Fury Gold Mines – Just Raised $11million, Drilling At Eau Claire Deposit and Targeting Developments At The Percival Prospect
Tim Clark, President and CEO of Fury Gold Mines (TSX:FURY – NYSE:FURY) joins us to update us on a number of news releases over the past month. We recap the closing of an $11million financing, drilling that is underway at the Eau Claire Deposit (in Quebec) and targeting updates at the Percival Prospect.
Starting with the $11million financing, Tim shares some details on a couple significant players that took part in the financing. This brings the cash position of the Company up to around $15million in the bank.
We then move onto the drilling that is ongoing at the Eau Claire Deposit. The main targets being drilled include the Eastern Extension, Hinge Zone, and Snake Lake. Tim breaks down what the goals are at each of these areas. Results are expected to start rolling out in June.
We wrap up with the May 16th news release that reports the results of a geophysical survey at the Percival Prospect. The Percival Prospect is anticipated to be drilled in July.
If you have any follow up questions for Tim please email us at Fleck@kereport.com and Shad@kereport.com.