Founders Metals Extends Buese Gold Mineralization over 1,000 m & Intersects 21.6 m of 2.38 g/t Au
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) reports new assay results from the Buese Prospect at its Antino Gold Project in Suriname. Key findings include step-out drilling extending gold mineralization over 1,000 meters, with significant intersections of:
- 6.0 meters of 2.33 g/t gold (BU025)
- 21.6 meters of 2.38 g/t gold from surface (BU014)
- 112.0 meters of 0.55 g/t gold (BU019)
- 6.0 meters of 6.38 g/t gold (BU018)
The company also reports positive results from the Buese tailings auger drill program, with 230 one-metre samples across 61 holes showing gold grades averaging 0.64 g/t Au, ranging from 0.10 to 3.39 g/t Au. The tailings cover approximately 1.3 km². The company remains on track to achieve its 60,000-metre drilling goal for 2025.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) comunica i nuovi risultati delle analisi dal Buese Prospect nel suo progetto aurifero Antino in Suriname. I risultati principali includono perforazioni di estensione che ampliano la mineralizzazione aurifera per oltre 1.000 metri, con intersezioni significative di:
- 6,0 metri a 2,33 g/t oro (BU025)
- 21,6 metri a 2,38 g/t oro dalla superficie (BU014)
- 112,0 metri a 0,55 g/t oro (BU019)
- 6,0 metri a 6,38 g/t oro (BU018)
L’azienda segnala inoltre risultati positivi dal programma di perforazione a trivella sui residui di Buese, con 230 campioni di un metro ciascuno in 61 fori che mostrano una media di 0,64 g/t Au, con valori che variano da 0,10 a 3,39 g/t Au. I residui coprono un’area di circa 1,3 km². L’azienda conferma di essere in linea per raggiungere l’obiettivo di 60.000 metri di perforazioni entro il 2025.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) informa nuevos resultados de ensayos del Prospecto Buese en su Proyecto de Oro Antino en Surinam. Los hallazgos clave incluyen perforaciones de extensión que amplían la mineralización de oro a más de 1.000 metros, con intersecciones significativas de:
- 6,0 metros con 2,33 g/t de oro (BU025)
- 21,6 metros con 2,38 g/t de oro desde la superficie (BU014)
- 112,0 metros con 0,55 g/t de oro (BU019)
- 6,0 metros con 6,38 g/t de oro (BU018)
La compañía también reporta resultados positivos del programa de perforación con barrena en los relaves de Buese, con 230 muestras de un metro en 61 pozos que muestran un promedio de 0,64 g/t Au, con un rango de 0,10 a 3,39 g/t Au. Los relaves cubren aproximadamente 1,3 km². La compañía sigue en camino para alcanzar su meta de perforar 60.000 metros para 2025.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF)는 수리남 Antino 금 프로젝트의 Buese 광상에서 새로운 분석 결과를 보고했습니다. 주요 내용으로는 금 광화가 1,000미터 이상 확장된 단계별 시추 결과가 포함되며, 주요 교차 구간은 다음과 같습니다:
- 6.0미터 구간에서 2.33 g/t 금 (BU025)
- 지표면부터 21.6미터 구간에서 2.38 g/t 금 (BU014)
- 112.0미터 구간에서 0.55 g/t 금 (BU019)
- 6.0미터 구간에서 6.38 g/t 금 (BU018)
회사는 또한 Buese 광미 프로그램에서 긍정적인 결과를 보고했으며, 61개의 구멍에서 230개의 1미터 샘플이 평균 0.64 g/t Au의 금 함량을 보였고, 범위는 0.10에서 3.39 g/t Au 사이입니다. 광미는 약 1.3 km²를 덮고 있습니다. 회사는 2025년까지 60,000미터 시추 목표를 달성할 계획입니다.
Founders Metals Inc. (TSXV : FDR) (OTCQX : FDMIF) publie de nouveaux résultats d’analyses du gisement Buese dans son projet aurifère Antino au Suriname. Les points clés incluent des forages d’extension étendant la minéralisation aurifère sur plus de 1 000 mètres, avec des intersections significatives de :
- 6,0 mètres à 2,33 g/t d’or (BU025)
- 21,6 mètres à 2,38 g/t d’or en partant de la surface (BU014)
- 112,0 mètres à 0,55 g/t d’or (BU019)
- 6,0 mètres à 6,38 g/t d’or (BU018)
La société rapporte également des résultats positifs du programme de forage par tarière sur les résidus de Buese, avec 230 échantillons d’un mètre répartis sur 61 trous affichant une teneur moyenne en or de 0,64 g/t Au, variant de 0,10 à 3,39 g/t Au. Les résidus couvrent environ 1,3 km². La société reste en bonne voie pour atteindre son objectif de forage de 60 000 mètres d’ici 2025.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) berichtet über neue Analyseergebnisse vom Buese Prospect im Antino Goldprojekt in Suriname. Wichtige Ergebnisse umfassen Erweiterungsbohrungen, die die Goldmineralisierung über mehr als 1.000 Meter ausdehnen, mit bedeutenden Abschnitten von:
- 6,0 Meter mit 2,33 g/t Gold (BU025)
- 21,6 Meter mit 2,38 g/t Gold ab Oberfläche (BU014)
- 112,0 Meter mit 0,55 g/t Gold (BU019)
- 6,0 Meter mit 6,38 g/t Gold (BU018)
Das Unternehmen meldet zudem positive Resultate aus dem Bohrprogramm mit Auger-Bohrungen im Buese-Aufbereitungsrückstand, wobei 230 ein Meter lange Proben aus 61 Löchern durchschnittlich 0,64 g/t Au ergaben, mit einem Bereich von 0,10 bis 3,39 g/t Au. Die Rückstände bedecken etwa 1,3 km². Das Unternehmen liegt im Plan, um das Bohrziel von 60.000 Metern bis 2025 zu erreichen.
- Step-out drilling confirms 1,000m extension of gold mineralization
- High-grade intersections including 21.6m @ 2.38 g/t Au and 6.0m @ 6.38 g/t Au
- Discovery of new parallel mineralized zone
- Consistent gold grades in tailings averaging 0.64 g/t Au
- On track to meet 60,000-metre drilling goal for 2025
- Experiencing slowdown in assay turnaround time due to increased regional exploration activities
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces new assay results from the Buese Prospect ("Buese") at its Antino Gold Project ("Antino") in Suriname. Buese covers over 600 hectares (ha) and is ~6 kilometres (km) southeast of Upper Antino (Figure 1). The Company reports 6.0 metres (m) of 2.33 grams per tonne (g/t) gold (Au) (BU025) in northwest step-out drilling along strike of the main Antino Gold Trend. Combined with further broad intervals of intrusion-hosted gold mineralization including 21.6 m of 2.38 g/t Au (BU014) and 112.0 m of 0.55 g/t Au (BU019) in the central Buese area, the step-out drilling indicates significant potential for further growth.
Highlights
- Step-out drilling 1,000 m northwest from previously released results demonstrates significant expansion along strike of regional scale mineralizing structure (Figure 2)
- 6.0 m of 2.33 g/t Au (BU025)
- 6.0 m of 2.33 g/t Au (BU025)
- Results continue to confirm bulk tonnage potential (Figure 2)
- 21.6 m of 2.38 g/t Au from surface (BU014)
- 112.0 m of 0.55 g/t Au, and 4.5 m of 4.51 g/t Au (BU019)
- New mineralized trend parallel to previously identified gold mineralization in furthest southwest drilling (Figure 2)
- 6.0 m of 6.38 g/t Au (BU018)
- 6.0 m of 6.38 g/t Au (BU018)
- Positive initial results from in-progress Buese tailings auger drill program
- 230 one-metre auger samples collected over 61 holes up to 10 m deep
- 41 samples over 1.00 g/t Au
- Gold ranges from 0.10 g/t Au - 3.39 g/t Au with an average grade of 0.64 g/t Au
- 15.6 m of 0.45 g/t Au of tailings in diamond drill hole BU002 (previously released)
- Buese tailings processed from primary materials cover an area of ~1.3 km²
Colin Padget, President & CEO, commented, "These results demonstrate the scale and continuity of gold mineralization emerging at Buese. The broad, intrusion-hosted intervals, along with the discovery of a parallel zone, further reinforces our excitement about the opportunity Buese represents for Founders. Work is ongoing to further understand the potential economic opportunity that the Buese tailings may offer in future production scenarios, and we are encouraged by initial results. Though we have experienced some slowdown in assay turnaround time due to the increasing exploration activities in Suriname, we are still on track to hit our 60,000-metre drilling goal for 2025. Upcoming news will include some in-progress corporate items along with more drilling results."
Buese Exploration
The second phase of drilling at Buese focused on exploring outside of artisanal mining areas to demonstrate the concept of a multi-kilometre scale gold system focused within, and on the margins of large tonalitic intrusions.
Intrusion-hosted drilling results include 21.6 m of 2.38 g/t Au in drill hole BU014 and 112.0 m of 0.55 g/t Au in BU019. Step-out drilling to the west in BU018 intersected 6.0 m of 6.38 g/t Au, indicating the presence of a parallel zone of gold mineralization. Collared over 1,000 m northwest of any previously known mineralization BU025 returned 6.0 m of 2.33 g/t Au, confirming both scale and an extension of the mineralized system.
Concurrent with Buese drilling, surficial teams have been developing new adjacent targets that share similar structural and lithological features as the mineralized bodies within Buese. These efforts have successfully developed a new emerging trend(s) northeast of Buese, with rock samples grading up to 8.98 g/t Au.
Buese Tailings
New and ongoing auger drilling of tailings piles from historical artisanal gold mining at Buese demonstrate consistent gold grades averaging 0.64 g/t Au, with up to 3.39 g/t Au samples. The homogeneity in gold grades over a large area returned in initial tailings results validate both the economic potential of the tailings, as well as the consistent head grade produced by the artisanal miners. These results support diamond drilling results which indicates strong bulk tonnage potential within the targeted tonalitic intrusions and associated structures at the Buese prospect.
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025.
1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
Quality Assurance and Control
Results from 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., a qualified person as defined by National Instrument 43-101.
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: 306 537 8903 | katiem@fdrmetals.com
Figure 1: Property Scale Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/249497_f18bc15084039aa1_001full.jpg
Figure 2: Buese Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/249497_f18bc15084039aa1_002full.jpg
Table 1: Assay Results
| Hole ID | From (m) | To (m) | Interval* (m) | Au (g/t) |
| BU013 | 0.00 | 30.60 | 30.60 | 0.23 |
| and | 51.60 | 63.60 | 12.00 | 0.38 |
| BU014 | 0.00 | 21.60 | 21.60 | 2.38 |
| and | 314.00 | 318.00 | 4.00 | 0.45 |
| BU015 | 3.00 | 6.60 | 3.60 | 0.65 |
| and | 23.10 | 30.60 | 7.50 | 1.26 |
| and | 172.00 | 183.00 | 11.00 | 0.34 |
| BU016 | 48.60 | 56.10 | 7.50 | 2.24 |
| BU016B | 48.6 | 53.10 | 4.50 | 1.66 |
| and | 146.00 | 162.00 | 16.00 | 0.16 |
| BU017 | 126.00 | 326.00 | 200.00 | 0.22 |
| BU018 | 50.10 | 56.10 | 6.00 | 6.38 |
| and | 240.00 | 257.00 | 17.00 | 0.28 |
| BU019 | 56.10 | 62.10 | 6.00 | 0.86 |
| and | 90.60 | 95.10 | 4.50 | 4.51 |
| and | 147.00 | 153.00 | 6.00 | 0.52 |
| and | 224.00 | 336.00 | 112.00 | 0.55 |
| incl | 321.00 | 331.00 | 10.00 | 1.99 |
| BU020 | NSA | |||
| BU021 | 168.00 | 174.00 | 6.00 | 0.44 |
| BU022 | 36.00 | 75.60 | 39.60 | 0.31 |
| and | 184.00 | 200.00 | 16.00 | 0.55 |
| and | 250.00 | 259.00 | 9.00 | 0.22 |
| BU025 | 105.00 | 111.00 | 6.00 | 2.33 |
| and | 218.00 | 220.00 | 2.00 | 3.07 |
*Intervals represent down-hole depths with true widths of mineralization currently unknown
Table 2: Drill Hole Locations
| Hole ID | Easting* (m) | Northing* (m) | Elevation* (m) | Azimuth (°) | Dip (°) | Depth (m) |
| BU013 | 821887.7 | 397046.8 | 109.7 | 105.0 | -45.0 | 179.1 |
| BU014 | 821878.5 | 397025.0 | 110.8 | 278.5 | -44.7 | 326.0 |
| BU015 | 821595.0 | 396827.2 | 120.0 | 346.2 | -44.6 | 185.1 |
| BU016 | 821595.0 | 396827.2 | 120.0 | 278.8 | -44.8 | 92.1 |
| BU016B | 821597.0 | 396831.0 | 120.6 | 281.1 | -44.9 | 164.0 |
| BU017 | 821267.1 | 397374.2 | 158.7 | 90.9 | -46.2 | 380.0 |
| BU018 | 821194.0 | 397368.5 | 160.8 | 250.0 | -50.0 | 260.0 |
| BU019 | 821194.5 | 397371.3 | 161.6 | 60.0 | -45.0 | 401.1 |
| BU020 | 821390.0 | 397628.0 | 122.9 | 40.0 | -50.0 | 266.0 |
| BU021 | 821127.5 | 397726.3 | 151.9 | 270.0 | -50.2 | 299.0 |
| BU022 | 820936.5 | 397725.5 | 141.6 | 270.0 | -50.0 | 260.1 |
| BU025 | 820607.3 | 398129.0 | 146.1 | 270.4 | -49.9 | 281.0 |
*The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-Looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-Looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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/249497
FAQ
What are the latest gold drilling results from Founders Metals (FDMIF) at Buese Prospect?
What is the average grade of gold in the Buese tailings program by FDMIF?
How many meters of drilling is Founders Metals planning for 2025 at Antino?
What is the size of the Buese Prospect exploration area?
What new discoveries has FDMIF made in the latest Buese drilling program?
