Fury Gold Mines - Beaver Creek Meetings With Corporates, New Serendipity Discovery on Eau Claire
While at the Precious Metals Summit in Beaver Creek I had the chance to sit down and get an update from the management team at Fury Gold Mines (TSX:FURY - NYSE:FURY). Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration at Fury Gold Mines joined me to discuss the types of companies they were meeting with at the conference and provide an update on the recent Serendipity discovery on the Eau Claire Project.
Starting with the conference meetings, they noted that 75% of meetings were with corporate entities, showing increased focus on all of Fury's assets. The Eau Claire project in Quebec is highlighted, including the spring resource update that added 40% more ounces. I ask what these corporates are looking for and what types of deal Fury management are looking for.
Shifting to the recent drill results, Bryan elaborates on the new Serendipity discovery, explaining the systematic exploration approach that led to this discovery and potential at many other targets. We discuss possible follow up work at this new discovery and future drilling planned at the Eleonore South.
We wrap up with a financial overview of the Company, including a market cap of about C$80 million, with approximately $5 million in cash and significant holdings (around 19%) in Dolly Varden Silver.
If you have any follow up questions for Bryan and the team at Fury please email me at Fleck@kereport.com.
