| Dear Eric LEmaire, |
PR2008-05 |
FURY�DRILLS�6.5�METERS�OF�216.8�g/t�SILVER�INCLUDING�1.0�METER�OF 1,260�g/t�AT�GUIJOSO��
Vancouver, BC - February 14, 2008 - Fury Explorations Ltd. (the "Company") 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.
On Behalf of the Board,
Steve Vanry, CFA - President
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.
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