Fury Gold Mines Ltd 6-K, filed Nov 29, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-11-29
For: 2021-11-29
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on November 29, 2021.
UNITED
STATES
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 November
2021
Commission
File No. 001-38145
Fury Gold Mines Limited
(Translation
of registrant’s name into English)
1630-1177 West Hastings Street, Vancouver, BC, V6E
2K3 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 dated November 29,
2021
|
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.
|
|
Fury Gold Mines Limited
|
|
|
|
|
|
|
|
|
Date: November 29, 2021
|
By:
|
/s/ Lynsey
Sherry
|
|
|
|
|
Lynsey Sherry
|
|
|
|
|
Chief Financial Officer
|
|
Exhibit 99.1
Fury Drills 9.36 g/t Gold Over 3 Metres at the Hinge Target at Eau
Claire
Vancouver, Canada – November 29, 2021 –
Fury Gold Mines Limited (TSX: FURY,
NYSE American: FURY) (“Fury” or the
“Company”) is pleased to provide results for six
core drill holes at the Eau Claire project located in the Eeyou
Istchee Territory in the James Bay region of Quebec. The drilling
focused on demonstrating the potential to expand the deposit to the
west on both the Hinge and Limb target areas (Figure 1). Drill hole
21EC-041 targeted the Hinge zone of the anticline that defines the
geometry of the deposit and the interbedded magnesium and iron-rich
basaltic units that host the majority of the resource. The drill
hole intersected seven zones of mineralization over a 110-metre
drill width, including 3.0 metres
(m) of 9.36 g/t gold, 3.0m of 3.38 g/t gold and 1.5m of 4.94 g/t
gold. The multiple stacked zones of mineralization
demonstrate that the deposit is open down plunge to the west and is
situated approximately 100m below the defined resource at the
deposit (Figure 2). Fury believes that the down plunge extension of
the Eau Claire deposit has the potential to significantly expand
the current resource.
"This
has been a very busy year for Fury, and we are thrilled to share
results from multiple summer exploration programs as we get ready
for exploration in 2022,” commented Tim Clark, CEO of Fury.
“Hole 21EC-041 is a great result and certainly gives us
confidence that this resource has room to grow. The Hinge is a high
priority target, and this intercept opens up the Eau Claire deposit
for considerably more exploration to the west.
“Over
the next few weeks, we are also looking forward to publishing
additional drilling results from both Committee Bay and Snake Lake.
This will be followed by news from surface programs intended to
help establish drill programs at Percival, Serendipity and the
Eleonore South JV, which will all be important as we refine our
exploration plans for the coming year.”
Hinge Zone Target
The
Hinge target located to the west of the defined Eau Claire resource
is defined by a 20- to 30-degree plunge of the anticline that
defines the geometry of the deposit. The plunging anticline is
interpreted to extend approximately one kilometre to the west based
on geologic mapping and geophysical data that demonstrates a
plunging conductivity anomaly that images the sediments hosted in
the core of the fold (Figure 2). To date a total of four drill
holes have tested the Hinge geometry of the Eau Claire anticline
within the interbedded magnesium and iron rich basaltic units that
host the bulk of the resource at the Eau Claire deposit. The
results of these four drill holes demonstrates the potential to
discover multiple stacked high-grade veins as evidenced by the 3m
of 9.36 g/t gold and the previously announced intersection of 1m of
12.81 g/t in drill hole 21EC-032 (see news release dated August
4th,
2021). Fury’s technical team is currently planning the next
series of drill holes into the Hinge zone with drill fences across
the Hinge zone being planned on 50m to 100m step outs to the west
(Figure 2).
“The
multiple stacked zones of mineralization encountered in the Hinge
zone target are similar to those found in the most robust areas of
the Eau Claire resource,” commented Michael Henrichsen, SVP,
Exploration, Fury. “Given the clear down plunge potential of
the Hinge zone and the high-grades encountered this target area
provide the potential to deliver a significant increase to the
resource to the west.”
www.furygoldmines.com
Western Limb Results
Seven
drill holes targeted the direct extension of the 450-zone
mineralization at the Limb target (Figure 2). All drill holes
intersected stacked zones of quartz tourmaline veining proximal to
quartz porphyry dykes that are consistent geologically with
mineralization within the Eau Claire resource. Although no
high-grade intercepts of mining width were encountered in the
drilling the hydrothermal system remains open and the Company is
further evaluating Limb targets further to the west. Complete drill
results are presented below for both the Hinge and Limb
targets.
Table
1: Eau Claire Drill Results
|
Location
|
Hole ID
|
From
|
To
|
Length (m)
|
Au (g/t)
|
|
Western Hinge
Target
|
21EC-041
|
222.5
|
228.5
|
6
|
1.40
|
|
237.5
|
240.5
|
3
|
3.38
|
||
|
252.5
|
254
|
1.5
|
1.47
|
||
|
314
|
317
|
3
|
9.36
|
||
|
320
|
321.5
|
1.5
|
4.94
|
||
|
525.5
|
527
|
1.5
|
2.21
|
||
|
572
|
576
|
4
|
1.23
|
||
|
Western Limb
Target
|
21EC-036
|
626
|
626.5
|
0.5
|
5.40
|
|
829
|
830.5
|
1.5
|
3.76
|
||
|
21EC-037
|
No Significant Intersections
|
||||
|
21EC-038
|
643
|
644
|
1
|
3.93
|
|
|
650
|
651
|
1
|
2.35
|
||
|
21EC-039
|
984
|
985
|
1
|
3.82
|
|
|
21EC-040
|
568
|
569.5
|
1.5
|
5.31
|
|
|
Main intervals - Au grade*thickness no less than 2g/t*m with grade
is no less than 1g/t, maximum consecutive dilution 2m;
Lengths are drill indicated core length, as insufficient drilling
has been undertaken to determine true widths at this
time.
|
|||||
Fury’s
technical team views the results from the limited drilling
completed to date at both the Hinge and the Limb targets as very
encouraging. Every drill hole intersected quartz tourmaline veining
consistent with what is observed at the Eau Claire deposit
confirming that the mineralized system and more importantly the
prospective interbedded magnesium and iron rich basalts remain open
to the west. Drill hole 21EC-041 is the furthest west hole
completed to date beneath the 850 zone, this hole has extended
resource grade mineralization a further 100m to the west of
Fury’s previous drilling and 80m below previously identified
mineralization at the 850 zone.
www.furygoldmines.com
Figure 1: Plan view
of the Eau Claire Deposit area illustrating the folded interbedded
magnesium and iron rich basalt unit in blue as well as the trace of
the Fold Hinge plunging to the west which remains open. Drill holes
completed by Fury are also depicted.
Figure 2:
Illustrates the intercepts at the western Fold Hinge target at the
Eau Claire deposit as highlighted by the orange dashed
ovals.
www.furygoldmines.com
Technical Disclosure
Analytical samples for the Drill Program were taken by sawing HQ
diameter core into equal halves on site with one half sent to ALS
Chemex in Val D’or, QC for preparation and analysis.
All samples were assayed using a 50 g
nominal weight fire assay with inductively coupled plasma –
atomic emission spectrometry finish (Au-ICP22) and multi-element
four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-ICP22
results were greater than 0.5 ppm Au the assay was repeated with a
50 g nominal weight fire assay with atomic absorption finish
(Au-AA24). Samples containing more than 5 ppm by Au-AA24 were
re-assayed with 50 g nominal weight fire assay with gravimetric
finish (Au-GRA22). QA/QC programs using internal standard samples,
field and lab duplicates and blanks indicate good overall accuracy
and precision.
David Rivard, P.Geo, Exploration Manager at Fury, is a "qualified
person" within the meaning of Canadian mineral projects disclosure
standards instrument 43-101 and has reviewed and approved the
technical disclosures in this press release.
About Fury Gold Mines Limited
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 careful project assessment and exploration
excellence. Fury is committed to upholding the highest industry
standards for corporate governance, environmental stewardship,
community engagement and sustainable mining. For more information
on Fury Gold Mines, visit www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please
contact:
Salisha Ilyas, Vice President, Investor Relations
Tel: (437) 500-2529
Email: info@furygoldmines.com
Website: www.furygoldmines.com
Forward-Looking Information and Additional Cautionary
Language
This release includes certain statements that may be deemed to be
"forward-looking information" or "forward-looking statements"
within the meaning of applicable securities laws, which relate to
the future operations of the Company and other statements that are
not historical facts. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"plans", "expects", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes". Specific
forward-looking information contained in this release primarily
relates to statements that suggest that future work at Eau Claire
will potentially increase the known resources.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially. Although the Company believes that the assumptions and
expectations reflected in those forward-looking statements were
reasonable at the time such statements were made, there can be no
assurance that such assumptions and expectations will prove to be
correct. Exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company's Annual
Information Form and MD&A for the year ended December 31, 2020
and subsequent continuous disclosure filings with the Canadian
Securities Administrators available at www.sedar.com and the
Company's Annual Report including the Base Shelf Prospectus
available at www.sec.gov. Readers should not place heavy reliance
on forward-looking information, which inherently can only as of the
date made.
Cautionary Note to United States Investors Concerning Estimates of
Mining Disclosure
The mining and technical disclosure throughout this release is made
in accordance with applicable Canadian law and the guidelines set
out in the Canadian Institute of Mining, Metallurgy and Petroleum
("CIM"). The Company's descriptions of its projects using
applicable CIM Standards may not be comparable to similar
information made public by U.S. companies subject to the reporting
and disclosure requirements under the United States federal
securities laws.
- End
-
www.furygoldmines.com