Fury Gold Mines Ltd 6-K, filed Mar 18, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-03-18
For: 2020-03-18
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April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on March 18, 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 March 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 Provides
Corporate Update and Addresses COVID-19 Impacts
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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: March 18, 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 Provides Corporate Update and
Addresses COVID-19 Impacts
Vancouver, Canada – March 18th,
2020 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG)
(“Auryn” or the “Company”)
provides an update in response to
concerns surrounding COVID-19 and how it may impact exploration
efforts in Peru and Canada.
Auryn has offered all employees at its corporate offices in
Vancouver and Edmonton the option to work from home. This decision
aligns with the federal government’s latest recommendation
for all Canadians to work from home where possible. Management will
stay abreast of the situation as it unfolds and will adjust
policies accordingly.
Peru –
Impacts &
Projects Update:
Auryn recalled all personnel from the field prior to the Peruvian
government mandating a temporary two-week border lockdown. The
country has suspended all work at public institutions for 15 days,
and as a result, the Company’s Lima employees will be working
from home for this period. Such disruptions can be expected to
result in modest delays in the course of business for Auryn.
Presently, Peru has a total of 117 confirmed cases of the virus and
no deaths. Auryn will resume operations in the country once the
borders have re-opened and government has deemed the virus no
longer a threat.
Canada –
Projects
Update:
In the coming weeks, Auryn anticipates the release of its initial
PEA on Homestake Ridge, the Company’s high-grade gold-silver
project in British Columbia’s Golden Triangle. In addition,
Auryn will be releasing revised targets at the Committee Bay
project in Nunavut based on a break-through in geophysical
targeting in differentiating low-grade versus high-grade gold
responses in conductivity data.
A Message from Ivan Bebek, Executive Chairman &
Director:
“The health and safety of our employees and the communities
we work in are of primary concern. Although we are temporarily
unable to conduct work in Peru, we are very fortunate to have a
strong balance sheet amidst the volatile market created by
COVID-19. Capital preservation is a priority, however, once
humanity gets past this challenge, we will be in a great position
to continue to deliver on the promise of our exceptional portfolio
of mineral assets.”
On Behalf of the Board,
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.
About Sombrero
This project consists of the North Sombrero and South Sombrero
properties, comprising over 130,000 hectares owned or optioned by
Auryn Resources. The copper-gold Sombrero mining concessions are
located 340 kilometers SE of Lima in southern Peru and are hosted
in the Andahuaylas-Yauri belt. This belt is interpreted to be on
the north-western margins of this Eocene-Oligocene aged copper-gold
porphyry and skarn belt that hosts the Las Bambas, Haquira, Los
Chancas, Cotambambas, Constancia, Antapaccay and Tintaya deposits.
The project is characterized by a strong structural control and
significant copper and gold values from historical surface samples.
The principal targets at Sombrero are copper-gold skarn and
porphyry systems and precious metal epithermal
deposits.
About Curibaya
Auryn acquired 100% ownership of the Curibaya property in 2015 and
the adjacent Sambalay and Salvador concessions 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.
About Committee Bay
The Committee Bay Gold Project is located in Nunavut, Canada. It
includes approximately 300,000 hectares situated along the
Committee Bay Greenstone Belt (CBGB). High-grade gold occurrences
are found throughout the 300 km strike length of the Committee
Bay Gold Belt with the most significant being the Three Bluffs
deposit. The project benefits from existing infrastructure,
including bulk storage fuel facilities, five high-efficiency drill
rigs and a 100-person camp. The Committee Bay project is held 100%
by Auryn subject to a 1% Net Smelter Royalty (“NSR”) on
the entire project and an additional 1.5% NSR on a small portion of
the project.
About Homestake Ridge
The wholly owned Homestake Ridge Project covers approximately 7,500
hectares within the Iskut-Stewart-Kitsault belt in NW British
Columbia. The project is situated near to regional infrastructure,
including the Northwest Transmission Corridor, deep water access
and an existing road within six kilometers of the deposit. To-date
more than 275 holes, totalling more than 90,000 metres, have been
completed on the property and a mineral resource has been
established.
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 a proposed financing and
completion if a proposed loan amendment as well as information
relating to or associated with the acquisition and title to mineral
concessions. In addition to the stated conditions to complete the
transactions forward looking statements involve other 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.
The Toronto Stock Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.