Fury Gold Mines Ltd 6-K, filed May 20, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-05-20
For: 2020-05-20
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April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on May 20, 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 May 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
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Auryn Advances High-Grade Gold Targeting at Committee Bay |
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: May 20,
2020
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By:
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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 Advances High-Grade Gold Targeting at Committee
Bay
Vancouver, Canada – May 20th,
2020 – Auryn Resources
Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the
“Company”) is pleased to announce a significant
advancement in targeting high-grade gold mineralization at the 100%
owned Committee Bay gold project in Nunavut.
Auryn’s
technical team analyzed recent and historical drill results from
across the 300-kilometer greenstone belt and differentiated the
geophysical conductivity responses between high-grade and low-grade
mineralization. This led to revisiting a number of high potential
targets across the belt that are characterized by strong
gold-in-till anomalies and high-grade gold in outcrop or boulder
trains, where historical drilling has not yet explained the
extensive high-grade occurrences. In addition, undrilled targets
were identified that have both high-grade boulder and outcrop rock
samples as well as conductivity responses that are consistent with
observed high-grade mineralization in other areas of the
belt.
A Message from Ivan Bebek, Executive Chairman &
Director:
“The Committee Bay gold project represents one of the
premier gold belts globally. In the past four years we have come
progressively closer with the successful drilling of multiple gold
zones on the 300-kilometer trend, however, we have yet to drill the
high-grade sources. Our most recent efforts last year led us to an
instrumental breakthrough in targeting high-grade mineralization,
which we are very excited to pursue as the gold price continues to
rise.”
Advanced Targeting
Process:
The
process of evaluating conductivity responses across the belt and
correlating to gold grade has led Auryn to reinterpret both
magnetics and geological data with the following
results:
●
A new understanding
of shallowly plunging structural geometries associated with fold
hinge zones that are favorable for hosting high-grade
mineralization.
●
An understanding of
the relevance of the highest conductivity responses in each rock
type that has the potential to correspond with high-grade
mineralization based on sulphidation of the host rock.
Auryn
has applied this approach to the southwestern third of the belt and
identified two significant fold hinge targets that have not been
drilled at the Anuri and Amautik prospects (Figure 1). The
technical team believes that the identification of shallowly
plunging fold hinge zones is a critical step in targeting
high-grade mineralization where strong gold-in-till anomalies and
high-grade rocks in outcrop or boulder trains are in support of the
newly identified targets.
Target Summary:
The
fold hinge zone target that has been identified at the previously
drilled Anuri prospect is characterized by the strongest
gold-in-tills signature from across the belt as well as several
high-grade boulder trains (Figures 1 & 2). Re-interpretation of
the electro-magnetic conductivity responses, magnetics and
geological data has yielded a flat lying, overturned recumbent fold
geometry where the main fold hinge target zone is buried at depth
(Figure 2). Both boulder trains and previous drill intercepts are
interpreted to be associated with the limbs of this fold that are
believed to represent the lower grade portions of the mineralized
system.
The
second fold hinge target that has been identified is at the
undrilled Amautik prospect, which is characterized by conductivity
responses consistent with other high-grade drilling on the
Committee Bay belt. The geology at this prospect corresponds with a
folded iron formation with strong geochemistry in rock samples with
up to 15.7 g/t gold sourced from the hinge zone of the fold (Figure
3).
Both
the Anuri and Amautik prospect fold hinges will be advanced to
drill stage by conducting ground-based geophysical induced
polarization surveys to identify areas of high chargeability that
coincide with high conductivity responses.
A Message from Michael Henrichsen, COO & Chief
Geologist:
“Over
the past four exploration seasons we have built an incredible data
set that has looked at the belt holistically. This has allowed us
to identify the most important factors that produce high-grade
mineralization versus low-grade mineralization across the belt. In
addition, we have had a key breakthrough in identifying a new style
of structural geometry, where potential fold hinge zones are
plunging shallowly and are not necessarily exposed on surface. We
believe our targets share geometries similar to those observed at
the Meadowbank and Amaruq deposits and look forward to our future
drill programs.”
Figure 1: Illustrates the position of the Anuri and Amautik targets
within the southwestern third of the Committee Bay gold
belt.
Figure 2: Illustrates a series of shallowly plunging fold hinges at
the Anuri prospect that are buried at shallow depth and represent
the primary targets for high-grade mineralization. These target
areas will be advanced to drill stage with ground-based geophysical
induced polarization surveys.
Figure 3: Illustrates the undrilled fold hinge at the Amautik
prospect
ON
BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES
INC.
Ivan Bebek
Executive Chairman and Director
For further information on Auryn Resources, please contact Natasha
Frakes, Manager of Corporate Communications at (778) 729-0600
or info@aurynresources.com.
About Auryn
Auryn Resources is a technology-driven 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 six 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.
Committee Bay Drilling QA/QC Disclosure
CB Grabs:
Approximately
1-2kg of material was collected for analysis and sent to ALS Lab in
Vancouver, BC for preparation and analysis. All samples are assayed
using 50g nominal weight fire assay with atomic absorption finish
(Au-AA26) and multi-element four acid digest ICP-AES/ICP-MS method
(ME-MS61). QA/QC programs for rock grab samples using internal
standard samples, lab duplicates, standards and blanks indicate
good accuracy and precision in a large majority of standards
assayed. Grab samples are selective in nature and cannot be
consider as representative of the underlying
mineralization.
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, 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.
Disclaimer
The
Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.