Fury Gold Mines Ltd 6-K, filed Oct 19, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-10-19
For: 2020-10-19
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on October 19, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF
1934
For the month of October 2020
Commission File No.
001-38145
Auryn Resources
Inc.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite 600, 1199 West Hastings
Street
Vancouver, British Columbia, V6E 3T5 Canada
(Address of principal executive office)
Vancouver, British Columbia, V6E 3T5 Canada
(Address of principal executive office)
Indicate by check mark
whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F
Form
20-F [ ] Form
40-F [X]
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1) [ ]
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7) [ ]
SUBMITTED
HEREWITH
Exhibits
Press Release -
Fury Receives Drill Permits for Eau Claire Project in Quebec
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
|
AURYN RESOURCES INC.
|
|
|
|
|
|
|
|
|
Date: October 19,
2020
|
By:
|
/s/ Elizabeth
Senez
|
|
|
|
|
Elizabeth
Senez
|
|
|
|
|
Interim
Chief Financial Officer
|
|
Exhibit 99.1
Fury Receives Drill Permits for Eau Claire Project in
Quebec
Vancouver & Toronto, Canada – October 19, 2020
– Fury Gold Mines
Limited (TSX: FURY, NYSE American: FURY)(“Fury” or the
“Company”) is pleased to announce that it has
received the Permis d’Intervention from the Department of
Forets, Faune et Parcs du Quebec, required for the initial 22 drill
pads for its fully funded 50-thousand-meter drill program at the
Eau Claire project in the James Bay region of Quebec. The program
will initially utilize two drills, the first of which will initiate
the infill program in the first week of November and the second
will start expansion and step-out drilling approximately two weeks
later.
A Message from Mike Timmins, President & CEO:
“We
believe there is a significant opportunity at the Eau Claire
project to grow the deposit and outline additional gold-bearing
zones from surrounding targets. Our technical team has identified a
previously underexplored seven-kilometer deposit trend extending
east of the Eau Claire deposit with several prospective targets and
has been incorporating important project information that had not
previously been utilized. This is only the beginning of our work,
and we are already seeing more potential to increase the ounce
profile at Eau Claire than we did during our due diligence of the
project.
“In
two weeks we will ignite a non-stop campaign of exploration
activity, which will provide the engine to drive shareholder value.
We will also be making key personnel additions to the team and will
release the first of what will be a steady stream of targeting
updates followed by drill results from Eau Claire. The balance of
the year is going to be busy as we initiate Fury’s inaugural
drill program and build value for our shareholders through
exploration, drilling and potential discovery across the Canadian
portfolio.”
Eau Claire Deposit Trend Targeting:
Fury is
focused on developing deposit extension and brownfield targets
along a newly identified seven-kilometer geological trend that
hosts numerous prospects (Figure 1). The technical team is
currently developing a matrix of data that corresponds with known
gold mineralization, including: a 3D magnetic inversion,
preliminary gradient array induced polarization data, trace element
geochemical signatures and geological environments that provide a
‘fingerprint’ of the Eau Claire deposit.
Preliminary
results demonstrate that gold mineralization at the Eau Claire
deposit is situated along a strong magnetic gradient, has a strong
chargeability signature and a tungsten and molybdenum trace element
association.
The
first test block of gradient array IP data successfully imaged a
crucial structural relationship between primary and secondary shear
zones at the Eau Claire deposit (Figure 2). The gradient array
survey is currently ongoing across the seven-kilometer-long deposit
trend to identify similar structure patterns and chargeability
signatures that are consistent with the Eau Claire deposit. This
targeting effort will form the basis of a 25,000-meter drill
program focused on deposit step-outs and brownfield
targets.
Eau Claire Deposit Infill Drill Program:
The
drill permit received is for the first 13,000 meters of a planned
25,000 meters of infill drilling at the Eau Claire deposit. The
goals of this program are to upgrade the resource from inferred to
indicated category at the southeastern limit of the deposit as well
as add additional ounces between currently defined resource blocks
(Figure 3). The target area of the infill drilling program
represents 200,000 ounces at 12.2 g/t gold (3.5 g/t cut-off grade)
of inferred category.
A Message from Michael Henrichsen, SVP of Exploration:
"Based
on our technical team’s initial assessment of the available
data sets and newly acquired IP data, we believe that there is
significant potential to both meaningfully expand the Eau Claire
deposit and discover additional mineralization along the
seven-kilometer deposit trend. Our team is in the process of
daylighting numerous targets that have signatures that are
consistent with the deposit and we look forward to drilling them in
our 50,000-meter program.”
Figure
1: Depicts the seven-kilometer-long Eau Claire deposit trend with
associated high potential prospects. In addition, the figure
illustrates the location of the gradient array induced polarization
test block over the Eau Claire deposit.
Figure
2: Depicts the chargeability results of the gradient array induced
polarization survey over the Eau Claire deposit. Importantly, the
results clearly show a chargeable response associated with
secondary shear zones that play a large role in focusing high-grade
gold mineralization where they intersect the primary shear zone and
associated gold-bearing quartz-tourmaline veins.
Figure
3: Depicts the infill drill program on the southeastern margin of
the Eau Claire deposit. The infill program is designed to upgrade
the resource category from inferred to indicated in this location
with the goal of adding additional ounces by drilling between
defined resource blocks. The infill program is situated within the
currently defined resource of 200,000 ounces at 12.2 g/t gold (3.5
g/t cut-off grade) of inferred category.
Michael Henrichsen, P.Geo, SVP of Exploration at Fury, is the
Qualified Person who assumes responsibility for the technical
disclosures in this press release.
ON
BEHALF OF THE BOARD OF DIRECTORS OF FURY GOLD MINES
LIMITED
Mike Timmins
President,
CEO & Director
For further information on Fury Gold Mines Limited, please contact
Natasha Frakes, Manager of Corporate Communications at (778)
729-0600, info@furygoldmines.com or
visit www.furygoldmines.com.
About Fury
Fury
Gold Mines Limited is a Canadian-focused exploration and
development company positioned in three prolific mining regions
across the country. Led by a management team and board of directors
with proven success in financing and developing mining assets, Fury
will aggressively grow and advance its multi-million-ounce gold
platform through project development and potential new discoveries.
Fury is committed to upholding the highest industry standards for
corporate governance, environmental stewardship, community
engagement and sustainable mining.
Forward Looking Information and Additional Cautionary
Language
This
release includes certain statements that may be deemed
“forward-looking statements”. Forward looking
information is information that includes implied future performance
and/or forecast information including information relating to the
growth plans and future results of Fury and the timing and results
of the drill program at Eau Claire. These statements involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements of the Company to be
materially different (either positively or negatively) from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Readers should refer to the risks
discussed in the Company’s Annual Information Form and
MD&A for the year ended December 31, 2019 and subsequent
continuous disclosure filings with the Canadian Securities
Administrators available at www.sedar.com and the Company’s
registration statement on Form 40-F filed with the United States
Securities and Exchange Commission and available at
www.sec.gov.
The
Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.