Fury Drills 6.5 Meters of 216.8 g/t Silver Including 1.0 Meter of 1,260 g/t at Guijoso
February 14 2008 - 1:34PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: FUR) announces that it
has received all assays from Phase 1 drilling at the Company's 100%
controlled Guijoso property in Jalisco State, Mexico. Between
September and November, 2007 Fury completed 13 diamond drill holes
for a total of 2,017 meters. The program was designed to test a two
kilometer strike length of a vein system, which in previous surface
sampling by the Company, returned high grade silver and gold
values.
DRILL HIGHLIGHTS:
DDH-010 - 6.5 meters grading 216.8 g/t Ag and 0.247 g/t Au
Including - 1.0 meter grading 1,260.0 g/t Ag and 1.325 g/t
Au
DDH-012 - 8.0 meters grading 106.2 g/t Ag and 0.020 g/t Au
Including - 5.0 meters grading 148.4 g/t Ag and 0.028 g/t Au
The company is pleased with the results and is considering a
follow-up program of concentrated reverse circulation drilling to
expand the zones outlined from surface sampling and phase I diamond
drilling. In addition the Company has initiated a detailed program
of reconnaissance, mapping and sampling to investigate other
unexplored silver targets within the Company's 5,080 hectare
concession.
Three holes were drilled to test the north section of the vein
system. One hole (DDH-010) intersected a 6.5 meter zone averaging
216.8 g/t Ag and 0.247 g/t Au including a 1.0 meter vein that
assayed 1,260 g/t Ag and 1.325 g/t Au. The second hole was lost at
a shallow depth, and the third intersected a zone of veinlets with
weak gold and silver values.
Three holes were drilled on the south part of the vein system in
the area of historical workings. One was lost in a fault zone prior
to reaching target depth and the other two intersected highly
anomalous zones including 1.0 meter of 100.0 g/t Ag and 3.0 meters
of 41.0 g/t Ag in hole DDH-009 and 106.2 g/t Ag over 8.0 meters
including 148.4 g/t Ag over 5.0 meters in hole DDH-012.
Seven holes tested a 400 meter long section of the vein (the
central section) that had previously returned several high gold
assays in surface samples. One of the holes was lost in a shear
zone close to target depth and the remaining six intersected zones
anomalous in gold and silver.
Results of the drilling show that the vein system is not always
a discrete vein and is often associated with clay rich shears and
zones of fine veinlets over significant thicknesses.
Diamond drill core was split by company employees in a secure
core shack near the drill site. Split samples were shipped to
Guadalajara to ALS Chemex preparation laboratory where they were
crushed and pulverized by standard procedures. A split of the pulp
was then sent to the ALS Chemex laboratory in Vancouver for
assaying. Gold was assayed by Chemex's AA23 method (fire assay with
atomic absorption finish) and the remaining metals are assayed by
Chemex's ICP-41 method (induced coupled plasma).
------------------------------------------------------------
HOLE FROM TO LENGTH TT Ag Au
NUMBER (m) (m) (m) (m) (g/t) (g/t)
------------------------------------------------------------
NORTH VEIN
------------------------------------------------------------
DDH-006 94.0 99.5 5.5 5.0 10.9 0.139
------------------------------------------------------------
DDH-010 166.0 172.5 6.5 5.0 216.8 0.247
------------------------------------------------------------
Incl 166.0 167.0 1.0 0.8 1260.0 1.325
------------------------------------------------------------
CENTRAL VEIN
------------------------------------------------------------
DDH-002 108.0 111.0 3.0 2.0 13.4 0.168
------------------------------------------------------------
DDH-004 75.0 90.0 15.0 9.5 10.3 0.111
------------------------------------------------------------
DDH-005 180.0 181.5 1.5 1.2 12.1 0.054
------------------------------------------------------------
And 216.0 217.0 1.0 0.8 15.4 0.106
------------------------------------------------------------
DDH-007 109.0 113.5 4.5 4.0 3.8 0.234
------------------------------------------------------------
And 116.9 121.0 4.1 3.7 6.1 0.285
------------------------------------------------------------
DDH-013 126.0 138.0 12.0 7.0 8.0 0.132
------------------------------------------------------------
Incl 127.5 129.0 1.5 1.0 32.7 0.117
------------------------------------------------------------
SOUTH VEIN
------------------------------------------------------------
DDH-009 25.0 26.0 1.0 1.0 100.0 0.018
------------------------------------------------------------
And 96.0 99.0 3.0 3.0 41.0 0.023
------------------------------------------------------------
DDH-012 21.0 29.0 8.0 8.0 106.2 0.023
------------------------------------------------------------
Incl 24.0 29.0 5.0 5.0 148.4 0.028
------------------------------------------------------------
- A total of four holes not reported in the table either did
not intersect significant mineralization or were lost due
to ground conditions.
The current exploration program at Guijoso is being managed by
geologist, Senor Antonio Montante of San Luis Potosi, Mexico. Mr.
Ken Thorsen, B.Sc. P.Eng., Chairman and Director of Fury
Explorations has reviewed the content of this press release, and is
the Qualified Person for the Company, as defined by National
Instrument 43-101.
About Fury Explorations
Fury Explorations is a silver focused exploration and
development company uniquely positioned to become a near-term,
unhedged silver producer during what may be a prolonged period of
strong metal prices. The Company's Nevada based Taylor project is
expected to enter commercial production during Q1 2009 without the
burden of significant capital expenditure and is the center piece
of the Company's strategy for internally funded growth and
discovery. Concurrent with pre-production activities, the Company
is assembling and exploring a pipeline of several early stage,
prospective silver concessions in Mexico. Fury Explorations has
28.3 million shares outstanding and $3.6 million in working
capital.
FURY EXPLORATIONS LTD.
Steve Vanry, CFA, President & CEO
Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the corporations' periodic
filings with Canadian Securities Regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. Statements in
this press release other than purely historical information,
including statements relating to the company's future plans and
objectives or expected results, constitute forward-looking
statements. Forward looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the company's business, including risks inherent in
mineral exploration and development. The company does not assume
the obligation to update any forward-looking statement.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Fury Explorations Ltd. Steve Vanry, CFA President and
CEO (604) 689-1810 (604) 689-1817 (FAX) Website:
www.furyexplorations.com
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