- Founders Metals (TSXV:FDR) expanded mineralization at its Antino gold project in Suriname, with the latest assays from a fully funded 60,000 metre drilling program yielding a flurry of promising results
- Results are highlighted by 46 m of 3.59 grams per ton of gold from 174 metres in the Main Froyo Shear
- Founders Metals stock (TSXV:FDR) last traded at C$2.95 and has added 12.17 per cent year-over-year
- The stock’s 490 per cent return since adopting the Founders Metals name in March 2021 is well ahead of its target commodity’s 77 per cent return over the period
Founders Metals (TSXV:FDR) expanded mineralization at its Antino gold project in Suriname, with the latest assays from a fully funded 60,000 metre drilling program yielding a flurry of promising results.
This content has been prepared as part of a partnership with Founders Metals Inc., and is intended for informational purposes only.
Three drillholes almost doubled the extent of the Froyo Zone to 500 metres vertical depth, yielding 8 metres (m) of 2.25 grams per ton (g/t) gold from 597 m (FR115) and 13 m of 2.10 g/t gold from 468 m (FR123).
Drillholes testing high-grade continuity yielded up to 46 m of 3.59 g/t gold from 174 m in the Main Froyo Shear (FR120) and 24 m of 2.03 g/t gold from 26.1 m in the Parallel Shear (FR122).
Additionally, parallel shears between Froyo and Donut intercepted 28 m of 1.18 g/t gold from 332 m (FR126), as well as 11 m of 2.32 g/t gold from 397 m (FR123).
According to Monday’s news release, mineralized intercepts at depth are “geologically similar in character to shallower Upper Antino mineralization,” making management confident about encountering new high-grade domains along strike.
Upcoming investor catalysts include an up to 2,000 m drilling program to follow up on a 22.5 m at 11.88 g/t gold intercept at the Maria Geralda target reported in June. Exploration is also underway at the Van Gogh, Da Vinci, Lawa and Parbo targets spanning geological mapping, rock sampling, channel and trench sampling, as well as deep auger drilling programs, with management planning for follow-up drilling at these targets in early Q4 2025.
Leadership insights
“We’re seeing exciting results on multiple fronts at Upper Antino. Ongoing drilling testing continuity and growth of high-grade domains within Froyo hit an impressive 46 metres of 3.59 grams per ton gold in FR120, and we are continuing to see success in our eastward steps towards Donut,” Colin Padget, Founders Metals’ president and chief executive officer, said in a statement. “Early results from our deep drilling program nearly double the vertical depth of the Froyo zone to over 500 metres from surface, substantially increasing the expansion potential at Upper Antino.”
About Founders Metals
Founders Metals is advancing its flagship 20,000-hectare Antino gold project in Suriname. The project has produced more than 500,000 ounces of gold from historical surface and alluvial mining to date and houses a gold system with drill-confirmed, district-scale potential.
Founders Metals stock (TSXV:FDR) last traded at C$2.95 and has added 12.17 per cent year-over-year. The stock’s 490 per cent return since adopting the Founders Metals name in March 2021 is well ahead of its target commodity’s 77 per cent return over the period.
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