Fury Gold Mines Ltd 6-K, filed Dec 1, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-12-01
For: 2021-12-01
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April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on December 1, 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
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Press Release dated November 30,
2021
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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.
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Fury Gold Mines Limited
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Date: November 30, 2021
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By:
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/s/ Lynsey
Sherry
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Lynsey Sherry
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Chief Financial Officer
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Exhibit
99.1
Fury Drills 13.93 g/t Gold over 10 Metres at Committee Bay Project
in Nunavut
Vancouver, Canada – December 1, 2021 –
Fury Gold Mines Limited (TSX: FURY,
NYSE American: FURY) (“Fury” or the
“Company”) is pleased to announce results from
the Three Bluffs deposit expansion drilling at its Committee Bay
project in the Kitikmeot region of Nunavut. Drill hole 21TB-152
drilled 120 metres (m) down dip from the currently defined resource
at Three Bluffs targeting a prominent geophysical conductor. The
hole intersected three discrete zones of high-grade gold
mineralization over a 30m drill width, including 10.0m of 13.93 g/t gold, 3.0m of 18.67 g/t gold
and 1.0m of 23.2 g/t gold (Figure 1).
Importantly,
these intercepts are associated with a deformation zone within a
meta-sediment unit that was not expected to be encountered in this
location. These intercepts likely significantly increase the
resource expansion potential in the western region of the deposit.
The balance of the Company’s 2,600m summer drill program also
included four holes at the Raven target where results are still
pending.
“These
are the best drill results the project has seen in five years and
they represent a very exciting achievement for the Committee Bay
project. Importantly the high-grade hole opens up considerable
expansion opportunities and confirms that Committee Bay represents
a major gold exploration opportunity. We look forward to continuing
exploration and pursuing the significant expansion opportunities
identified by hole 21TB-152 at Three Bluffs.” commented Tim
Clark, CEO of Fury.
Table 1: 2021 Three Bluffs Drill Results
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Hole
ID
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From
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To
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Length
(m)
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Au
(g/t)
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21TB152
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370.5
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380.5
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10.0
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13.93
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385.5
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388.5
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3.0
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18.67
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398.5
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399.5
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1.0
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23.2
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Intercepts
at Three Bluffs were calculated using a minimum of a 2.0 g/t gold
cut off at the beginning and end of the intercept and allowing for
no more than 2.5 consecutive metres of less than 2.0 g/t
gold.
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“We
are very pleased to have encountered these somewhat unanticipated
high-grade intercepts from the meta-sediments in this area of the
deposit in contrast to the more typical sulphide banded iron
mineralization that makes up the bulk of the current resource. We
plan to aggressively pursue this emerging style of mineralization
given that it has been underexplored to date and could quickly
change the growth trajectory of this gold resource,” stated
Michael Henrichsen, SVP, Exploration.
Figure
1: Illustrates the intersections from 21TB-152 in relation to the
Three Bluffs 1.0 g/t gold shape and historical drilling at Three
Bluffs West. The mineralized deformation zone is offset from the
banded iron formation which hosts the bulk of the Three Bluffs
deposit.
Three Bluffs Deposit Expansion Drilling
The
Three Bluffs deposit is a high-grade resource defined by 524,000
oz. at 7.85 g/t gold in the indicated category and 720,000 oz. at
7.64 g/t gold in the inferred category1. High-grade mineralization at the
deposit is associated with two distinct styles of mineralization;
intense sulphidization and silicification of banded iron formation
as well as within sericite altered highly sheared meta-sediments.
The two styles of mineralization are sub-parallel (Figure 2) with
the sheared metasediments defining a regional shear zone. The
reported intersections from drill hole 21TB-152 of 10.0m of 13.93
g/t gold and 3.0m of 18.67 g/t gold are hosted within sheared
metasediments in the hanging wall to the banded iron formation. The
third intersection reported from 21TB-152, 1.0m of 23.2 g/t gold,
is hosted at the contact between a pegmatite dyke and the top of
the banded iron formation. The reported intercepts are down dip
from high-grade mineralization and offsets the following historical
drill intersections: 5m of 40.6 g/t gold, 5.3m of 29.03 g/t gold,
11m of 16.23 g/t gold, 5m of 15.2 g/t gold, 2m of 21.81 g/t gold
and 2m of 19.38 g/t gold2 (Figures 1 and 3). A conceptual drill
plan to follow up on the high-grade intercepts reported is
presented in Figure 3.
Figure
2: Illustrates the plan view of the Three Bluffs deposit depicting
the interplay between the regional shear zone in orange and the
banded iron formation in blue.
1 Refer
to NI43-101 technical report dated May 31, 2017, as amended October
23, 2017 titled “Technical Report on the Committee Bay
Project, Nunavut Territory, Canada” filed under the
Company’s profile at www.sedar.com.
Resources are estimated at cut-off grades of 3.0 g/t gold for open
pit and 4.0 g/t gold for underground.
2 Intercepts at Three Bluffs were calculated using
a minimum of a 2.0 g/t gold cut off at the beginning and end of the
intercept and allowing for no more than 2.5 consecutive metres of
less than 2.0 g/t gold.
Figure
3: Illustrates the location of the 21TB-152 intersections in
relation to the Three Bluffs deposit in long section. The 21TB-152
intersection is open as depicted by the three arrows with potential
to significantly expand the resource.
Michael Henrichsen, P.Geo, SVP, Exploration at Fury, is a
“qualified person” within the meaning of Canadian
mineral projects disclosure standards instrument 43-101 and has
approved the technical disclosure in this press
release.
Committee Bay Drilling QA/QC Disclosure
Intercepts
at Three Bluffs were calculated using a minimum of a 2.0 g/t gold
cut off at the beginning and end of the intercept and allowing for
no more than 2.5 consecutive metres of less than 2.0 g/t gold.
Minimum length of the composite allowed was one metre.
Raven
Intercepts were calculated using a minimum of a 0.25 g/t gold (Au)
cut off at beginning and end of the intercept and allowing for no
more than six consecutive metres of less than 0.25 g/t
Au.
2021 Core (Diamond) Drilling
Analytical
samples were taken by sawing NQ diameter core into equal halves on
site and sent one of the halves to ALS Lab in Yellowknife, NWT for
preparation and then to ALS Lab in Vancouver, BC for analysis. All
samples are assayed using 50g nominal weight fire assay with atomic
absorption finish (Au-AA26) and multi-element four acid digest
ICP-AES/ICP-MS method (ME-MS61). QA/QC programs using internal
standard samples, field and lab duplicates and blanks indicate good
accuracy and precision in a large majority of standards
assayed.
True
widths of mineralization outside of the Three Bluff deposit are
unknown based on current geometric understanding of the mineralized
intervals.
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 Committee
Bay 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 speak 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.