Eleonore South JV

Overview & Highlights

Fury owns a 36.7% interest in the Eleonore South JV project, Newmont owns 36.7% and Azimut Exploration owns the remaining 26.6%. It is located in the Eeyou-Istchee/James Bay region of Quebec approximately five kilometers south of Newmont’s Eleonore mine property, which hosts the +5 million-ounce Roberto gold deposit. The Eleonore mine geology has been interpreted to extend onto the Eleonore South property. Fury currently acts as manager and operator of the joint venture on behalf of the partners.

Eleonore South JV Project Highlights:

  • Exploration stage
  • Interpreted geological extension from the adjacent Newmont-owned Eleonore mine
  • Host to the same mineralized tonalite body as Sirios Resources Cheechoo Deposit
  • Over 14,700 hectares

Location & Infrastructure

The Eleonore South JV project is located in the James Bay region of Quebec. It is accessible by helicopter and float-equipped fixed wing.

The project benefits from existing infrastructure which includes:

  • Exploration camp
  • Core storage
  • Proximity to all-weather road
  • Winter trail into camp

Project Geology

The late (2.61 billion-year-old) Cheechoo tonalite is interpreted to be a mushroom shaped intrusion with a 450 to 500 m thick, roughly tabular top having a shallow to moderate dip to the south along its southern contact and a moderate dip to the west along its western contact (JT Prospect area). The Contact Trend is interpreted to represent a decompression stockwork zone close to the top of the intrusion. This mineralized zone may extend downwards, parallel to, and below, the contact with the overlying metasedimentary country rocks.

Numerous indicators suggest this tonalite-hosted corridor corresponds to a large-scale late-magmatic hydrothermal system. These include the presence of local hydrothermal breccia, sheeted veins, extensive and significant intervals of pervasive silicification and albite alteration. Variable amounts of biotite, albite and actinolite alteration along with low levels of disseminated pyrite (py), pyrrhotite (po) and arsenopyrite (aspy) are also present. This type of alteration and sulphide mineralization correlate to results reported by Sirios nearby in the Cheechoo tonalite. Gold commonly occurs as small discrete visible gold grains.

Exploration

The focus for exploration has been on the east sector of the property in the metasediment and tonalite contact, at the Moni and Contact showings. 

Highlights to-date from drilling at Eleonore South include:  4.88 g/t Au over 45.0 m (Moni); 1.02 g/t Au over 92.0 m (Contact trend), including 7.36 g/t Au over 8.2 m (ES19-157) and 7.44 g/t Au over 9.7 m (Contact trend), including 63.2 g/t Au over 0.8 m, at 111 m vertical depth (ES19-156). 

Highlights from surface channel sampling include 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m.  Boulder samples have returned assays up to 1,500 g/t Au. 

Communities & the Environment

Fury Gold Mines understands the shared value that mining can bring but also understands its risks and the importance of responsible and sustainable development. The Company strives to maintain the highest standards of environmental protection and community engagement throughout all of its projects.

Eleonore South JV News Releases

Oct 1, 2019

Dec 17, 2018

Sep 11, 2018

Jul 18, 2018

Feb 27, 2018

Dec 12, 2017

Nov 16, 2017

Oct 17, 2017

Aug 9, 2017

Jul 20, 2017

May 30, 2017

May 2, 2017

Mar 1, 2017

Nov 21, 2016

Nov 3, 2016

Sep 21, 2016

Aug 29, 2016

Jun 16, 2016

Subscribe for Updates