Founders Metals Drills 6.0 m of 21.43 g/t Gold Near Surface; 10.0 m of 5.90 g/t Gold at Depth
Rhea-AI Summary
Founders Metals (OTCQX: FDMIF; TSXV: FDR) reported drill results from the Upper Antino target at the Antino Gold Project in southeastern Suriname on February 11, 2026. Key intercepts include 6.0 m of 21.43 g/t Au from 49.0 m (FR183) and 10.0 m of 5.90 g/t Au from 394.0 m (FR175).
Company results show multiple high-grade intervals both near surface and at depth, demonstrated continuity along strike and in 300–500 m vertical targets across several parallel shear-hosted structures.
Positive
- 6.0 m @ 21.43 g/t Au near surface (FR183)
- 10.0 m @ 5.90 g/t Au at 394.0 m (FR175)
- 19.0 m @ 2.57 g/t Au from 341.0 m (FR175)
- Multiple 300–500 m depth intersections showing vertical continuity
- Near-surface intercepts include 21.4 m @ 2.71 g/t Au (FR179)
Negative
- None.
News Market Reaction – FDMIF
In the Feb 11 session, FDMIF gained 7.41%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill results from the Upper Antino target at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Results continue to demonstrate the scale and consistency of gold mineralization at Upper Antino, with high-grade intervals reported for both near surface and at depth. Highlights include 6.0 metres (m) of 21.43 grams per tonne (g/t) gold (Au) from 49.0 m in hole FR183 and 10.0 m of 5.90 g/t Au from 394.0 m in hole FR175.
Colin Padget, President & CEO, commented, "These results confirm the robustness of Upper Antino's high-grade gold system. The 10-metre intercept of nearly 6 g/t gold from 394 metres downhole in FR175 confirms we're successfully tracking these structures along strike and deeper into the system. Equally important, follow-up shallower drilling continues to deliver exceptional grades with intervals like the 6 metres of 21.43 g/t gold in drillhole FR183 further reinforcing the high-grade nature of the Upper Antino gold system. With ongoing systematic drilling across multiple targets, we're building a comprehensive understanding of Antino and are positioning ourselves to further define both high-grade and bulk tonnage opportunities across the district."
Drilling Highlights
- Demonstrated continuity of high-grade gold at depth in southward expansion of Upper Antino mineralization:
- 10.0 m of 5.90 g/t Au from 394.0 m and 19.0 m of 2.57 g/t Au from 341.0 m (FR175)
- 7.0 m of 2.36 g/t Au from 387.0 m (FR187)
- 10.0 m of 5.28 g/t Au from 116.0 m and 16.0 m of 2.88 g/t Au from 193.0 m (FR189)
- Follow-up drilling at Upper Antino with strong near-surface results including:
- 6.0 m of 21.43 g/t Au from 49.0 (FR183)
- 21.4 m of 2.71 g/t Au from 21.6 (FR179)
- 6.0 m of 9.69 g/t Au from 43.0 (FR185)
Geology Discussion
Drilling at Upper Antino continues to expand gold mineralization along strike and at depth across multiple parallel shear-hosted structures. Holes targeting 300-500 m vertical depth have intersected broad, high-grade intervals across multiple structures with strong vertical continuity. Near-surface drilling confirms that grade and width remain consistent within the main shear zone. This geometry - multiple parallel, steeply-dipping mineralized structures - is consistent with significant Guiana Shield gold deposits such as Merian in Suriname, and Oko West in Guyana.
About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.com
Figure 1: Upper Antino Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_001full.jpg
Figure 2: Upper Antino Long-Section
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https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_002full.jpg
Figure 3: Upper Antino Cross-Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_003full.jpg
Table 1: Upper Antino Assay Results
| Drillhole | From (m) | To (m) | Interval (m) | Au (g/t) |
| FR189 | 116.00 | 126.00 | 10.00 | 5.28 |
| and | 193.00 | 209.00 | 16.00 | 2.88 |
| and | 132.00 | 143.00 | 11.00 | 1.24 |
| and | 38.10 | 42.60 | 4.50 | 1.37 |
| and | 96.00 | 102.00 | 6.00 | 0.51 |
| FR188 | 0.00 | 8.10 | 8.10 | 0.62 |
| and | 86.00 | 91.00 | 5.00 | 5.38 |
| and | 98.00 | 104.00 | 6.00 | 0.56 |
| and | 139.00 | 144.00 | 5.00 | 1.08 |
| and | 162.00 | 177.00 | 15.00 | 0.84 |
| FR187 | 0.00 | 11.10 | 11.10 | 0.26 |
| and | 209.00 | 222.00 | 13.00 | 0.51 |
| and | 294.00 | 301.00 | 7.00 | 1.06 |
| and | 367.00 | 374.00 | 7.00 | 0.47 |
| and | 387.00 | 394.00 | 7.00 | 2.36 |
| FR186 | 0.00 | 14.10 | 14.10 | 0.37 |
| and | 124.00 | 137.00 | 13.00 | 0.64 |
| and | 366.00 | 397.00 | 31.00 | 0.22 |
| FR185 | 17.10 | 27.60 | 10.50 | 1.36 |
| and | 43.00 | 49.00 | 6.00 | 9.69 |
| and | 89.00 | 94.00 | 5.00 | 0.46 |
| and | 113.00 | 124.00 | 11.00 | 1.89 |
| and | 215.00 | 226.00 | 11.00 | 0.60 |
| FR184 | 17.10 | 38.10 | 21.00 | 1.85 |
| and | 111.00 | 117.00 | 6.00 | 2.90 |
| FR183 | 39.00 | 43.00 | 4.00 | 0.43 |
| and | 49.00 | 55.00 | 6.00 | 21.43 |
| FR182 | 43.00 | 51.00 | 8.00 | 2.36 |
| FR181 | 0.00 | 11.10 | 11.10 | 2.62 |
| and | 35.10 | 46.00 | 10.90 | 1.05 |
| FR180 | 0.00 | 39.60 | 39.60 | 1.15 |
| FR179 | 21.60 | 43.00 | 21.40 | 2.74 |
| FR178 | 0.00 | 26.10 | 26.10 | 0.43 |
| and | 45.60 | 51.00 | 5.40 | 0.47 |
| FR177 | 0.00 | 20.10 | 20.10 | 0.41 |
| FR176 | 0.00 | 21.60 | 21.60 | 0.57 |
| FR175 | 0.00 | 6.60 | 6.60 | 0.28 |
| and | 170.00 | 173.00 | 3.00 | 2.63 |
| and | 248.00 | 264.00 | 16.00 | 1.68 |
| and | 341.00 | 360.00 | 19.00 | 2.57 |
| and | 394.00 | 404.00 | 10.00 | 5.90 |
| and | 411.00 | 417.00 | 6.00 | 1.06 |
| DO020 | NSA | |||
| DO019 | NSA | |||
| DO018 | NSA | |||
| DO017 | 363.00 | 404.00 | 41.00 | 0.34 |
| and | 253.00 | 278.00 | 25.00 | 0.40 |
| and | 296.00 | 331.00 | 35.00 | 0.29 |
| and | 413.00 | 422.00 | 9.00 | 0.75 |
* Intervals are down-hole depths. True widths of mineralization are estimated to be approximately
Table 2: Upper Antino Drillhole Locations
| Drillhole | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| FR189 | 817256.10 | 401001.72 | 152.54 | 240.20 | -70.30 | 260.00 |
| FR188 | 817255.65 | 401001.57 | 152.62 | 240.10 | -50.30 | 200.00 |
| FR187 | 817412.68 | 400945.44 | 192.78 | 240.00 | -65.00 | 491.36 |
| FR186 | 817383.40 | 400986.96 | 183.99 | 240.00 | -65.20 | 419.03 |
| FR185 | 817034.68 | 401093.94 | 161.45 | 245.00 | -70.00 | 275.01 |
| FR184 | 817034.24 | 401093.78 | 161.48 | 245.20 | -50.00 | 227.00 |
| FR183 | 817055.52 | 400896.44 | 175.23 | 240.10 | -50.20 | 163.00 |
| FR182 | 817066.15 | 400875.00 | 172.47 | 240.00 | -50.00 | 103.97 |
| FR181 | 817083.93 | 400852.17 | 171.98 | 240.20 | -50.20 | 99.84 |
| FR180 | 817093.19 | 400832.07 | 176.66 | 240.00 | -50.00 | 112.90 |
| FR179 | 817104.47 | 400813.92 | 178.98 | 240.20 | -50.40 | 121.98 |
| FR178 | 817111.90 | 400793.31 | 182.91 | 240.30 | -50.20 | 100.00 |
| FR177 | 817114.03 | 400780.36 | 183.47 | 239.60 | -70.20 | 221.00 |
| FR176 | 817113.56 | 400780.08 | 183.34 | 240.79 | -51.27 | 167.03 |
| FR175 | 817338.76 | 401065.49 | 173.17 | 260.00 | -55.30 | 476.03 |
| DO020 | 817843.67 | 401136.70 | 162.05 | 70.20 | -50.10 | 200.00 |
| DO019 | 817777.92 | 401278.41 | 140.54 | 69.70 | -50.10 | 257.14 |
| DO018 | 817348.92 | 401443.19 | 206.13 | 64.39 | -44.48 | 90.60 |
| DO017 | 817382.72 | 401615.73 | 155.82 | 112.64 | -50.15 | 431.13 |
*The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)
Quality Assurance and Control
Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to
Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding long term value creation and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.
Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All material information on Founders Metals can be found at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283539