Fury Gold Mines Ltd 6-K, filed Nov 25, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-11-25
For: 2020-11-25
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Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on November 25, 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 November 2020
Commission File No.
001-38145
Fury Gold Mines
Limited
(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 dated
November 25, 2020
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 25,
2020
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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 Begins Step-Out Drilling at Eau Claire Project and Provides
Targeting Update
Vancouver and Toronto, Canada – November 25, 2020
– Fury Gold Mines
Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the
“Company”) is pleased to announce that it has
commenced the exploration phase of its ongoing 50,000-metre drill
program at its 100% owned Eau Claire project located in the Eeyou
Istchee Territory in the James Bay region of Quebec. This phase of
the drill program is designed to test a one-kilometre (km) down
plunge extension of the Eau Claire deposit with the goal of
significantly expanding the existing resource (Figure
1).
A Message from Mike Timmins, President & CEO
“We
are continually identifying additional targets at the Eau Claire
project, revealing increased potential along the deposit trend as
our technical team refines these opportunites. The infill drill
program has progressed to hole three, following encouraging
performance and observations made on the first two holes. We look
forward to receiving assay results, which are expected in the new
year. The next few quarters will be very exciting for shareholders
as we anticipate steady exploration results, demonstrate the
potential of the Eau Claire asset package and convert on our
initial growth strategies for Fury.
“Further
updates on our Homestake Ridge targeting and Committee Bay
exploration programs will follow in the coming months as we plan
for a considerable year of large-scale exploration and
development."
Eau Claire Exploration Drill Program
Approximately
12,000 metres have been allocated to the extension drill program to
test a one-kilometre down plunge extension of the Eau Claire
deposit. The first holes to be drilled are situated between 500 and
700 metres down plunge from the limit of the existing resource and
between 400 and 700 metres down dip from the nearest historical
drill hole. This target area is defined by the intersection of the
mineralized Eau Claire and Snake Lake structures, as imaged in the
recently acquired gradient array induced polarization survey, and
provides a similar structural geometry that defines high-grade
mineralization at the Eau Claire deposit (Figure 2).
A Message from Michael Henrichsen, SVP, Exploration
“We
are excited to begin the exploration phase of our drill program at
the Eau Claire project. By taking aggressive step-outs early we are
looking to rapidly expand the deposit footprint and move towards a
significant resource update. In addition, continued targeting along
the 7km deposit trend is providing Fury with opportunities to
discover significant new bodies of mineralization as we begin to
tap into the geological potential of our land
package.”
Deposit Trend Targeting Update
Targeting
along the deposit trend has focused on integrating Fury’s
recently acquired gradient array induced polarization data along
with a newly inverted 3D magnetic survey, surface geology and
surface geochemistry results. A major advancement in the targeting
effort shows magnetic gradients imaging major structural breaks
where there are numerous occurrences of surface gold mineralization
(Figure 3). In addition, the imaged magnetic gradients are largely
coincident with interpreted structures imaged from the gradient
array induced polarization survey.
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www.furygoldmines.com
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One
significant target that Fury is advancing to drill stage is at the
intersection of the mineralized Eau Claire deposit and the South
Tonalite structures (Figure 3). This structural intersection occurs
between approximately 300 and 500 metres in depth and has not yet
been drilled. It is characterized by the following: 1) actinolite
– tourmaline alteration in basalts with associated felsic
dykes at the tonalite margin of the Eau Claire deposit structure
with surface grab samples up to 2.6 g/t gold; and 2) quartz –
tourmaline veining in basalts and sediments with associated felsic
dykes along the South Tonalite structure with grab samples up to
7.8 g/t gold.
Additional
gradient array induced polarization data collected has highlighted
a structural intersection at the eastern margin of the Snake Lake
mineralized structure (Figure 2). This zone of structural
intersections demonstrates the potential to target high-grade
mineralization along the Snake Lake corridor, which has seen
limited historical drilling. Fury’s technical team is
advancing toward defining the potential plunge directions and
high-grade target areas of the observed structural
intersections.
Figure 1: Illustrates targets that will test a one-kilometre down
plunge extension of the Eau Claire deposit. These target areas were
derived from structural geometries associated with newly acquired
gradient array IP data as well geological and geochemical
information obtained up-dip from the target zones.
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Figure 2: Illustrates newly defined structural intersections to the
north of the Snake Lake mineralized structure as well the
convergence of the Eau Claire and South Tonalite structures.
Together these structural intersections provide Fury with two new
target zones.
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Figure 3: Illustrates the results of a newly inverted 3D magnetic
survey that demonstrates that numerous major gold bearing
structures are coincident with magnetic gradients. This represents
a major advancement in targeting as it allows Fury to image these
structures and their intersections at depth, as depictd by the
dashed red ellipse.
David Rivard, P.Geo, Exploration Manager at Fury, is the Qualified
Person who assumes responsibility for the technical disclosures in
this press release.
ON
BEHALF OF THE BOARD OF DIRECTORS OF FURY GOLD MINES
LIMITED
Mike Timmins
President,
CEO & Director
For further information on Fury Gold Mines Limited, please contact
Natasha Frakes, Manager of Corporate Communications at (778)
729-0600, info@furygoldmines.com or
visit www.furygoldmines.com.
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www.furygoldmines.com
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About Fury
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.
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 the
growth plans and future results of Fury, and the timing and results
of the drill program at Eau Claire. 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.
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