Press Release
Fury Gold Mines Identifies 3 Drill Targets at High-Grade Camp in Nunavut, Canada
Fury intends to grow its multi-million-ounce gold platform into an acquisition target for the anticipated consolidation of the gold space in Canada.
Vancouver, BC, November 5, 2024 – TheNewsWire – Global Stocks News – Sponsored content disseminated on behalf of Fury Gold Mines. On October 24, 2024, Fury Gold Mines (TSX:FURY) (NYSE American:FURY) announced the completion of the 2024 exploration program at Committee Bay, located in the eastern Kitikmeot region of Nunavut, Canada.
Fury Gold Mines is focused in two regions in politically-stable Canada: Quebec (1.16 M&I ounces @ 5.64 g/t gold) [1.] and Nunavut (524,000 Indicated ounces @ 7.85 g/t gold) [2.] The company owns 51 million shares of Dolly Varden Silver valued at approximately C$65 million, giving Fury an enterprise value of C$33 million. Owned by institutions (12%) and Newmont (6%),
The Committee Bay property in Nunavut covers a 300-kilometre-long prospective greenstone belt hosting the high-grade Three Bluffs Gold Resource as well as numerous drilled and undrilled prospects.
Three targets are now drill ready:
- Three Bluffs Shear, where drilling in 2021 intercepted 13.93 g/t Au over 10 metres (m)
- Raven Shear where 7 rock samples have averaged 16.12 g/t gold; and
- Burro West where a 300 by 300 m discrete >90th percentile gold in till anomaly has been defined with a peak value of 50 ppb gold.
“Coming from Boston, I was able to be in and out of Committee Bay within a day,” Tim Clark, CEO of Fury Gold told Guy Bennett, CEO of Global Stocks News (GSN). “The final leg of the trip is a quick one-hour flight north from Baker Lake, a truly beautiful area with stunning landscapes.”
“As we were flying over the tundra this summer, I overheard the pilot say, ‘I’m glad we’re going to Committee Bay, you have the best camp in the whole area. The location and crew are excellent, and the infrastructure is impressive.’”
“Investors need to understand the scale of the Committee Bay project and the infrastructure that is already in place on the property,” continued Clark. “There is a hanger full of major equipment, three Fury-owned drill rigs, a heated drill water system, a 100-person camp, and reserves of fuel on site. It appears that the previous operators were setting up a development company in Nunavut, not an exploration company.”
“Our goal is to continue to advance our targeting to show the considerable potential for new discoveries on the property,” stated Clark in the October 24, 2024 press release. “During my recent site visit, I was struck not only by the vast scale and geological potential of the property but also by the impressive infrastructure already in place, the result of over C$160 million in prior investment by previous operators.”
“We are looking at various opportunities to further advance the Committee Bay project as we believe it has the potential to host a major gold discovery in Nunavut with significant upside potential for investors.”
“We have a high-grade gold resource with Three Bluffs that remains open for expansion,” stated Bryan Atkinson, SVP Exploration for Fury. “There are a multitude of unsourced gold in till anomalies ripe for follow-up work. The scale and the overall potential of Committee Bay make it an explorer’s dream.”
Above: Plan view of the Three Bluffs gold deposit illustrating the newly identified mineralized shear zone in orange in relation to the mineralized banded iron formation in blue.
Above: High-grade gold rock sampling results from the Raven Prospect. Mineralization has been defined along a 1.4 km footprint. Limited outcrop sampling along the undrilled southern boundary of the shear zone has averaged 16.12 g/t Au from 7 samples.
Above: Plan View map showing the results from the 2024 Infill Till Sampling program at Burro West. A large coherent gold in till anomaly associated with a sheared contact between mafic volcanic and ultramafic lithologies. The southwest portion of the grid remains open for additional follow-up.
“One could argue that Committee Bay is a substantial enough land package that it could stand alone as its own company,” Clark told GSN. “However, our multiple assets and strong financial position allow for greater efficiencies.”
“In a bull market, you want to take big swings on high-grade assets in good mining jurisdictions,” added Clark. “The project in Nunavut ticks all the boxes.”
Nunavut’s industrial gross domestic product (GDP) grew 3.4% in 2023, the best GDP growth in Canada.
“Mining’s share of Nunavut’s GDP continues to expand,” reported the Northern News Service (NNSL) “reaching a record high 46.7% in 2023, up significantly from 28.5% in 2019. That represented $1.37 billion for the economy last year, a slight increase from $1.33 billion in 2022.”
There are numerous mines operating in Nunavut, including Agnico Eagle’s Meliadine Mine that has gold reserves of 3.46 million ounces. 2024 production guidance is 370,000 ounces at a projected cash cost of $960/ounce of gold.
On September 15, 2024 Tim Clark spoke with Crux Investor about the junior gold space and Fury’s portfolio of projects in mining-friendly Canadian jurisdictions,
“I’m a capital markets guy,” Clark told Crux Investor. “We like raising flow-through money. If we raise money for C$1, we’re getting about C$1.60, because of Canadian tax benefits. That leaves hard dollars to pay for other things, like exploring, drilling or buying assets. I am sensitive to diluting the company. Flow-through shares is one way to minimize that.”
“Typically, you incur about US$100/ounce in exploration costs to find gold,” continued Clark. “We’re executing our programs for US$40/ounce. Our current market cap and resources indicate that our gold-in-the-ground is valued at about C$5.75/ounce.”
Key Fury milestones under Tim Clark’s tenure:
October 24, 2024: Fury Completes 2024 Exploration Program at Committee Bay; Defines 3 Drill Ready Shear Zone Hosted Targets
October 7, 2024: Fury Samples High-Grade Lithium from Outcrop at Éléonore South
September 9, 2024: Fury Intercepts 12.16 g/t Gold Over 3 Metres at Serendipity
June 28, 2024: NI 43-101 Technical Report for Increased Mineral Resource Estimate at Eau Claire
June 13, 2024: Fury Announces Closing of C$5 Million Financing
June 4, 2024: Fury Drills 137.5 Metres of 0.44 g/t Gold at Éléonore South
May 14, 2024: Mineral Resources at Eau Claire, Increasing Measured and Indicated Gold Ounces By 36%, And Inferred Gold Ounces by 45%
March 20, 2024: Drills to begin turning in April at Éléonore South
March 14, 2024: Sale of 5.45 million DV Silver shares to institutions
March 1, 2024: Consolidation of Éléonore South Gold Project
January 17, 2024: 31.77 g/t gold & 8.07g/t Tellurium over 3.5m at Hinge Target
November 6, 2023: Fury Intercepts up to 279 g/t Gold over 1.5m at Percival Main
September 5, 2023: Appointment of Isabelle Cadieux as Board Director
March 23, 2023: Closing of CND $8.75 Million Financing
February 22, 2023: Appointment of Brian Christie as Board Director
December 21, 2022: Fury Drills 13.5 Metres of 8.05 g/t Gold at Percival
August 8, 2022: Fury and Newmont Take Control of Éléonore South
August 3, 2022: Discovery of Multiple High-Grade Gold at Eau Claire
April 19, 2022: Completion of CND $11 Million Private Placement
December 6, 2021: Sale of Homestake Ridge for $50 million
“Committee Bay is an advanced project for a major mining company,” Clark told GSN. “The majors want big pieces of metal rich property in stable mining jurisdictions, and that’s what we have.”
Fury’s Eau Claire project in Quebec contains a combined mineral resource of 1.16Moz gold (Au) at a grade of 5.64 g/t gold in the Measured & Indicated category as well as an additional 723koz gold at a grade of 4.13 g/t gold in the Inferred Category.
The Maiden Mineral Resource Estimate at the Percival deposit, 14 kilometers to the east of the Eau Claire deposit, contains 211koz Au in the inferred category at a grade of 2.34 g/t Au.
Bryan Atkinson, P.Geol, Senior Vice President Exploration at Fury, is a “qualified person” within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.
References:
- See Eau Claire NI43-101 report “Mineral Resource Estimate Update for the Eau Claire Project, Eeyou Istchee James Bay Region of Quebec, Canada” dated June 25, 2024 filed under Fury’s profile on SEDAR+. Cut-off grade 0.50 g/t Au open pit and 2.50 g/t Au underground.
- See Committee Bay NI43-101 report “Technical Report On The Committee Bay Project, Nunavut Territory, Canada” dated September 11, 2023 filed under Fury’s profile on SEDAR+. Cut-off grade 3.0 g/t Au open pit and 4.0 g/t Au underground.
Contact: guy.bennett@globalstocksnews.com
Disclaimer: Fury Gold paid GSN $1,500 for the research, writing and dissemination of this content.
Global Stocks News (GSN) researches and fact-checks diligently, but we cannot ensure our publications are free from error.
Investing in publicly traded stocks is speculative and carries a high degree of risk.
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One hundred days into his second term, U.S. President Donald Trump and his “America First” policy are facing mounting challenges, according to new CGTN polls.
In February and April this year, CGTN conducted two global public opinion surveys involving 15,947 respondents from 38 countries.
Findings show a sharp decline in American public satisfaction with Trump’s governance. His tariff-centric approach and “America First” policy have triggered growing pessimism among respondents from both traditional U.S. allies and the Global South regarding future relations with the United States. The administration now faces a serious global trust deficit.
Global confidence in the U.S. declines
In the April survey, 48.9 percent of American respondents expressed dissatisfaction with Trump’s performance since taking office. Of those, 53.1 percent criticized his “reciprocal tariffs” policy for damaging the U.S. stock market, while 60.4 percent believed his domestic economic policies failed to control inflation and instead caused price increases. Meanwhile, 54 percent expressed serious concerns about his interest rate policies.
Discontent is also rising globally. Respondents from key U.S. allies expressed deep concern over strained ties with Washington. In France, Germany, Canada, Japan, and South Korea, more than 70 percent of respondents were pessimistic about their countries’ future relations with the U.S. Many cited the belief that the “America First” doctrine has made the U.S. less attentive to its allies. This sentiment was strongest in South Korea, where 87 percent strongly agreed, and over 70 percent in the UK, Germany, Canada, Australia, and Italy shared the view.
Likewise, confidence among Global South countries has rapidly declined. Of the 23 surveyed, 19 expressed pessimism about future ties with the U.S. In South Africa, Egypt, Peru, Indonesia, and Malaysia, optimism dropped by more than 20 percentage points.
Tariff bullying damages global public’s goodwill towards the U.S.
Both surveys found widespread opposition to U.S. tariff policy. Some 74.2 percent of global respondents believe the policy will seriously harm their countries’ economic development – a figure up 16.3 percentage points in just two months. Disapproval grew most in Saudi Arabia and Serbia, where negative views surged by 28.5 percentage points.
In Southeast Asia, countries like Vietnam, the Philippines, Thailand, Indonesia, and Malaysia – seen as “hard-hit areas” of U.S. tariffs – have shown growing resistance. Among respondents in these five countries, 60.2 percent believe “strengthening export controls and unilateral sanctions” harms their national development, up 15.5 percentage points from the previous survey. Meanwhile, 69.4 percent opposed “limiting investment by foreign technology enterprises” (up 14.3 percentage points), and 61.5 percent viewed U.S. “reducing dependence on foreign imports and supply chains” as detrimental to their countries (up 12.3 percentage points).
China’s firm countermeasures against U.S. tariffs received strong global backing. In 37 out of 38 countries surveyed, majorities supported China’s actions. Support among developing countries was especially strong – 13 countries, including Kenya, Egypt, Brazil, Kazakhstan, Nigeria, Malaysia, the UAE, and South Africa, saw support rates above 70 percent, with Kenya topping the list at 82.5 percent. Among developed countries, the UK led the G7 with a 70.5 percent support rate, followed by Canada (69.5 percent), Germany (66 percent), and France (65.5 percent).
The surveys were jointly conducted by CGTN and Renmin University of China via the Institute of International Communication in the New Era. Respondents included individuals from developed countries such as the U.S., the UK, France, and Japan, as well as from developing nations including Mexico, South Africa, and Malaysia.
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IT-company Reputation House is the only one company from Dubai to be recognized as the winner this year
United Arab Emirates, 30th Apr 2025, – Reputation House, an IT-company based in Dubai, has been announced a winner at the American Business Awards (The Stevie® Awards) for its IT solutions in online reputation management. The company was recognized as a Gold Winner in two categories: Innovation of the Year (Business Services Industries) and Most Innovative Tech Company of the Year (Up to 100 Employees). Additionally, Reputation House received the Bronze Stevie® Award for Best Data Tools & Platforms.
This marks the second consecutive year the U.S. business community has honored Reputation House; the company captured one Gold and one Silver Stevie in 2024.
“Our 2025 tech expansion is about turning a once-traditional agency into a product-first software company,” said Dima Raketa, CEO of Reputation House. “Winning two Gold Stevies at America’s most respected business awards tells us we’re on the right path: our ecosystem of four interconnected tools will be redefining how global brands protect and grow their reputations. And we are just getting started.”
Kristina Shinkareva, COO, added: “This recognition belongs to our entire team — engineers and developers, data analysts, customer specialists, and every talent of Reputation House — whose hard work has turned big ideas into practical solutions that companies rely on every day.”
This year, Reputation House launched a full-scale technological transformation, unveiling four top-tier solutions that put complete online reputation control in clients’ hands. The new ecosystem starts with Reputation House Scan, which monitors mentions in 20+ languages, grades sentiment, and alerts teams to risks in real time. Account Control Center lets brands safely ignite and guide conversations across forums and social media, while the upgraded Reputation Check delivers fast, high-accuracy background reports on any partner, employee, or client. Rounding out the suite, the SERM Platform boosts search-engine rankings and surfaces positive content to the top of results pages.
Together, these tools mark Reputation House’s shift from a traditional agency to a product-driven tech company—and set a new standard for how businesses protect and grow their digital presence.
To learn more about Reputation House, visit: www.reputation.house
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Country:United Arab Emirates
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Press Release
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12 and 13 May 2025
- His Highness: Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as a global financial powerhouse
- Summit to draw over 8,000 attendees and 300 speakers from more than 100 countries, and over 1,000 investors alongside top decision makers, thought leaders and experts
- Essa Kazim: Through the summit, DIFC continues to showcase the tremendous opportunities for AI, FinTech and innovation companies in Dubai
- Future Sustainability Forum will be incorporated into the summit for the first time
- FinTech World Cup gives start-ups a platform to display solutions to investors, venture capitalists, and strategic partners
Dubai, UAE, 30th April 2025, ZEX PR WIRE, “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
– His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC
Government of Dubai Media Office – 13 April 2025: The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’. The Summit, held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, will bring together global industry leaders, innovators, and policymakers to explore the latest trends and insights driving the FinTech sector.
His Highness Sheikh Maktoum bin Mohammed said: “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
Drivers of FinTech growth
The FinTech sector continues to grow and by 2030 global revenues are expected to reach $1.5 trillion, representing an estimated 7% of the total financial services market. This growth is driven by advancements in artificial intelligence, blockchain and digital banking, creating new opportunities for financial institutions and technology companies worldwide.
Dubai FinTech Summit is at the heart of these developments. Its agenda will address the future of finance, financial innovation and regulatory compliance, while highlighting the challenges and opportunities the sector presents. It will also cover the latest in key areas such as blockchain technology, AI-driven services, and digital banking. Furthermore, the summit will explore investment trends, global economic shifts, and cross-border regulations.
Attracting talent
His Excellency Essa Kazim, Governor of DIFC said: “Through the Dubai FinTech Summit, DIFC continues to showcase the tremendous opportunities AI, FinTech and innovation companies can access when they establish in Dubai. As we relentlessly foster an environment of innovation and excellence, we are solidifying Dubai’s position as one of the world’s foremost destinations for FinTech talent and investment.”
Accompanying exhibition and Future Sustainability Forum
Providing a global platform for innovation, building partnerships and driving the next wave of FinTech advancements, the Summit will also feature an exhibition with 200 exhibitors.
The Future Sustainability Forum will be incorporated into the Dubai FinTech Summit for the first time, and the alignment is reflected in the Summit’s theme of ‘FinTech for All’. Associated sessions will highlight accessibility, inclusivity and empowerment in the financial sector.
Key speakers
Amongst the distinguished lineup of speakers are His Excellency Marko Primorac, Deputy Prime Minister and Minister of Finance of Croatia; His Excellency Gilles Roth, Minister of Finance, Luxembourg; Timothy Adams, President and Chief Executive Officer, Institute of International Finance (IIF), USA; Tony O Elumelu, Chairman of United Bank for Africa and Founder of Tony Elumelu Foundation, Nigeria; and Vijay Shekhar Sharma, Founder & Chief Executive Officer, Paytm, India.
The Summit will feature start-up and country pavilions in the exhibition arena to showcase cutting-edge solutions from emerging and established players. Additionally, the FinTech World Cup will give promising FinTech start-ups a global platform to display their solutions to investors, venture capitalists, and strategic partners, and an opportunity for investors to find the next big idea.
Reflecting the continued importance of FinTech to the finance industry, the event is being supported by Emirates NBD as Premium Banking Partner, Commercial Bank of Dubai as Strategic Banking Partner; Relm Insurance as Strategic Partner; Presight as AI Industry Leader; Pay10 and Alibaba Cloud as Platinum Sponsors; Seoul FinTech Lab as a Pavillion Partner; and Business Sweden as the Country Partner.
Registrations for Dubai FinTech Summit are now open at dubaifintechsummit.com.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 3rd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,000+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, global economic trends, blockchain and cryptocurrency, regulatory compliance, and investment outlook. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
For more information, contact:
Shadi Dawi
Sr. Director – PR, Comms., & Media
M: +971 55 498 4989 | E: shadi@tresconglobal.com
Media partners include:
Entrepreneur ME – Ecosystem Partner
Arabian Business – Business Media Partner
The FinTech Times – Newspaper Partner
Finance World Magazine – Finance Magazine Partner
The Technology Express – Technology Intelligence Partner
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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