Fury Gold Mines has reported an initial inferred mineral resource estimate (MRE) for the La Pointe Extension at its Sakami project: 23.9 million tonnes grading 1.07 g/t for 825,000 ounces of gold — a near-surface inventory with a discovery cost below C$9/oz that materially improves the companys resource base and optionality.
- Price: Discovery cost < C$9/oz (≈ US$6.49/oz)
- Tonnage / Grade: 23.9 Mt at 1.07 g/t Au
- Proven Location: La Pointe Extension, Sakami project — Eeyou Istchee, James Bay, Quebec
- Date: Initial MRE reported December 9, 2025
The Context
The Sakami MRE is concentrated near surface — modelled for an open pit to roughly 400 m from surface — with drill intercepts so far only tested to about 175 m. That geometry gives the inventory a tactile commercial quality: accessible haulage profiles, conventional metallurgical processing and a substantial heft of contained ounces that can be appraised without deep, capital-intensive shafts.
In 2025 the market is pricing more than ounces: traceability, low discovery cost and capital efficiency. Furys reported discovery cost for La Pointe (which includes the acquisition of Qu bec Precious Metals and the 2025 drill programme) at under C$9/oz sits squarely within that investor brief. It aligns with the years premium for projects that reduce break-even risk while remaining expandable through near-term drilling.
The Details Behind the Numbers
The MRE totals 825,000oz at 1.07 g/t across 23.9 Mt. Fury notes the resource remains open in all directions with near-term growth potential to the north-east, south-west and below current pit limits. An initial exploration target at La Pointe is estimated between 8.1 Mt and 14.7 Mt with grades from 1.57 g/t to 1.11 g/t, indicating upside beyond the declared inferred envelope.
Operationally the project benefits from location: the tenement package covers roughly 14,250 hectares and lies about 30 km east of the paved Billy Diamond Highway, materially shortening potential logistics ramps for a future open-pit operation.
The Impact
For U.S. investors and mining-focused funds, Sakamis combination of scale, shallow geometry and a low discovery cost makes it a capital-efficient growth asset. The inferred base provides an investable floor for valuation models, while the remaining open extents and the La Pointe exploration target present clear pathways to increasing pounds of payable metal without proportionate increases in discovery capital.
For corporate buyers and project-focused private-equity, the assets accessible profile and proximity to established infrastructure reduce execution uncertainty. That can compress timelines from resource to reserve definition and, ultimately, to pre-feasibility workstreams — an attractive proposition in a market that rewards near-term, low-risk production optionality.
Furys CEO Tim Clark framed the MRE as a starting point: less than a year after acquiring Sakami, the company has delivered a quantified resource that, by virtue of its openness and low discovery cost, will be the focal point for follow-up drilling and potential valuation re-rating.
Practical next steps for the project include infill and step-out drilling to convert inferred ounces and test depth continuity below 175 m, metallurgical programmes to define recoveries and trade-off studies to calibrate pit shells against operating costs — all levers that will determine whether Sakami remains a regional development candidate or becomes a corporate consolidation target.
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