Fury Gold Mines Ltd 6-K, filed Jun 2, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-06-02
For: 2021-06-02
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on June 2, 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 June
2021
Commission
File No. 001-38145
Fury Gold Mines Limited
(Translation
of registrant’s name into English)
34 King Street East Suite 900, Toronto, M5C 2X8
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
Exhibit 99.1 Press Release dated June 2,
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.
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Fury Gold Mines Limited
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Date: June 2, 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 Provides Regional Update at Eau Claire and
Targets
High-Grade Plunge at Percival
Toronto, Canada – June 2, 2021 – Fury Gold Mines Limited (TSX and NYSE American:
FURY) (“Fury” or the “Company”) is
pleased to announce an updated geological framework that has
enhanced the regional targeting at the Eau Claire project located
in the Eeyou Istchee Territory in the James Bay region of Quebec.
Targets have been refined through the re-interpretation of airborne
magnetic and electro-magnetic surveys and associated 3D inversions
(Figure 1). Target areas are defined by complex structural zones
and associated favourable lithologies that highlight two distinct
styles of mineralization: quartz-tourmaline vein systems, as
observed at the Eau Claire deposit, and sedimentary hosted breccias
that characterize the Percival prospect, located approximately 14
kilometres east of Eau Claire along the Cannard Deformation Zone
(Figure 2).
Figure 1: Updated Geologic Framework compared with the
historical interpretation at Eau
Claire.
“We
are identifying numerous high quality exploration targets within
our large land position including the highly underexplored Percival
discovery. Our technical team has recalibrated a significant amount
of data and is identifying gold on all project scales and in
different geological settings across the land position. We are
eagerly waiting for additional assays at Eau Claire and we look
forward to a very busy year of exploration ahead,” commented
Mike Timmins, President and CEO of Fury.
Figure 2: Comparison of the two principal styles of
mineralization present at Eau
Claire.
During
the summer, Fury plans to advance the newly identified targets
through multi-element geochemical surveys, geological mapping, and
potentially ground based induced polarization geophysical surveys
with the aim of drilling the most robust targets during Q4 2021.
More importantly, the Company will conduct new geochemistry surveys
over each of the target areas as the historical geochemistry data
set had inconsistencies in sample collection procedures, material
sampled and analytical techniques. These inconsistencies resulted
in gold bearing prospects not being imaged in the historical
dataset and an inability to interpret the geochemical values and
their significance. Additionally, approximately 75% of the
historical surface geochemical samples did not utilize
multi-element assay techniques to define pathfinder elements for
gold. Therefore, each of the target areas will employ
biogeochemical surveys, which was used to successfully image the
Percival prospect (refer to news release dated February 10, 2021),
accurately defining the gold and alteration footprints of each
target area.
Percival Prospect
An
updated interpretation of the Percival prospect, discovered in
2018, indicated that high-grade mineralization is parallel to
highly magnetic bodies representing a steeply plunging fold
geometry. Based on recently completed 3D inversions of airborne
magnetic data there is the potential to extend high-grade
mineralization up to 500 metres (m) down plunge from historical
intercepts of 8.5m of 7.13 g/t gold, 9m of 6.26 g/t gold, and 2m of
8.47 g/t gold (Figure 3). In addition, the Company has identified a
new parallel steeply plunging fold approximately 500m to the east
of the known mineralization that has not been drill tested. The
Company plans to conducted ground based geophysical induced
polarization surveys to further refine the targeting at Percival to
image the sulphide rich mineralization through the acquisition of
chargeability data.
“In
reviewing 25 years of historical data, we have realized a number of
opportunities to improve the exploration vectors. We believe that a
more detailed geological framework in conjunction with robust
geochemical surveys will lead to high quality drill targets for the
winter drill season,” stated Michael Henrichsen, SVP
Exploration.
Figure 3: New interpretation of the Percival prospect
showing the steep west fold plunge as indicated by the 3D magnetic
inversion.
Eau Claire Technical Disclosure
Historical drill samples at Percival were taken by sawing NQ
diameter core into equal halves on site with one half being sent to
ALS Chemex in Val D’or, QC for preparation and analysis. All
samples were assayed using a 50g nominal weight fire assay with
atomic absorption finish (Au-AA24) and multi-element four acid
digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were
greater than 5 ppm Au the assay were repeated with 50g 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 National
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 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. For more information on Fury,
visit
www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please
contact:
Salisha
Ilyas
Vice
President, Investor Relations
Tel:
(844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com
Forward-Looking Statements 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 Canada and
United States securities laws (“forward-looking
statements”), 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”, or the
negatives and/or variations of such words and phrases, or state
that certain actions, events or results “may”,
“could”, “would”, “might” or
“will be taken”, “occur”, “be
achieved” or “has the potential to”.
Forward-looking statements are statements that include implied
future performance and/or forecast information. Forward-looking
statements in this release reflect management’s current
estimates, predictions, expectations or beliefs regarding future
events. Specific forward-looking statements contained in this
release include information relating to: Fury’s exploration
drill programs at its Eau Claire deposit, including with respect to
defining the gold and alteration footprints of each Eau Claire
target area; Fury’s exploration work at the Percival
prospect, including the identification of new drill targets; and
the future growth and development of Fury’s mineral
properties.
There
can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from
those anticipated in such statements. Forward-looking statements
reflect the beliefs, opinions and projections on the date such
statements are made and are based on a number of assumptions and
estimates that, while considered reasonable at the time, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Such
assumptions, which may prove to be incorrect, include: general
economic and industry growth rates; the Company’s budget,
including expected costs and the assumptions regarding market
conditions; the Company’s ability to raise additional capital
to proceed with its exploration, development and operations plans;
the Company’s ability to obtain or renew the licenses and
permits necessary for its current and future operations; and the
impact of the COVID-19 pandemic. 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.
Forward-looking
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, including
risks relating, but not limited, to: the COVID-19 pandemic; the
future price of minerals, including gold and other metals; and the
success of the Company’s exploration and development
activities. 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 on Form 40-F
for the year ended December 31, 2020 filed with the United States
Securities and Exchange Commission and available at www.sec.gov.
Readers should not place undue reliance on forward-looking
statements, which speak only as of the date made. The
forward-looking statements contained in this press release
represent the Company’s expectations as of the date of this
press release or the date indicated. The Company disclaims any
intention or obligation or undertaking to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities law.
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
Definition Standards on Mineral Resources and Mineral Reserves. The
Company’s descriptions of its projects using applicable
Canadian law and 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 and the rules and regulations
thereunder.