Fury Gold Mines Ltd 6-K, filed Feb 28, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-02-28
For: 2020-02-28
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About this 6-K
Fury Gold Mines Ltd filed this 6-K on February 28, 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 February 2020
Commission File Number: 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 ]
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):
SUBMITTED
HEREWITH
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Exhibits
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Auryn Identifies New High-Grade Targets at Curibaya Precious
Metals Project in Peru
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SIGNATURES
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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(Registrant)
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Date: February 28, 2020
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/s/ Stacy Rowa
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Stacy Rowa
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Chief Financial Officer
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Exhibit
99.1
Auryn Identifies New High-Grade
Targets at Curibaya Precious Metals Project in
Peru
Vancouver, Canada – Feb 28th,
2020 – Auryn Resources
Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the
“Company”) is pleased to announce results from
its recent mapping and sampling program at the Curibaya precious
metals project in southern Peru. A new zone of mineralization with
grades of up to 946 g/t silver and
1.96 g/t gold has been identified approximately one kilometer to the
northeast of previous sampling (Figures 2 & 3). In addition, a
float sample found 800 meters northeast of the sampled veins ran
42.6 g/t gold and 9,180 g/t
silver (Figures 2 & 3). Through geological mapping, a
series of rhyolite to dacite flow dome complexes has been
identified, and Auryn’s technical team believes this is the
source for the widespread, high-grade precious metal veins sampled
to-date –now across a 4 x 4 kilometer alteration
system.
A Message from Ivan Bebek, Executive Chairman &
Director:
“The
Curibaya project continues to represent an exceptional opportunity
for high-grade silver and gold discoveries. As we are increasing
our understanding of the targets the maximum gold grade has gone up
and we continue to see multi-kilo silver in new target areas on the
project. We look very forward to completing our targeting in the
next few months and rapidly advancing the project to the
drill-ready stage.”
Geologic Context of Vein Mineralization:
The
high-grade precious metal veins sampled to-date on the project
range in width from five centimeters to one meter and are situated
in north – south corridors radiating from the identified flow
dome complexes (Figure 1). The sampled veins are primarily situated
in the overlying volcanic sequence above the flow dome complexes
and provide a good indication of the metal budget; however, are not
the target themselves. Auryn believes the veins represent a
high-level dispersion of a robust precious metal system that is
situated along the margins of the dome complexes at shallow depths.
These flow dome complexes provide a geological mechanism to
concentrate fluid flow where potential geologic targets include high-grade veins, vein
stockwork zones and silicified hydrothermal breccias that
would be situated along the margins of the domes (Figure
4).
Additional Vein Sampling Returns High-Grade in Previously Unsampled
Area:
Auryn
has continued to selectively sample veins to identify favourable
structural corridors radiating from identified flow dome complexes.
The results of this sampling have identified a previously
unrecognized set of high-grade veins that Auryn believes is related
to a shallowly buried dome target zone on the north side of the
Sambalay Chico fault zone (Figures 2 & 3). Grades of up to 946
g/t silver and 1.96 g/t gold have been sampled from this vein
corridor that has an approximate strike length of 400 meters
to-date. In addition, a float sample 800 meters to the northeast
that has returned grades of up to 9,180g/t silver and 42.6g/t gold
will be followed up on in the next round of field work. Rock grab
sample highlights are shown below in Table 1.
Table
1: Rock sampling results
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Significant Rock Samples 2020
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Sample ID
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Ag g/t
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Sample ID
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Ag g/t
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Sample ID
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Au g/t
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W657087
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9180
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W657060
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210
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W657087
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42.6
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W657003
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6940
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W657125
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164
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W657003
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15.6
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W657132
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2290
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W657058
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141
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W657132
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7.62
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W657124
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1445
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W657007
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119
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W657124
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4.92
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W657057
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1190
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W657089
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114
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W657104
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4.84
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W657104
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1015
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W657131
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112
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W657005
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4.84
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W657084
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946
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W657121
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96.7
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W657061
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4.78
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W657136
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874
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W657088
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87.2
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W657006
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2.76
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W657116
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807
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W657134
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77.5
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W657103
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2.07
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W657061
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783
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W657092
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73.8
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W657116
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1.94
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W657117
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736
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W657114
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72.5
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W657118
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1.94
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W657103
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732
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W657105
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69.5
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W657008
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1.89
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W657008
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663
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W657137
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68.9
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W657135
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1.74
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W657118
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514
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W657126
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67.8
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W657120
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1.39
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W657083
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494
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W657075
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66.4
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W657084
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1.35
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W657006
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468
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W657091
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57.6
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W657129
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1.2
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W657085
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403
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W657100
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55.1
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W657125
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1.17
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W657120
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373
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W657059
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54.1
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W657057
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1.17
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W657005
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359
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W657085
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1.07
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W657111
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332
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W657004
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1.06
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W657112
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321
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W657060
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0.93
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W657129
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285
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W657134
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0.88
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W657063
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270
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W657066
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0.81
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W657119
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263
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W657136
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0.73
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W657004
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257
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W657131
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0.67
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Future Work:
Drill
targets will be developed at the margins of the domes at depths
between 100 – 300 meters from surface. They will be developed
through continued geological and alteration mineral mapping,
targeted rock sampling along the margins of the dome complexes and
ground based geophysical IP surveys to identify zones of elevated
sulphide content (Figure 4). Auryn’s goal is to apply for an
FTA drill permit that will allow for up to 20 drill
pads.
A Message from Michael Henrichsen, C.O.O & Chief
Geologist:
“The
presence of high-grade silver-gold veins across the 4 x
4 kilometer alteration system demonstrates the robust metal
endowment within the Curibaya project. Our recent work has
identified multiple flow dome complexes that provide the mechanism
to concentrate high-grade veins at the margins of these features.
The targets we are developing are exciting as we believe they could
host a robust precious metals system.”
Figure 1: Illustrates the north-south trending high-grade vein
corridors radiating from a series of flow dome complexes identified
in the the 4 x 4 kilometer alteration system. Auryn believes these
domes are the source of the high-grade veins sampled across the
project to-date.
Figure 2: Illustrates additional silver values from vein samples
taken across the project area. Importantly, Auryn has identified a
new north-south trending corridor of veins over approximately 400
meters that is situated at the margins of the newly recognized
Cambaya flow dome complex.
Figure 3: Illustrates additional gold values from vein samples
taken across the project area. Importantly, Auryn has identified a
new north-south trending corridor of veins over approximately 400
meters that is situated at the margins of the newly recognized
Cambaya flow dome complex.
Figure 4: Illustrates a conceptual model of the targets at the
Sama, Sambalay and Cambaya flow dome complexes and where the
targets are situated with respect to the present level of erosion
as indicated by the dashed black line. Geologic targets at the
margins of the dome complexes include high-grade veins, vein
stockwork zones and silicified hydrothermal breccias.
Michael
Henrichsen (Chief Operating Officer), P.Geo is the QP who assumes
responsibility for the technical contents of this press
release.
ON
BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES
INC.
Ivan Bebek
Executive
Chairman and Director
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 has a portfolio
approach to asset acquisition and has seven projects, including two
flagships: the Committee Bay high-grade gold project in Nunavut and
the Sombrero copper-gold project in southern Peru. 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.
About Curibaya
Auryn
acquired 100% ownership of the Curibaya property in 2015 and the
adjacent Sambalay and Salvador concesssions in 2019, which
collectively consist of approximately 11,000 hectares. The Curibaya
project covers the regional Incapuquio fault zone and subsidiary
structures, which are interpreted as one of the fundamental
controls for both epithermal and porphyry styles of mineralization
within the region.
Historic Grab Samples – Sambalay and Salvador
The
historic grab samples on Sambalay and Salvador were collected by
Teck (in 2010-2011), Compania de Exploraciones Orion SAC
(2010-2011) and Wild Acre Metals (in 2012-2013). Auryn has not
conducted any due diligence on whether appropriate QA/QC protocols
were followed in the collection of these samples, nor can it
confirm their accuracy or repeatability.
PERU Rocks 2019/2020 (Curibaya)
Approximately
2-3kg of material was collected for analysis and sent to the ALS
Lab in Lima, Peru for preparation and analysis. All samples are
assayed using 30g nominal weight fire assay with ICP finish
(Au-ICP21) and multi-element four acid digest ICP-AES/ICP-MS method
(ME-MS61). Where ICP21 results were > 3 g/t Au the assay were
repeated with 30g nominal weight fire assay with gravimetric finish
(Au-GRA21). Where MS61 results were greater or near 10000 ppm Cu,
10000ppm Pb or 100ppm Ag the assay were repeated with ore grade
four acid digest method (Cu-OG62). For three samples where
OG62 results were greater or near 1500ppm Ag the assay were
requested to be repeated with 30g nominal weight fire assay with
gravimetric finish (Ag-GRA21), results pending. QA/QC programs
for 2019/2020 rock samples using company an lab duplicates,
standards and blanks indicate good accuracy and precision in a
large majority of standards assayed.
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.
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, 2018 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.
Disclaimer
The
Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.