Canada-focused exploration company Fury Gold Mines on Monday announced that it would buy Newmont’s 49.978% interest in the Éléonore South project for C$3-million.
Situated in a prolific mineral-rich zone, Éléonore South is positioned adjacent to Newmont’s Éléonore mine to the north and Sirios Resources’ Cheechoo deposit to the east.
In addition to the Éléonore South consolidation, Fury has entered itno an agreement to purchase 30 392 372 shares of Sirios Resources from Newmont for C$1.3-million for investment purposes.
“Given the calibre of gold anomalies that we see at Éléonore South, paired with the access to infrastructure and excellent address, we are looking forward to exploring the project in 2024,” commented Fury senior VP of exploration Bryan Atkinson.
He pointed out that Éléonore South was surrounded by more than 4.5-million ounces of gold, encompassing two distinct mineralisation styles. This, he emphasised, underscored the robustness of the regional gold system and signified significant exploration potential.
“Our team is excited to apply Fury’s systematic and disciplined exploration approach to Éléonore South,” stated Atkinson.