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Founders Metals announced significant drill core assay results from its 2024 drill program at the Antino Gold Project, southeastern Suriname. The phase one drilling at the Donut Zone revealed a new shear zone, termed the West Donut Shear, intercepted in four holes over 150 meters of strike. Key intersections include 8.0 meters of 6.64 g/t gold and 4.5 meters of 3.27 g/t gold. The Donut Zone exhibits both high-grade and broader, lower-grade gold mineralization, with key intervals such as 19.0 meters of 1.02 g/t gold and 6.0 meters of 3.10 g/t gold. These results indicate substantial gold continuity and potential for further exploration.
Founders Metals Inc. has acquired a third diamond drill rig for the Antino Gold Project in Suriname and completed a US$6 million work commitment milestone, entitling the company to acquire 51% of the project. President and CEO, Colin Padget, expressed enthusiasm for the progress in exploration and project development, highlighting the potential for bulk-tonnage mineralization at the Buese target.
Founders Metals Inc. (TSXV: FDR) welcomes Katie MacKenzie as Vice President of Corporate Development. Ms. MacKenzie, with a decade of mining industry experience, will oversee investor relations and corporate development. Her expertise in geology and capital markets will help grow and unlock value at the Antino Gold Project.