Past year: ▼ 9%(74.0c – 1.06 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Aug 2021drilling result▲ GoodMajor
First holes into the previously untested Hinge target at the western edge of Eau Claire returned 1 metre of 12.81 g/t gold and 8 metres of 1.18 g/t gold, in the same iron-rich basalt and quartz-tourmaline veining that hosts the resource. All three holes hit stacked mineralised zones.
14 July 2021drilling spud▲ GoodMajor
Started 5,000 metres at Committee Bay across a 270,000-hectare position, aimed at the Raven vein prospect - where historical holes returned 2.8 metres of 31.1 g/t gold and 5.49 metres of 12.6 g/t gold - and at ground below the Three Bluffs resource.
2 June 2021drilling result● Neutral
Reinterpreted airborne magnetic and electromagnetic data to reframe regional targeting at Eau Claire around two mineralisation styles - the quartz-tourmaline veins of the deposit and the sediment-hosted breccias of Percival, both along the Cannard Deformation Zone.
25 May 2021drilling result▲ GoodMajor
Hole 21EC-022 cut 23.27 g/t gold over 7.09 metres on the southeast margin of the resource, which the company says is the fifth best intercept by grade and width of more than 900 holes ever drilled at Eau Claire. Drilling now turns to the 220-metre gap between the resource and the Target A panel.
18 May 2021drilling result▲ GoodMajor
Four of five holes into the Snake Lake structure a kilometre east of the resource returned 0.5 metres of 94.1 g/t gold, extending high-grade mineralisation 840 metres down dip, and 2 metres of 7.51 g/t gold from a 150-metre step-out. A new mineralised horizon between Eau Claire and Snake Lake also gave 0.5 metres of 19.6 g/t and 5 metres of 2.85 g/t gold. Very high grades over very short widths.
20 Apr 2021drilling result▲ GoodMajor
Step-outs of 50 to 100 metres on the eastern edge of the resource returned 3 metres of 8.87 g/t gold and 1 metre of 59.3 g/t gold in hole 21EC-013.
12 Apr 2021drilling progress report▲ Good
Identified two new targets below the 850 zone on the western limit of the Eau Claire resource, derived from lithogeochemistry that placed individual rock packages within the anticline controlling the deposit. This is the work that later becomes the Hinge target, the most productive ground the company drills.
30 Mar 2021drilling result▲ GoodMajor
Three more step-out holes on the same structure that gave January's 2.59 g/t intercept returned 1.0 metre of 15.3 g/t gold and 1.5 metres of 8.8 g/t gold, extending the deposit footprint 600 metres east. Narrow but high grade, and a quarter of the way through the programme the deposit is already demonstrably longer than it was bought as.
1 Mar 2021drilling result▲ GoodMajor
First assays from the 25,000-metre resource-expansion and infill drilling at Eau Claire: 6.04 metres of 11.56 g/t gold and 2.51 metres of 8.87 g/t gold, both from outside the defined resource in the lower eastern part of the deposit.
24 Feb 2021business combination● Neutral
Filed the underlying arrangement agreement of 29 July 2020 among Eastmain, Auryn and the two spin-out companies, together with the voting and support agreements Eastmain required from Auryn securityholders as a condition of proceeding.
17 Feb 2021drilling progress report● Neutral
Planned 5,000 to 10,000 metres at Committee Bay for summer 2021, subject to COVID limits: the Raven vein target on an 8-kilometre shear zone, a conductor below the high-grade part of Three Bluffs, and surface work on the Aiviq-Kalulik corridor. Fury's first drilling on the belt since the 2019 programme that reported no intercepts.
10 Feb 2021drilling progress report▲ Good
Named Percival, 14 kilometres east of Eau Claire, as the first regional target for summer work. Percival was drilled in 2018 by Eastmain, returning 78.5 metres of 1.46 g/t gold and 87 metres of 2.35 g/t gold from surface over a footprint 400 by 100 metres - wide, moderate-grade sediment-hosted breccia, a different style from the Eau Claire veins.
8 Feb 2021business combination● Neutral
Business acquisition report for the Eastmain purchase, giving the formal detail of the 9 October arrangement including the spin-out vehicles and the audited effect of the transaction.
2 Feb 2021drilling progress report● Neutral
Planned 25,000 metres at Homestake Ridge for summer 2021, aimed at expanding the resource and converting the Homestake Silver deposit's large inferred component to indicated - the largest campaign the project had seen. The programme never appears again in the record; ten months later the project is under agreement to be sold.
25 Jan 2021drilling result▲ GoodMajor
The first exploration hole, testing a 660-metre step-out from the Eau Claire resource, hit 3 metres of 2.59 g/t gold within 8 metres of 1.21 g/t at about 645 metres depth. Modest grade, but in the same quartz-tourmaline veining and amphibole alteration that hosts the deposit, which is what makes it evidence the system continues rather than a stray intercept.
13 Jan 2021drilling progress report● Neutral
Six holes and 3,646 metres into the 50,000-metre programme, with the first infill assays and the first 600 metres of the step-out hole still pending. Two months of drilling with nothing reported yet.
17 Dec 2020joint venture update▲ Good
Identified two large undrilled gold-in-till targets on the Eleonore South joint venture, 282 claims over 14,700 hectares lying 12 kilometres south of Newmont's Eleonore mine, and proposed drilling them in summer 2021. Fury is the operator; the ground came with Eastmain.
25 Nov 2020drilling progress report● Neutral
Moved from infill into the exploration phase of the Eau Claire programme, testing a one-kilometre down-plunge extension. Three holes drilled, assays expected in the new year.
9 Nov 2020drilling progress report▲ GoodMajor
Started the 50,000-metre drill programme at Eau Claire within a month of the company's formation, testing the down-plunge extension, new targets along the deposit trend and infill at the southeast margin.
29 Oct 2020drilling progress report● Neutral
Set out the targeting for the 50,000-metre Eau Claire programme: a one-kilometre down-plunge extension of the deposit plus untested targets along a seven-kilometre trend, with a second rig joining two weeks after the first.
20 Oct 2020business combination● Neutral
Material change report recording the 9 October closing, naming the spin-out vehicles as Sombrero Resources Inc. and Tier One Metals Inc. and the arrangement agreement of 29 July 2020 as amended 8 October.
19 Oct 2020drilling progress report▲ GoodMajor
Received the Quebec forestry permit for the first 22 drill pads at Eau Claire, ten days after the merger closed, clearing the way for a fully funded 50,000-metre programme starting in the first week of November. The contrast with Peru is the point: permits there had been pending for eight months and never arrived before the assets were spun out.
9 Oct 2020business combination▲ GoodMajor
The reorganisation closed: Auryn spun its Peruvian assets into Sombrero Resources and Tier One Metals, distributed their shares to its holders, acquired Eastmain and became Fury Gold Mines, releasing the escrowed C$23 million. The Peruvian ground - Sombrero, Curibaya, Ccello, Milpoc, Macha Machay - leaves the company without Auryn ever having drilled a hole on it; the only Sombrero core it ever assayed was drilled by someone else in 2013. What remains is Canadian: Eau Claire and Eleonore South in Quebec, Committee Bay in Nunavut, Homestake Ridge in British Columbia.
8 Oct 2020business combination▲ Good
The British Columbia Supreme Court and the Ontario Superior Court granted the final orders for the two plans of arrangement, with closing set for 9 October and Fury Gold shares expected to start trading on 12 October.
5 Oct 2020business combination▲ GoodMajor
Both meetings approved the arrangements, with over 99% of votes cast in favour and turnout of 63.97% at Auryn and 40.03% at Eastmain. Only the court approvals remained.
2 Oct 2020capital raising announcement● Neutral
Material change report for the C$23 million subscription receipt financing, naming Canaccord Genuity and Beacon Securities as co-leads of the bought deal.
1 Oct 2020business combination▲ Good
Proxy voting closed with more than 99% support at both companies and no shareholder of either exercising dissent rights, clearing another condition of the arrangement.
29 Sept 2020drilling progress report● Neutral
Set out twelve refined Committee Bay targets along the Kalulik-Aiviq corridor and around Three Bluffs, for a 2021 summer programme. This is the third round of target generation on the belt since the machine-learning exercise of early 2019, with no discovery yet to show for the two before it.
28 Sept 2020business combination▲ Good
Proxy adviser ISS recommended shareholders vote for the reorganisation, the Eastmain acquisition and the financing, with about a third of shares already voted in favour.
24 Sept 2020capital raising announcement▲ GoodMajor
Closed the bought deal at C$23 million on 7,750,000 subscription receipts, slightly above the C$22.5 million announced. The proceeds sit in escrow until the reorganisation completes, at which point the receipts become Fury Gold shares.
