- Founders Metals (TSXV:FDR) is unveiling what it describes as spectacular drill core assays from the new Da Vinci prospect on its Antino gold project in Suriname
- Highlights include 67 m of 1.26 grams per ton of gold and 36 m of 2.21 grams per ton of gold
- Founders Metals is a Canadian-based exploration company advancing the Antino gold project in Suriname
- Founders Metals stock is up by over 250 per cent year-over-year and by over 800 per cent since 2021
Founders Metals (TSXV:FDR) is unveiling what it describes as spectacular drill core assays from the new Da Vinci prospect on its Antino gold project in Suriname.
Results from the first five drill holes at Da Vinci feature gold mineralization from surface in two broad shear zones – 100 m of strike and 180 m vertical depth – with similar structural characteristics as the Upper Antino Froyo Zone. Here are the highlights:
- DV001: 28.5 m of 1.30 grams per ton (g/t) gold, including 10.5 m of 2.39 g/t gold.
- DV002: 67 m of 1.26 g/t gold, including 21 m of 3.24 g/t gold.
- DV003: 36 m of 2.21 g/t gold.
- DV004: 15.6 m of 1.18 g/t gold.
- DV005: 47 m of 1.07 g/t gold, including 10.5 m of 3.40 g/t gold.
The company has made visual confirmation of similar zones in drill holes pending assays that extend strike to over 250 m and ~200 m vertical depth.
Investors can expect more drilling results in early Q1 2025 as management looks to continue its prolific trajectory of shareholder value creation through exploration. Founders Metals stock is up by over 250 per cent year-over-year and by over 800 per cent since 2021.
Leadership insights
“The results from Da Vinci are spectacular. They not only affirm our confidence in Antino’s Tier-1 potential but also validate our unwavering commitment to focus on exploration in 2025,” Colin Padget, Founders Metals’ president and chief executive officer, said in a statement. “The first five drill holes all intersected substantial intervals of gold mineralization and our team is more eager than ever to continue drilling in the new year and continue uncovering what has all the hallmarks of another major gold system. 2024 has been transformational for Founders with continuous growth at Upper Antino, successful initial drilling programs at Buese and Lower Antino, and now this new discovery at Da Vinci. With 60,000 metres of fully funded drilling in 2025, we’re set for an exciting year ahead.”
About Founders Metals
Founders Metals is a Canadian-based exploration company advancing the Antino gold project in Suriname. The 20,000-hectare project has produced over 500,000 ounces of gold from surface and alluvial mining to date. Founders will complete 45,000 metres of drilling in 2024 and is fully financed for up to 60,000 metres in 2025.
Founders Metals stock (TSXV:FDR) is up by 2.54 per cent trading at C$4.44 per share as of 10:38 am ET.
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(Top photo of Founders Metals’ Antino gold project in Suriname: Founders Metals)