Fury Completes Taylor Acquisition
VANCOUVER - Fury Explorations Ltd. reported that it has completed its 100% acquisition of the Nevada based, Taylor silver mine and mill complex. The project hosts a NI 43-101 compliant resource of 16.8 million ounces of silver(1) in an open pit mining scenario along with a modern 1,300 ton-per-day mill. Redevelopment plans for Taylor remain within the projected timetable.
The Company purchased the Taylor project, absent of production royalties, for total cash option payments of US$2.5million. On January 23, 2008 Fury's wholly owned Nevada subsidiary, became the registered owner of the mill complex, 4 patented and 38 unpatented mining claims and certain water rights comprising the Taylor project. Subsequent to becoming involved in the project the Company has staked an additional 164 mining claims bring the total project area to approximately six square miles.
The company's address is 1790 - 999 West Hastings Street, Vancouver, BC V6C 2W2, 604-689-1810, fax: 604-689-1817.