Fury Explorations Ltd.

Fury Explorations Ltd.

April 04, 2007 09:00 ET

Fury Readies for Phase Two Drilling of Up to 5,000 Metres at Magistral Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) announces that an aggressive exploration/drilling campaign is now underway on its Magistral property in Jalisco State, Mexico.

Ground reconnaissance and sampling continue to advance multiple prospects to final target selection. Up to twelve drill holes totaling approximately 2,500 metres will test a series of gold and copper enriched quartz-hematite veins in the San Luis and Cerro de la Cruz prospect areas where preliminary drilling in January 2007 (see PR2007-5) returned greater than 1 g/t Au and 0.5% Cu over greater than 4m estimated true widths and strong down-dip and easterly vectors for follow-up drilling.

An additional 2,500 metres of drilling is anticipated at the Magistral Mine prospect. The Magistral vein is exposed on surface for over 400 metres strike-length with the main vein averaging between 3 to 10 metres thick. Historical records provided by the Mexican Government indicate high-grade gold and copper ores were mined from the vein system over a 10 year period in the early 1900's and were accessed via a network of shafts and adits totaling 750 metres with production from an on-site mill. Operations were halted by the Mexican Revolution and the property has seen only limited testing by modern exploration techniques. Final drill placement is pending the completion of detailed mapping and sampling of the vein system and the western extension of the mineralized structure. Up to 10 to 12 drill holes are anticipated to complete the initial testing of this mineralized zone.

Other geophysical and geochemical targets are currently being reviewed as part of the 2007 surface program.

The Magistral Property is under option to Southern Silver Exploration Corp. who are funding and conducting all current exploration programs.

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.

Fury is well positioned for the possibility of entering into commercial production and further growth. The Company currently has 25.7 million shares issued and working capital totaling approximately $7.3 million.


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.

Contact Information

  • Fury Explorations Ltd.
    Steve Vanry, CFA
    (604) 689-1810
    (604) 689-1817 (FAX)