Fury Gold Mines Ltd 6-K, filed Nov 9, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-11-09
For: 2020-11-09
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April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on November 9, 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 9, 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 9,
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
Fury Commences 50,000 Metre Drill Program at Eau Claire Project in
Quebec
Vancouver and Toronto, Canada – November 9, 2020
– Fury Gold Mines
Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the
“Company”) is pleased to announce it has
commenced drilling at its Eau Claire project located in the Eeyou
Istchee Territory in the James Bay region of Quebec. The
50,000-metre (m) drill program will test a one-kilometre down
plunge extension of the Eau Claire deposit, new targets that are
being developed along the 7-kilometre deposit trend and include
selective infill drilling at the southeast margin of the
deposit.
A Message from Mike Timmins, President & CEO:
“This
is an exciting time for Fury shareholders as we set out on a major
drill program at Eau Claire – a project we feel has been
largely underexplored. Our targeting efforts continue to reveal
potential, both at the deposit and along the continuation of the
Eau Claire structure to the east and at depth. Our technical team
has done an incredible job positioning us for drilling within the
first month of the Company’s formation.
“This
milestone also marks the beginning of Fury’s campaign of
exploration and expansion drilling across our three gold projects
over the next 18 months. A campaign we believe will demonstrate the
growth potential of our portfolio of high-quality assets and create
the opportunity for major catalysts to drive performance per
share.”
A Message from Michael Henrichsen, SVP, Exploration:
“The
technical team is rapidly evolving our exploration targets along
the 7-kilometre-long deposit trend and we look forward to
identifying new targets over the next several weeks as we continue
to collect new data sets and process historical information. Our
team believes there is strong discovery potential at the Eau Claire
project based on our current evaluation of the
data.”
Drill Program:
The
infill drill program at the Eau Claire deposit will consist of
approximately 25,000m on the southeast margin of the existing
resource, which is currently defined by 200,000 ounces at 12.2 g/t
gold (using a 3.5g/t gold cut-off grade) of inferred category. This
portion of the drill program is designed to add ounces between
defined resource blocks as well as upgrade the resource category
from inferred to indicated in this location (Figure
1).
Exploration
drilling will test a one-kilometre down plunge extension of the Eau
Claire deposit and is scheduled to commence in the third week of
November with a second rig (Figure 2). This portion of the
exploration drill program will consist of 10,000-12,000m with the
goal of significantly expanding the deposit footprint. Target areas
for the extension drilling 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.
Figure 1: Depicts the infill drill program on the southeast margin
of the Eau Claire deposit. The infill program is designed to
upgrade the resource category from inferred to indicated in this
location, with the goal of adding additional ounces by drilling
between defined resource blocks. The infill program is situated
within the currently defined resource of 200,000 ounces at 12.2 g/t
gold (3.5 g/t cut-off grade) of inferred category.
Figure 2: 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.
Michael Henrichsen, P.Geo, SVP of Exploration 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.
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.
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.