Founders Metals Hits 22.5 m of 11.88 g/t Gold in New Discovery at Maria Geralda
Founders Metals (OTCQX:FDMIF) has announced a significant new high-grade gold discovery at its Antino Gold Project in Suriname. The company reported exceptional drilling results of 22.5 metres at 11.88 g/t gold at the Maria Geralda target, located 5 km SE of Lower Antino.
The discovery follows systematic surface exploration that identified a substantial 500m by 400m gold anomaly, with 54% of samples returning assays above 0.1 g/t Au. Maria Geralda is situated along a major structural corridor at the boundary between intrusive rocks and mixed metavolcanic-metasedimentary formations. The company plans to conduct systematic step-out drilling to define mineralization extent.
Founders Metals (OTCQX:FDMIF) ha annunciato una significativa nuova scoperta di oro ad alta qualità nel suo progetto Antino Gold in Suriname. La società ha riportato risultati eccezionali di perforazione con 22,5 metri a 11,88 g/t di oro presso l'obiettivo Maria Geralda, situato a 5 km a sud-est di Lower Antino.
La scoperta segue un'esplorazione sistematica della superficie che ha identificato un'importante anomalia aurifera di 500 m per 400 m, con il 54% dei campioni che ha restituito analisi superiori a 0,1 g/t Au. Maria Geralda si trova lungo un importante corridoio strutturale al confine tra rocce intrusive e formazioni metavolcaniche-metasedimentarie miste. La società prevede di effettuare perforazioni sistematiche di estensione per definire l'entità della mineralizzazione.
Founders Metals (OTCQX:FDMIF) ha anunciado un importante nuevo hallazgo de oro de alta ley en su Proyecto de Oro Antino en Surinam. La compañía reportó resultados excepcionales de perforación de 22,5 metros a 11,88 g/t de oro en el objetivo Maria Geralda, ubicado a 5 km al sureste de Lower Antino.
El descubrimiento sigue una exploración superficial sistemática que identificó una significativa anomalía de oro de 500 m por 400 m, con el 54% de las muestras que arrojaron análisis superiores a 0,1 g/t Au. Maria Geralda está situada a lo largo de un importante corredor estructural en el límite entre rocas intrusivas y formaciones metavolcánicas-metasedimentarias mixtas. La compañía planea realizar perforaciones sistemáticas para definir la extensión de la mineralización.
Founders Metals (OTCQX:FDMIF)가 수리남의 Antino 금 프로젝트에서 고품위 금의 중요한 신규 발견을 발표했습니다. 회사는 Lower Antino에서 남동쪽으로 5km 떨어진 Maria Geralda 목표 지점에서 금 11.88 g/t, 22.5미터의 뛰어난 시추 결과를 보고했습니다.
이번 발견은 체계적인 지표 탐사를 통해 500m x 400m 크기의 금 이상체를 확인한 데 따른 것으로, 샘플의 54%가 0.1 g/t Au 이상의 분석 결과를 보였습니다. Maria Geralda는 관입암과 혼합된 변성 화산암-변성 퇴적암 지층 경계에 위치한 주요 구조 복도에 자리잡고 있습니다. 회사는 광물화 범위를 정의하기 위해 체계적인 확장 시추를 계획하고 있습니다.
Founders Metals (OTCQX:FDMIF) a annoncé une importante nouvelle découverte d'or à haute teneur sur son projet Antino Gold au Suriname. La société a rapporté des résultats exceptionnels de forage avec 22,5 mètres à 11,88 g/t d'or sur la cible Maria Geralda, située à 5 km au sud-est de Lower Antino.
Cette découverte fait suite à une exploration systématique de surface qui a identifié une importante anomalie aurifère de 500 m par 400 m, avec 54 % des échantillons présentant des teneurs supérieures à 0,1 g/t Au. Maria Geralda se trouve le long d'un important corridor structural à la limite entre des roches intrusives et des formations métavolcaniques-métasédimentaires mixtes. La société prévoit de réaliser des forages d'extension systématiques pour définir l'étendue de la minéralisation.
Founders Metals (OTCQX:FDMIF) hat eine bedeutende neue Entdeckung von hochgradigem Gold in seinem Antino Gold Projekt in Suriname bekanntgegeben. Das Unternehmen meldete außergewöhnliche Bohrergebnisse von 22,5 Metern mit 11,88 g/t Gold am Ziel Maria Geralda, das 5 km südöstlich von Lower Antino liegt.
Die Entdeckung folgt auf systematische Oberflächenerkundungen, die eine beträchtliche Goldanomalie von 500 m mal 400 m identifizierten, wobei 54 % der Proben Gehalte über 0,1 g/t Au aufwiesen. Maria Geralda liegt entlang eines wichtigen strukturellen Korridors an der Grenze zwischen intrusiven Gesteinen und gemischten metavulkanischen-metasedimentären Formationen. Das Unternehmen plant systematische Erweiterungsbohrungen, um das Ausmaß der Mineralisierung zu bestimmen.
- Discovery hole intersected exceptional high-grade gold mineralization of 22.5m at 11.88 g/t Au
- Large surface gold anomaly measuring 500m by 400m with 54% of samples above 0.1 g/t Au
- Discovery zone remains open along strike and at depth, indicating significant expansion potential
- Strategic location along major structural corridor validates exploration approach across 200 km² land package
- Weather conditions limiting access to other exploration targets
- Early-stage discovery requiring significant follow-up drilling to determine economic viability
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces a new high-grade gold discovery at its Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company reports a 22.5 metre (m) interval of 11.88 grams per tonne (g/t) gold (Au) at Maria Geralda, a new exploration target approximately 5 km SE of Lower Antino. The drilling follows up on systematic surface exploration, including prospecting, mapping, and augering programs that identified a 500 m by 400 m gold anomaly at surface.
Highlights
- First-ever drilling at Maria Geralda delivers exceptional results with 22.5 m of 11.88 g/t Au (MG003)
- Discovery validates systematic exploration approach with auger sampling identifying a 500 m by 400 m gold anomaly at surface where
54% of samples returned assays above 0.1 g/t Au - Significant expansion potential with the discovery zone open along strike and to depth, supporting plans for follow-up drilling in 2025
Colin Padget, President & CEO of Founders, commented, "While weather has limited our access to other exploration targets recently, we were pleased to maintain ready access to Maria Geralda and follow up on early surface results. This outstanding start to drilling at Maria Geralda further validates our exploration approach across the 200 km² Antino land package. The 22.5 m interval grading 11.88 g/t Au represents some of the highest-grade mineralization we've encountered to date. These results demonstrate the substantial discovery potential that exists beyond the property's current established zones. Between this discovery, recent expansions at Upper and Lower Antino, and our ongoing 2025 exploration program, we see significant opportunity to build shareholder value."
Maria Geralda is located along a major structural corridor on a northwest-trending lineament at the geologic boundary between intrusive rocks and mixed metavolcanic-metasedimentary formations. The discovery hole was designed to test the geochemical anomaly identified through the Company's auger sampling program. Founders plans to follow-up with systematic step-out drilling to define the extent of mineralization along strike and to depth.
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.
Figure 1: Antino Property Map
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Figure 2: Maria Geralda Plan Map
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Table 1: Drill Hole Assay Results
| Hole ID | From (m) | To (m) | Interval* (m) | Au (g/t) | Zone |
| MG003 | 18.6 | 41.1 | 22.50 | 11.88 | Maria Geralda |
| and | 289.0 | 294.0 | 5.00 | 0.51 | |
| MG002 | 236.0 | 242.0 | 6.00 | 1.04 | Maria Geralda |
| MG001 | 14.1 | 21.6 | 7.50 | 0.51 | Maria Geralda |
| and | 283.0 | 290.0 | 7.00 | 0.63 | |
| and | 315.0 | 327.0 | 12.00 | 0.59 |
Intervals are down-hole depths. Results from all zones outside of Upper Antino, Lower Antino and Buese have not seen sufficient drilling to provide estimated true widths.
Table 2: Drill Hole Locations
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| MG003 | 825729.5 | 398220.3 | 159.5 | 70.2 | -50.0 | 330.2 |
| MG002 | 825721.7 | 398287.5 | 163.2 | 70.0 | -50.0 | 251.0 |
| MG001 | 825796.5 | 398110.0 | 155.5 | 69.7 | -50.2 | 341.0 |
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.
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
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.
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FAQ
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