Fury Gold Mines Ltd 6-K, filed Mar 30, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-03-30
For: 2021-03-30
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Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on March 30, 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 March
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
99.1 Fury Drills
High-Grade Mineralization from Step-Out Exploration at Eau Claire;
Deposit Footprint Extended 600 Metres East
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: March 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 High-Grade Mineralization from Step-Out Exploration at
Eau Claire; Deposit Footprint Extended 600 Metres East
Toronto, Canada – March 30, 2021 – Fury Gold Mines Limited (TSX: FURY, NYSE
American: FURY) (“Fury” or the
“Company”) is pleased to announce results from
three additional exploration drill holes targeting a 550 to
660-metre (m) extension from the known resource at the Eau Claire
deposit located in the Eeyou Istchee Territory in the James Bay
region of Quebec (Figure 1). Drill hole 21EC-007 intercepted 1.0m
of 15.3 g/t gold (Au) and drill hole 21EC-010 intercepted 1.5m of
8.8 g/t gold. This mineralization is situated within the same
structure that intercepted 3.0m of 2.59 g/t gold from 21EC-006
(refer to news release dated January 25th, 2021) and
collectively these holes have significantly expanded the deposit
footprint at Eau Claire.
“Our
initial drill program at Eau Claire was designed to survey and test
areas of potential expansion at the deposit and on the immediate
deposit trend,” commented Mike Timmins, President and CEO of
Fury. “We are only a quarter of the way through the program
and we have already determined that Eau Claire extends at least 600
metres down plunge. In addition, we intersected a second
gold-bearing structure at depth, which we believe to be associated
with the Snake Lake surface target. We expect to release more
infill drill results in the coming weeks, as well as introduce our
drill plan for the West Gap area, to potentially extend Eau Claire
to the west.”
Table
1: Target B Panel 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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20EC-006*
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643.0
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651.0
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8.0
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1.21
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648.0
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651.0
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3.0
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2.59
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21EC-007
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858.0
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859.0
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1.0
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15.30
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21EC-010
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589.0
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590.5
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1.5
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1.41
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781.0
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782.5
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1.5
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1.03
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821.5
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823.0
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1.5
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8.83
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1069.5
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1071.0
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1.5
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6.43
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21EC-014
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No Significant Intersections
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Lengths are drill indicated core length, as insufficient drilling
has been undertaken to determine true widths at this time. Main
intervals - no less than 2.0m of >= 1.0 g/t Au, maximum
consecutive dilution 2.0m; Sub-intervals - no less than 1.0m of
>= 1.0 g/t Au, maximum consecutive dilution 2.0m*Previously
Release – Refer to news release dated January 25,
2021
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Down Plunge Deposit Expansion Exploration Drilling
This
portion of the drill program is specifically focused on testing a 1
kilometre (km) down-plunge extension to the Eau Claire deposit. The
results from the first four holes within the Target B panel are
presented above in Table 1 and demonstrate the potential to expand
the deposit down plunge along the main Eau Claire structure (Figure
2). Fury’s technical team is highly encouraged by these
widely spaced initial drill results into Target B as the Company
has confirmed continuity of high-grade gold mineralization 550m to
650m away from the resource at Eau Claire.
“The
presence of high-grade mineralization in two of four initial drill
holes into the Target B panel demonstrates the potential to
significantly expand the deposit down plunge. We are looking
forward to the results from the Target A and Target C panels so we
can focus the second phase of drilling into the strongest
mineralization and refine our targeting. The technical team is
planning on drill testing a number of high priority targets near
the deposit to ensure that drill metres will be allocated to areas
that offer the highest probability of expanding the resource base;
we look forward to starting that process along the Snake Lake
corridor in the coming weeks,” stated Michael Henrichsen,
SVP, Exploration of Fury.
Figure 1: Illustrates the position of the gold intersections from
the Target B panel area located 550m to 650m down plunge from the
resource at the Eau Claire deposit.
Fury
expects to receive results from two holes drilled into Target C and
three holes drilled into Target A in the next several weeks to put
into context the initial phase of drilling into the 1km down plunge
extension. Based on the results from the A, B and C panels, Fury
will plan a second phase of exploration drilling with the intent on
focusing on the most robust portion of the mineralized
system.
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www.furygoldmines.com
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Snake Lake Target
The
deepest significant gold intercept of 1.5m of 6.43 g/t gold (Hole
21EC-010) from the Target B panel is located on the same structural
and stratigraphic position as the Snake Lake mineralization along a
volcanic-sediment contact (Figure 2). This intercept is located
approximately 1,100m down plunge from the nearest Snake Lake
drilling and has significantly opened up the exploration potential
along the Snake Lake structural corridor. The Company plans to
drill three holes that offset shallow historical intercepts of
2.65m of 13.24 g/t gold, 1.5m of 12.2 g/t gold and 2.0m of 6.62 g/t
gold with 150m to 300m offsets down plunge back toward the deep
intercept in drill hole 21EC-010 (Figure 3).
Figure 2: Illustrates the gold intersections from the Target B
panel are situated along the same structural plane as the Eau
Claire deposit.
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www.furygoldmines.com
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Figure 3: Illustrates the drill array in relation to historical
drilling for the upcoming Snake Lake drill program located 1.5km
East of the Eau Claire deposit.
Analytical
samples from the 2020 and 2021 program were taken by sawing NQ
diameter core into equal halves on site with one half being sent to
Actlabs in Val d’Or, QC for preparation and then to Actlabs
in Thunder Bay, ON for analysis. All samples are assayed using 50 g
nominal weight fire assay with atomic absorption finish (1A2B-50)
and multi-element four acid digest ICP-AES/ICP-MS method (1F2).
Where 1A2B-50 results were greater than 5 ppm Au the assay were
repeated with 50 g nominal weight fire assay with gravimetric
finish (1A3-50). QA/QC programs using internal standard samples,
field and lab duplicates and blanks indicate good overall accuracy
and precision.
Historical
drill samples at Snake Lake 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 50 g 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 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 National Instrument 43-101 and has
reviewed and approved the technical disclosures in this press
release.
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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
Gold Mines, visit www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please
contact:
Salisha
Ilyas, Vice President, Investor Relations
Tel:
(778) 729-0600
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 identififed 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 information is information that includes implied
future performance and/or forecast information. Forward-looking
information in this release reflects management's current
estimates, predictions, expectations or beliefs regarding future
events. Specific forward-looking information contained in this
release includes information relating to Fury's exploration drill
programs at its Eau Claire deposit, including with respect to the
potential resources in Targets A, B and C, Fury’s growth
plans and the future and 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 information
reflects 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.
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Forward-looking
information involves 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, 2019 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, 2019 filed with the United States
Securities and Exchange Commission and available at www.sec.gov.
Readers should not place undue reliance on forward-looking
information, which speak only as of the date made. The
forward-looking information and 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 information or 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") CIM Definition Standards on Mineral Resources and Mineral
Reserves ("CIM Standards"). 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.
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