11:31 AM EDT, 03/20/2024 (MT Newswires) -- Fury Gold Mines Ltd. ( FURY ) said Wednesday that it is commencing a 2,000-meter diamond drilling program at the Eleonore South gold project in Quebec.

The drill campaign will start in early April and will focus on the Moni trend.

"This area, given its strategic significance near the border to Sirios' Cheechoo deposit, proximity to the operating Eleonore mine, and historical high-grade gold drill intercepts, represents a tremendous amount of potential upside to investors," CEO Tim Clark said.

The company said it will also explore other priority targets across the property.

Fury Gold Mines ( FURY ) at last look gained 4.1% in early Wednesday trading.

Price: 0.51, Change: +0.02, Percent Change: +4.08