly disclosed.
- This is the key underground economic block.
Negative factors
- Resource update context lowers novelty.
- No reserve designation is made.
Evidence · table
“6.17”
Context: 3,490,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2566000Grade: 6.08Grade Unit: g/tContained Metal: 502000Contained Unit: ozView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:5b42dc1baf5edb843482
- Deposit or zone
- Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Underground inferred gold resource row from the 2024 Eau Claire estimate.
Positive factors
- Underground inferred resource remains high grade.
- Contained ounces are meaningful and explicitly disclosed.
- Supports the broader underground resource shell.
Negative factors
- Inferred confidence is lower than indicated or measured.
- This is a resource table row rather than a new technical catalyst.
Evidence · table
“6.08”
Context: 2,566,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredPercival · goldTonnes: 2253000Grade: 1.81Grade Unit: g/tContained Metal: 131000Contained Unit: ozView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:389294a233f3ea7ba43b
- Deposit or zone
- Open Pit
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Percival open-pit inferred gold resource row from the 2024 resource estimate.
Positive factors
- Percival is included as a maiden resource within the project package.
- Contained ounces are explicitly stated.
- The open-pit row demonstrates scale beyond the core Eau Claire deposit.
Negative factors
- Grade is materially lower than the main Eau Claire deposit.
- Inferred category and maiden status limit confidence.
Evidence · table
“1.81”
Context: 2,253,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredPercival · goldTonnes: 557000Grade: 4.47Grade Unit: g/tContained Metal: 80000Contained Unit: ozView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:b7958bbd182e9dd04ecc
- Deposit or zone
- Underground
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
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Percival underground inferred gold resource row from the 2024 resource estimate.
Positive factors
- Underground inferred grade is strong for gold.
- Contained ounces are explicitly disclosed.
- Supports a higher-grade underground component at Percival.
Negative factors
- Inferred confidence only.
- This is a resource row, not a new drilling result.
Evidence · table
“4.47”
Context: 557,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 2448000Grade: 4.66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:945f2388d138ff6de3b2
- Deposit or zone
- Combined open pit and Underground
Resource Data
- Category
- indicated
- Tonnes
- 2448000
- Grade
- 4.66
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category dominates the M&I inventory and is reported in a compliant resource update.
- Contained ounces are substantial and the grade remains robust.
- This is the main economic base for the combined resource statement.
Negative factors
- The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.
- The filing is an annual information form, so context is partly historical.
Evidence · table
“4.66”
Context: 2,448,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 3945000Grade: 6.25Grade Unit: g/tView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:d014e239686b44056767
- Deposit or zone
- Combined open pit and Underground
Resource Data
- Category
- indicated
- Tonnes
- 3945000
- Grade
- 6.25
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category dominates the M&I inventory and is reported in a compliant resource update.
- Contained ounces are substantial and the grade remains robust.
- This is the main economic base for the combined resource statement.
Negative factors
- The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.
- The filing is an annual information form, so context is partly historical.
Evidence · table
“6.25”
Context: 3,945,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 6393000Grade: 5.65Grade Unit: g/tView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:c54ad9c83c1ee7cf6312
- Deposit or zone
- Combined open pit and Underground
Resource Data
- Category
- indicated
- Tonnes
- 6393000
- Grade
- 5.65
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category dominates the M&I inventory and is reported in a compliant resource update.
- Contained ounces are substantial and the grade remains robust.
- This is the main economic base for the combined resource statement.
Negative factors
- The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.
- The filing is an annual information form, so context is partly historical.
Evidence · table
“5.65”
Context: 6,393,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2635000Grade: 6.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:d76824ace6c28f6664d3
- Deposit or zone
- Combined open pit and Underground
Resource Data
- Category
- inferred
- Tonnes
- 2635000
- Grade
- 6.04
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred gold resource row from the 2024 Eau Claire estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Inferred resource is sizeable and still grades above 4 g/t Au.
- Contained ounces are explicitly stated.
- It supports the broader project scale even though confidence is lower than M&I.
Negative factors
- Inferred material carries lower geological confidence than measured or indicated.
- No reserve conversion or economic study is presented here.
Evidence · table
“6.04”
Context: 2,635,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredPercival · goldTonnes: 2810000Grade: 2.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id
- resource:2e63c0bedf01d406f0a6
- Deposit or zone
- Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 2810000
- Grade
- 2.34
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Lab
- Laboratory
- SGS Geological Services
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Percival open-pit inferred gold resource row from the 2024 resource estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Percival is included as a maiden resource within the project package.
- Contained ounces are explicitly stated.
- The open-pit row demonstrates scale beyond the core Eau Claire deposit.
Negative factors
- Grade is materially lower than the main Eau Claire deposit.
- Inferred category and maiden status limit confidence.
Evidence · table
“2.34”
Context: 2,810,000
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
Metallurgical Results (1)
flotationEau Claire Project · goldRecovery: 98.3 %View all detailsHide details
Identity
- Project
- Eau Claire Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation concentrate cyanidation
- Sample
- Flotation concentrate cyanidation
Recovery
- Recovery
- 98.3 %
- Recovery Basis
- actual_test
Reagents
- Reagent Notes
- flotation concentrate cyanidation
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical flotation-concentrate cyanidation result.
Positive factors
- Very high gold extraction is explicitly stated for flotation concentrate cyanidation.
- The route is conventional rather than novel.
Negative factors
- Historical testwork.
- No feed grade or concentrate grade is provided in the quoted line.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98.3% 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.