TORONTO, ON / March 30, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce results from three additional exploration drill holes targeting a 550 to 660-metre (m) extension from the known resource at the Eau Claire deposit located in the Eeyou Istchee Territory in the James Bay region of Quebec (Figure 1). Drill hole 21EC-007 intercepted 1.0m of 15.3 g/t gold (Au) and drill hole 21EC-010 intercepted 1.5m of 8.8 g/t gold. This mineralization is situated within the same structure that intercepted 3.0m of 2.59 g/t gold from 21EC-006 (refer to news release dated January 25th, 2021) and collectively these holes have significantly expanded the deposit footprint at Eau Claire.

 

"Our initial drill program at Eau Claire was designed to survey and test areas of potential expansion at the deposit and on the immediate deposit trend," commented Mike Timmins, President and CEO of Fury. "We are only a quarter of the way through the program and we have already determined that Eau Claire extends at least 600 metres down plunge. In addition, we intersected a second gold-bearing structure at depth, which we believe to be associated with the Snake Lake surface target. We expect to release more infill drill results in the coming weeks, as well as introduce our drill plan for the West Gap area, to potentially extend Eau Claire to the west."

TORONTO, March 23, 2021  - Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) and UrbanGold Minerals Inc. (TSXV: UGM) (“UrbanGold”) are pleased to announce that the companies have entered into a definitive agreement (the “Agreement”), pursuant to which Troilus has agreed to acquire all of the issued and outstanding common shares of UrbanGold (the “UrbanGold Shares”) that it does not currently own (the “Transaction”). Troilus currently owns 6,156,291 UrbanGold Shares, or approximately 9.7% of the UrbanGold Shares outstanding. The Transaction is being carried out by way of a three-cornered amalgamation (the “Amalgamation”) under the Canada Business Corporations Act (Canada). UrbanGold shareholders will be asked to vote on the Amalgamation at a special meeting of UrbanGold shareholders (the “UrbanGold Meeting”) with closing expected to take place by the end of May 2021.

 

Under the terms of the Agreement, UrbanGold shareholders will receive 0.3004 of a Troilus common share (the “Troilus Shares”) for each UrbanGold Share (the “Exchange Ratio”). The Exchange Ratio implies a consideration of C$0.30 per UrbanGold Share based on the 20-day volume weighted average price (“VWAP”) of the Troilus Shares on the Toronto Stock Exchange (“TSX”) on March 22, 2021 for a total consideration of approximately C$19 million on a 100% and basic basis. 

696 g/t Au Over 2.5 Metres in Triple Lynx

507 g/t Au Over 2.1 Metres in Lynx Main

 

TORONTO, March 23, 2021 -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

 

Significant new analytical results presented below include 99 intercepts in 50 drill holes (8 from surface, 22 from underground) and 20 wedges. The intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021).

 

Drilling is currently focused on the Lynx deposit. Osisko Chief Executive Officer John Burzynski commented: “Today’s infill results in Lynx and Triple Lynx continue to deliver outstanding numbers as demonstrated with our two headline holes, each of which has a subinterval over 1 kilogram of gold per tonne. The infill program continues to confirm the superb high-grade areas found within the Lynx zones.”

 

Selected high-grade intercepts include: 696 g/t Au over 2.5 metres in WST-20-0613; 507 g/t Au over 2.1 metres in WST-20-0632; 133 g/t Au over 3.7 metres in WST-21-0622; 70.0 g/t Au over 6.0 metres in OSK-W-20-2375-W2; 148 g/t Au over 2.0 metres in OSK-W-20-2283-W5; 71.2 g/t Au over 4.1 metres in OSK-W-21-2369-W2; 120 g/t Au over 2.3 metres in WST-21-0648B, and 56.4 g/t Au over 4.0 metres in WST-21-0656. Maps showing hole locations and full analytical results are available at www.osiskomining.com

VANCOUVER, British Columbia, March 18, 2021  -- Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to report initial results from its 15,000 m Phase 1 diamond drilling program at the Los Reyes project in Sinaloa State, Mexico. Results have been received from drill hole 21GE-01 at Guadalupe East and surface sampling at Mina 20/21 has discovered new high-grade mineralization 1.3 km northeast of Guadalupe East in an area of unrecorded historic mining (see Figure 1).

 

Key Highlights:

 

21GE-01, the first drill hole at Guadalupe East intersected 20.1 metres (m) at 3.25 grams per tonne (“gpt”) gold (“Au”) and 380.0 gpt silver (“Ag”), including 6.5 m at 6.51 gpt Au and 587.5 gpt Ag. At 320 m below surface, this vein intersection is the deepest exploration drilling ever on the Los Reyes project, this intercept is approximately 40 m below any historic underground development and extends bonanza grade mineralization 150 m below any drilling by previous operators.

21GE-01 also intersected 3.8 m at 3.69 gpt Au and 305.1 gpt Ag including 2.1 m at 6.18 gpt Au and 507.1 gpt Ag in the San Nicholas vein below the bottom of the currently defined open pit resource and 80 m along strike from any historic drilling.