The Éléonore South project is in an area of prolific gold mineralization with Newmont’s Éléonore mine to the north and Sirios’ Cheechoo deposit to the east.
Newmont said last week it planned to sell six non-core assets, including Éléonore in Quebec, the Musselwhite and Porcupine mines in Ontario, the Coffee project in the Yukon Territory and its 70% stake in the Havieron joint venture with Greatland Gold in Western Australia, with proceeds from the transactions will be used to cut debt.
“Our team has historically ranked the ESJV as one of our more prolific targets for discovery,” Fury Gold Mines CEO Tim Clark said in a news release. “We are excited to now have 100% ownership as we expect this to provide a clearer pathway for more exploration and potential upside in returns for our investors from this project consolidation and investment in Sirios.”
Prospecting to date has identified two distinct styles of…
