Latest / Financial Survival Network / Fury Continues to Expand Gold Deposit at Percival Main with CEO Tim Clark

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Fury Continues to Expand Gold Deposit at Percival Main with CEO Tim Clark · Financial Survival Network

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  We've had three years of drilling. We've had a fair amount of success.
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  You know, we've been drilling effectively, so we know we're getting more meters
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  for what we projected, and we're coming in at lower costs. These are
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  all the right things that you want to hear a company doing the Financial Survival
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  Network now more than network, the Financial Survival Network, and welcome. This
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  is Financial Survival Network. I'm your host, Carrie Lutz. Hey, we're
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  getting a really exciting update from our sponsor, Fury Gold Mines. The CEO
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  Tim Clark is with US SVP of Exploration, Brian Atkinson, just got results
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  from three drill holes person all Maine. Brian. They are quite significant,
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  aren't they. Yeah, definitely. You know this of all fifteen gave us
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  one of the you know, the third highest inns ever on the on the
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  entire old Player property and obviously the highest ought at Percy val It's on the
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  easternmost end of Bersty Valve, which leaves it wide open for next year going
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  forward. You know, some really good other hits in. They're going to
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  get washed out by when you start talking about two hundred and seventy nine grams
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  gold over one point five meters, but this other good hits in there too
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  that have you know, eleven and a half grams over a meter and a
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  half. We've got zero point eighty six grams over forty eight and a half
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  met forty eight and a half meters. So we're seeing some really broad zones
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  of mineralization, some extremely high grades and it's all just leading us, you
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  know, to continue to explore out there. Do you have any indication of
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  what the underlying structure is there and you're getting close to something really major?
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  Yeah, we're definitely learning as we go. The geology out there is quite
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  complex, but when we modeled out this year's starting it was along a nice
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  place and we've been hitting the mineralization along the plane, so it's really well
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  behaved sort of late structural controls, and as we get our heads wrapped around
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  that, it's it's going to help with them mootdeling. So as we go
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  on to next year when we do the Eau Claire resource update, we'll be
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  putting out a maiden resource here at Bercy vall as well, just to kind
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  of quantify, you know, it's overall potential out there. So this is
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  this is basically what you live for here. I realized market hasn't given any
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  respect yet. But the results here are extraordinary. Look, everybody's been asking
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  us when our drawer results are coming, and here you go, this is
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  it. This is four times better than the whole we got last year.
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  The scent of stock up one hundred percent. So what's changed? And maybe
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  it's the market, but we've hit We've taken ten holes out of Perceval put
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  Golald and all of them I've not got one but two really great holes out
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  of it and it's wide open. And and as when you look back at
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  the Eau Claire resource, we're going to do a resource update this year.
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  We focused on the Hinge because we wanted to build that out and get as
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  much into the resource as we could. And uh, but there's still a
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  couple other holes out there which are big reach outs and a couple of these
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  anomalies. We've only reported a third of our our our drill results this year
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  and we've got a lot more to go. At the same time, I
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  think investors should keep in mind that you know, Dolly Hecla just took another
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  five percent of Dollie and they've been spending a lot of time with their data
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  team. I was up at the up at the camp the summer in August
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  with Phil Baker. They're not buying more because I don't like it, right,
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  They're buying more because they like it a lot, and and uh Shaw's
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  doing a great job, and I see a pathway for that happening. I
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  think what they wanted to get is a little more high grade so they can
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  justify what they're going to be stunding in Capex. And you know what they're
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  getting it and they were out on Monday with big news. So and as
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  far as the investors who are were looking at Fury and Valley Gordon, I
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  don't know what you're waiting for, because that you've gotten what you've asked for,
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  and we've gotten still more drill holes coming. Plus we got the resource
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  update, and I think there's other opportunities for Fury on top of that with
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  the joint venture. And we've had a great trip out to Beaver Creek this
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  year. We spent a week doing meetings there as well as Denver Gold and
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  it was it was great for us. So it was the you know,
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  we've got a lot of attention, not only investors but also on the corporate
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  side looking at all of our properties. So this is what you hope for.
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  Maybe the market's not there by the time you decide to get in.
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  Uh this this stock could move and you miss. So I just I think
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  it's it's it's a great time of year to be evolved. Well, we
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  less spoke. Basically when you deducted the value of Dolly Varden was ten million
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  dollars. Basically for all of the discoveries that you've made. Now we're to
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  eight million, and the picture for Fury has only improved. Well, you're
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  you're it's getting priced going in the bankruptcy. But we've got forty five million
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  dollars in equity in the company, we got eight million dollars in the treasury.
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  We're probably one of the top three. I have to assume, and
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  I've been told this, uh if financed juniors in the sector and the story.
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  We're at a great position. We're not going out of business. We
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  got money in the bank. We're excited to see what the drill holes are.
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  We got five more holes coming out of person Ale and I am looking
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  forward to in the next year because we're we've got a nice setup for a
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  lot of positives, right, So speaking of next year, Brian, so
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  obviously focus is going to be big on Personval. But I remember, I
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  think it was two years ago I had Michael Henrickson on and we just drilled
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  the hinge and he was super excited about that. But now perse of all
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  is kind of eclipsing the hinge, isn't it in a sense? Yes,
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  But the hint has been delivering really well through this year is where we've been
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  drilling it, and that's where we're going to see a lot of resource growth
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  at Euclaire and it still remains open to depth and out to the west as
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  well, and we've been drilling it back east into the resource this year,
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  doing some infil for that and it's been delivering some really good results out there
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  as well. So you know, next year's focus, obviously, we're gonna
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  be looking at Percy Vaal and out along the Percy Val trend, where we've
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  got some really exciting anomalies that we were able to follow up on this year
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  if we drilled two of them. So we're waiting on those results as well,
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  and then you know next year between Plaier, some of the prospects at
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  Percy Val and along the pers of all Trent up to Serendipity and then as
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  Tim mentioned, out of the joint venture at Elie and our south. So
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  lots of lots of targets. We've been moving things through the pipeline as we're
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  drilling targets, and you know, all the targets we've been drilling have been
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  giving so far. So it's a quite exciting time here at Theory. Yeah,
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  you've been hitting right and left. They give us a little teas as
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  to the give us a little tees as to the resource update, whatever you
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  could tell us about it. Obviously it's going to be substantial upgrade. Well,
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  it's coming out after we get our drill results, so probably sort of
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  the end of the first quarter. I don't know what the number will be
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  that you know, the hope is that we're going to at least show a
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  pathway to get to one point a to two million ounces. And I don't
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  all know the numbers, so I don't want to hang it out there,
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  but it's we haven't had an update in five years, and we've had three
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  years of drilling. We've had a fair amount of success. You know,
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  we've been dribbling effectively so we know we're getting more meters for what we projected,
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  and we're coming in at lower costs. Uh. You know this is
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  this is these are all the right things that you want to hear a company
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  doing. And I think that the real goal here too is Eau Claire to
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  me already looks like a big enough to where if you add on some discoveries
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  like personal and and maybe one or two of these anomalies, We've got thirty
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  kilometers of this Canard deformation zone and we've only touched part of it. And
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  all these all these resources and projects and anomalies are all within a kilometer of
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  this Canard deformation zone and they all have the same geophysical signature and structure and
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  GEOCM. And you know it's starting. You know, the bigger companies are
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  going to start paying attention to it at some point. At the same time,
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  you know, what I think is interesting about Fury is we have a
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  lot of optionality because it's not just about building a resource. It's not about
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  just taking a step at perceval or anomenally. But we we've got a lot
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  more on our on our plate where we've got you know, unique relationships with
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  some of these big producers as well as some big investors that are coming in,
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  and we know we can grow where we when we need it, and
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  but we we certainly would like to get some credit near term for what we've
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  done. Eventually that's going to come. But the good thing is that,
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  well, you're anxious for it to come. You want it to come because
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  that's what you're you're here for, the fact is you don't need for it
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  to come tomorrow or next week. You've got a little comfort, like you
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  said, because you're so well capital lized and the optionality play, right,
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  that's that's Look, it's uh, if you're gonna buy a junior, I
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  I find I don't know how you I don't know why you wouldn't buias.
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  I just don't. It's just, uh, we've got a lot of boxes
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  checked and I think the missing piece was having some high grade discovery and we
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  got it. Yeah, and you mentioned that previously a couple of times.
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  You're looking for the high grade here it is, we got it. Hey,
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  not to mention the gold two thousand dollars just a hair's breath under two
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  thousand right now. So that's probably going to add to the mix as well.
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  Well, I think it's going to credate some consolidation next year, and
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  and we're a hair within you know, I think rates coming down. If
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  rates come down, Gold's going to bust through that two thousand without even blinking.
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  So and then it'll flow right down stream from the big the make cap
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  to the small cap. And when it comes in, it comes in in
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  a hurry. So you know, I hear, you know, I hear
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  a lot of guys like they want to trade these names and you know,
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  you know, buy them in front of the drill results and sell them after.
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  But you got to remember, the big money is made when you're catching
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  the big flows coming in in the on a turning point in the macro call.
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  And I think we're close. I think we're very close. It certainly
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  feels that way. So Brian twenty four. Obviously it's going to be a
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  big year, probably bigger than this year because your targets are so much more
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  refined of doing the same amount of drilling, your emphasis, perseval hinge and
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  where else are we looking at? Yeah, well, right now we're still
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  trying to put it all together. We're waiting on as to mentioned, two
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  thirds of our drill results from this year, but definitely Eau Claire, but
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  away from the Hinge, you know, looking at other areas. You know,
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  we've made a big, substantial increase to the resource footprint at the Hinge.
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  Is there somewhere else Toronto player where we can make as big as an
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  impact. We think so with the gaps on and the East extension, so
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  we want to be targeting those. We've got Percy Val. We did some
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  geochemistry along the Canard deformation zone out to the east and our lack Clarkey property.
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  Plus we've got you know, thirteen other normalies that along the personnel trend
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  itself and up up at Serendipity where we did some additional geochemist year as well.
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  So once all the results sort of filter in and everything, we're looking
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  at another good year for sure in twenty four. And don't forget the joint
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  venture because we would have we wanted to go there this year, but we
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  certainly definitely want to go back next year. All right, So at some
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  point I'm going to be talking to you, Tim, and everything will have
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  played out. That was good. They think they're playing out here and you're
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  gonna have a different It's exciting, it's exciting times. I really believe it.
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  Yeah, hey, and the companies moving ahead. How many other companies
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  out there are literally on care and maintenance. You continue to drill, continue
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  to find the metal and intersect the new zones of mineralization. Got to be
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  exciting, yea, thanks Kerin. All right, So, hey, go
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  over to Furygoldmines dot com. Sign up for notifications. You'll get the latest
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  drill results like we just got here. And of course the ticker symbol in
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  New York on the New York American and the TSX is Fury f you r
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  y gentlemen. Thanks for stopping by. We'll be touching base with you again
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  shortly, I'm quite sure. Thanks Carrie, take care. Thanks very much.
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  Krry The Financial Survival Network