Fury Gold Mines Ltd 6-K, filed Sep 3, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-09-03
For: 2020-09-02
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Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on September 3, 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 September 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
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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AURYN RESOURCES INC.
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Date: September 2,
2020
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By:
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/s/ Elizabeth
Senez
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Elizabeth
Senez
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Interim
Chief Financial Officer
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Exhibit
99.1
Auryn
Accelerates Purchase of Sombrero Concessions from
Alturas
Vancouver, Canada – September 3, 2020
– Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG)
(“Auryn” or the “Company”) is
pleased to announce that it has completed the purchase of six
Sombrero copper-gold concessions in southern Peru that had been
optioned in 2016 from Alturas Minerals S.A. (“Alturas”) (TSX-V: ALT, LMA: ALT) (Figure 1).
The final option payment of US$5,000,000 due to Alturas was reduced
to approximately US$3,000,000 in consideration of early exercise of
the option. Payment will be made through the issuance of 1,100,000
Auryn common shares negotiated at C$2.90 and US$621,466 in cash.
The shares are subject to a 4-month resale restricted period in
Canada and will not be registered in the United
States.
A
Message from Ivan Bebek, Executive Chairman & Director of
Auryn:
“We view
Sombrero as a district-scale exploration opportunity and are
pleased to exercise the Alturas option agreement with a discount to
the final payment.
“Cleaning up
our ownership will streamline the process of obtaining the
remaining permits needed for drilling, which we anticipate in the
first quarter of 2021.
“We are also
working toward permitting the Nioc and Good Lucky targets within
the Sombrero district to create a pipeline of drill-ready targets
that can be advanced consecutively, avoiding further work delays
due to permitting. Results from ongoing surface work programs and
updates on permitting advancements can be expected in September and
October.”
Figure
1: Illustrates the location of the Alturas concessions on the
Sombrero North property in relation to Auryn’s exploration
targets.
About the Sombrero Project:
The
Sombrero property is located in southern Peru, approximately 345
kilometers southeast of Lima. It comprises over 130,000 hectares of
which the Alturas option was 4,600 ha. Auryn believes Sombrero is
hosted within a northwestern extension of the Andahualylas-Yauri
copper-gold porphyry and skarn belt, which hosts the Las Bambas,
Haquira, Los Chancas, Cotambambas, Constancia, Antapaccay and
Tintaya deposits.
Michael
Henrichsen P. Geol. is the Qualified person who has reviewed the
technical contents of this news release.
ON
BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES
INC.
Ivan Bebek
Executive
Chairman
For further information on Auryn Resources Inc., please contact
Natasha Frakes, Manager of Corporate Communications at (778)
729-0600 or info@aurynresources.com.
About
Auryn
Auryn
Resources is a technically-driven, well-financed junior exploration
company focused on finding and advancing globally significant
precious and base metal deposits. The company built a portfolio of
six projects in Canada and Peru containing gold, silver and copper
resources and exploration targets. On July 29, 2020, Auryn
announced its intention to spin out its Peruvian assets into two
new companies and acquire Eastmain Resources, creating a Canadian
gold-focused exploration and development company to be renamed as
Fury Gold Mines. The Company’s two flagship Canadian
properties are the Committee Bay gold project in Nunavut and
Homestake gold project in British Columbia for which an amended
preliminary economic assessment was filed effective June 24, 2020.
Upon closing of the spinout and acquisition transactions, expected
in October 2020, Fury Gold’s three core assets will comprise
of Eau Claire in Quebec, Committee Bay and Homestake Ridge. Auryn
shareholders, invested prior to the completion of the transactions,
will become shareholders of Fury and will also receive shares in
the two new Canadian spin out companies, one holding the Sombrero
copper-gold project, and the other holding both the Curibaya
silver-gold project and Huilacollo gold project. Auryn’s
technical and management teams have an impressive track-record of
successfully monetizing assets for all stakeholders and local
communities in which it operates. Auryn conducts itself to the
highest standards of corporate governance and sustainability. For
more information on the company and the transactions, please
visit www.aurynresources.com.
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 or
associated with the acquisition and title to mineral concessions or
the determination of the possible geological settings of such
concessions. 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.