Past year: ▼ 9%(74.0c – 1.06 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Jan 2024drilling result▲ GoodMajor
Fourth batch from the 2023 Hinge drilling: 31.77 g/t gold over 3.5 metres from 23EC-077, 65.30 g/t over 0.5 metres and 14.25 g/t over 1 metre from 23EC-074, and broader intervals of 2.56 g/t over 7.5 metres and 3.41 g/t over 6.5 metres.
28 Nov 2023drilling result▲ Good
More Hinge infill: 5.5 metres of 4.52 g/t and 3 metres of 3.34 g/t from 23EC-069, 1 metre of 20.20 g/t and 3.5 metres of 3.51 g/t from 23EC-070, and single-metre intercepts of 19.55 g/t. About 19,000 metres in 31 holes drilled, with eleven more holes' assays outstanding.
6 Nov 2023drilling result▲ GoodMajor
A 70-metre step-out at Percival Main, hole 23KP-015, cut 279 g/t gold over 1.5 metres along with 5 metres of 2.68 g/t and 7.5 metres of 2.31 g/t. The three holes testing the westerly continuation of the December 2022 intercept of 13.5 metres at 8.05 g/t were far weaker - 22.5 metres of 0.52 g/t, 19.5 metres of 0.66 g/t - so the high grade did not carry west as hoped.
3 Oct 2023drilling result▲ Good
Two infill holes at the Hinge target returned 3.5 metres of 5.73 g/t gold and 7.43 g/t gold over 2.5 metres within 4.5 metres of 4.65 g/t. The assays also report tellurium at 11.27 and 8.72 g/t, a pathfinder the company had not previously quoted.
3 Aug 2023drilling result▲ Good
First three holes of 2023 at the Hinge target returned 5 metres of 3.6 g/t gold within 14 metres of 2.37 g/t, plus 6.5 metres of 2.66 g/t, 6 metres of 2.77 g/t and 1 metre of 10.35 g/t, pushing the target 50 metres further out. This year's drilling is aimed at supporting a resource update at the end of the season.
10 July 2023drilling progress report▲ Good
Restarted drilling at Eau Claire and Percival about five weeks after the fire evacuation order was eased.
5 June 2023drilling progress report▼ BadMajor
Stopped all work at Eau Claire and evacuated crews after Quebec's Minister of Natural Resources ordered every mining exploration activity in the territory to halt because of wildfires. An outside interruption to the drill season, not a geological or funding problem.
31 May 2023drilling progress report● Neutral
Mobilised a second rig to Percival for about 5,000 metres to chase the high-grade mineralisation west and down dip and test some of fourteen priority targets along the trend. The same release discloses that chief financial officer Lynsey Sherry is leaving on 23 June, with controller Phil Van Staden stepping up on an interim basis.
13 Apr 2023drilling progress report● Neutral
Started the 2023 programme at Eau Claire with 10,000 to 15,000 metres on the Western Hinge, Gap Zone and North Limb targets, Percival drilling to follow in the second quarter.
11 Apr 2023drilling progress report● Neutral
Planned 15,000 to 20,000 metres at Eau Claire for 2023, split between expanding the resource, following up the Percival results and advancing Cannard Deformation Zone targets to drill-ready.
13 Feb 2023drilling progress report● Neutral
Soil sampling at the wholly owned Lac Clarkie ground east of Eau Claire defined eight gold targets, six of them along the Cannard Deformation Zone that also hosts Eau Claire and Percival, none yet drill-ready.
23 Jan 2023drilling result▲ GoodMajor
Final three holes of 2022 at the Hinge target, including 22.77 g/t gold over 1.5 metres. Across the eleven Hinge holes drilled so far the company puts the hit rate at nearly 55% above the underground measured and indicated grade of 6.3 g/t gold and over 80% above the 2.5 g/t cut-off - a hit rate stated by the company, and the clearest measure yet of how well the target is working.
21 Dec 2022drilling result▲ GoodMajor
Eight holes at Percival, 14 kilometres east of Eau Claire, included an 85-metre step-out with 13.5 metres of 8.05 g/t gold (including 3 metres of 25.8 g/t) and a 150-metre step-out with 7.5 metres of 4.38 g/t. The high-grade core plunges steeply west and remains open in all directions.
21 Nov 2022drilling result▲ GoodMajor
Three holes into the Gap Zone between the main 450 Zone and the Hinge target: hole 22EC-058 cut three zones over 42.5 metres including 1 metre of 45.00 g/t gold and 1 metre of 5.55 g/t, extending mineralisation about 150 metres west and 315 metres down dip of the resource. The gap between the two productive areas is closing.
24 Oct 2022drilling result▲ GoodMajor
Two more Hinge holes pushed mineralisation a further 125 metres west. Hole 22EC-055 cut eight zones across 290 metres of drill width including 4 metres of 5.75 g/t gold, 1 metre of 9.81 g/t and 3 metres of 1.93 g/t.
3 Aug 2022drilling result▲ GoodMajor
Fury reported seven Eau Claire holes, three of them at the Hinge target, where hole 22EC-048 returned four high-grade zones (1 m of 20.6 g/t, 1 m of 14.19 g/t, 3.5 m of 5.86 g/t, 3.5 m of 4.79 g/t). Fury said the Hinge drilling showed a potential 330 m, or 20%, increase in strike length.
22 June 2022drilling progress report● Neutral
Sent a second rig to Percival for about 6,500 metres, aimed at extending the higher-grade core down plunge and testing a parallel fold hinge 500 metres east.
16 May 2022drilling progress report▲ Good
Completed a 29 line-kilometre induced-polarisation survey at Percival covering eight of the fifteen biogeochemical targets, finding resistivity anomalies over 6.5 kilometres of strike that match the signature of the known silica-breccia gold bodies.
7 Apr 2022drilling spud▲ Good
Started a roughly 15,000-metre 2022 programme at Eau Claire, split between the southeast margin of the deposit, the Western Hinge target that produced 9.36 g/t over 3 metres in November, and Percival.
16 Feb 2022drilling result▲ Good
Results from the 2021 Raven drilling at Committee Bay: 1.5 metres of 9.18 g/t gold and 1 metre of 7.30 g/t in hole 21RV-012, and 8 metres of 0.88 g/t in 21RV-011, extending mineralisation 160 metres down dip and 70 metres along strike, plus a grab sample of 32.90 g/t gold from a new outcrop 150 metres south. Narrow widths, and Raven remains a vein prospect rather than a deposit.
2 Feb 2022drilling result▲ GoodMajor
Eight holes at Snake Lake, a kilometre east of the Eau Claire resource, returned 1.5 metres of 20.70 g/t gold, 2.50 metres of 5.16 g/t and 1.5 metres of 7.14 g/t, taking the shallow mineralised footprint there past 950 metres of strike.
26 Jan 2022drilling progress report▲ Good
Biogeochemical sampling over six and a half kilometres of folded stratigraphy at Percival produced fifteen gold anomalies on a structural orientation nobody had recognised before, to be followed by a ground geophysical survey. Crews were mobilised back to Eau Claire.
18 Jan 2022drilling progress report● Neutral
Year-end review under the new chief executive: the C$5.6 million October placement, the agreed C$50 million Homestake Ridge sale expected to close in February, and expansion drilling at Eau Claire and Committee Bay. The company now has one financing, one asset sale and two projects rather than five.
1 Dec 2021drilling result▲ GoodMajor
Hole 21TB-152, drilled 120 metres down dip of the Three Bluffs resource at Committee Bay, hit three high-grade zones over 30 metres including 10 metres of 13.93 g/t gold, 3 metres of 18.67 g/t and 1 metre of 23.2 g/t - the company calls them the best results the project has seen in five years, and they came from a meta-sediment unit that was not expected there. Four holes at Raven were still pending.
29 Nov 2021drilling result▲ GoodMajor
Hole 21EC-041 cut seven mineralised zones over 110 metres of drill width at the Hinge target, including 3 metres of 9.36 g/t gold, 3 metres of 3.38 g/t and 1.5 metres of 4.94 g/t, about 100 metres below the defined resource. The western end of Eau Claire is now open down plunge as well as the eastern.
7 Sept 2021drilling progress report● NeutralMajor
New chief executive Tim Clark, replacing Mike Timmins, set out a narrower plan: concentrate on Eau Claire and Committee Bay, put at least 70% of spending into exploration and drilling, run a strategic review of non-core assets, and cut overheads by going virtual in Toronto and sharing costs with sister companies. The strategic review is what leads to the Homestake Ridge sale three months later.
4 Aug 2021drilling result▲ GoodMajor
First holes into the previously untested Hinge target at the western edge of Eau Claire returned 1 metre of 12.81 g/t gold and 8 metres of 1.18 g/t gold, in the same iron-rich basalt and quartz-tourmaline veining that hosts the resource. All three holes hit stacked mineralised zones.
14 July 2021drilling spud▲ GoodMajor
Started 5,000 metres at Committee Bay across a 270,000-hectare position, aimed at the Raven vein prospect - where historical holes returned 2.8 metres of 31.1 g/t gold and 5.49 metres of 12.6 g/t gold - and at ground below the Three Bluffs resource.
2 June 2021drilling result● Neutral
Reinterpreted airborne magnetic and electromagnetic data to reframe regional targeting at Eau Claire around two mineralisation styles - the quartz-tourmaline veins of the deposit and the sediment-hosted breccias of Percival, both along the Cannard Deformation Zone.
25 May 2021drilling result▲ GoodMajor
Hole 21EC-022 cut 23.27 g/t gold over 7.09 metres on the southeast margin of the resource, which the company says is the fifth best intercept by grade and width of more than 900 holes ever drilled at Eau Claire. Drilling now turns to the 220-metre gap between the resource and the Target A panel.
