Founders Metals Hits Deep High-Grade Mineralization at Upper Antino; 18.0 m of 6.14 g/t Gold from 450 m
Founders Metals (OTCQX: FDMIF) has announced significant drill results from its ongoing 60,000-metre drilling campaign at the Antino Gold Project in Suriname. The company reported impressive high-grade gold mineralization at depth, including 18.0 metres of 6.14 g/t gold and 5.0 metres of 10.61 g/t gold from approximately 450 meters vertical depth in drill hole FR138.
The deep drilling program has successfully doubled the vertical extent from 280m to ~500m, with systematic drilling intercepting multiple kilometre-scale, gold-bearing shears. The company currently has four drill rigs operating at Antino, focusing on continued drilling along strike and depth at Upper Antino, drilling at Maria Geralda, completing the Parbo auger program, and conducting surface exploration programs.
Founders Metals (OTCQX: FDMIF) ha comunicato risultati importanti da perforazioni nel suo programma in corso di 60.000 metri al progetto aurifero Antino in Suriname. La società ha intercettato mineralizzazione aurifera ad alto tenore in profondità, fra cui 18,0 metri a 6,14 g/t Au e 5,0 metri a 10,61 g/t Au da circa 450 metri di profondità verticale nel sondaggio FR138.
Il programma di perforazione profonda ha raddoppiato l'estensione verticale da 280 m a ~500 m, con fori sistematici che hanno intercettato più faglie aurifere su scala chilometrica. Attualmente sono in funzione quattro perforatrici ad Antino, focalizzate su estensione lungo lo strike e in profondità a Upper Antino, perforazioni a Maria Geralda, completamento del programma di carotaggio Parbo e programmi di esplorazione superficiale.
Founders Metals (OTCQX: FDMIF) ha anunciado resultados significativos de perforación en su campaña actual de 60.000 metros en el Proyecto de Oro Antino en Surinam. La compañía informó mineralización aurífera de alta ley a profundidad, incluyendo 18,0 metros a 6,14 g/t Au y 5,0 metros a 10,61 g/t Au desde aproximadamente 450 metros de profundidad vertical en el sondeo FR138.
El programa de perforación profunda ha duplicado la extensión vertical de 280 m a ~500 m, con perforaciones sistemáticas que interceptaron múltiples cizallas auríferas a escala de kilómetros. Actualmente operan cuatro equipos de perforación en Antino, centrados en continuar perforando a lo largo del rumbo y en profundidad en Upper Antino, perforaciones en Maria Geralda, completar el programa de sondeos Parbo y realizar programas de exploración superficial.
Founders Metals (OTCQX: FDMIF)가 수리남의 안티노 금 프로젝트에서 진행 중인 60,000미터 시추 캠페인의 유의미한 시추 결과를 발표했습니다. 회사는 깊은 곳에서의 고금괴화 광상(intercept)을 보고했으며, FR138 시추공에서 약 450미터 수직 깊이 구간에서 18.0미터에 6.14 g/t 금, 5.0미터에 10.61 g/t 금을 포함했습니다.
심층 시추 프로그램은 수직 범위를 280m에서 약 500m로 두 배로 확장하는 성과를 냈고, 체계적인 시추로 수 킬로미터 규모의 금이 함유된 전단을 다수 관통했습니다. 현재 안티노에서는 네 대의 시추 장비가 가동 중이며 Upper Antino의 연장 및 심층 시추, Maria Geralda 시추, Parbo 오거 프로그램 완료 및 지표 탐사 프로그램을 진행하고 있습니다.
Founders Metals (OTCQX: FDMIF) a annoncé d'importants résultats de forage dans le cadre de sa campagne en cours de 60 000 mètres au projet aurifère Antino au Suriname. La société rapporte une minéralisation aurifère haute teneur en profondeur, incluant 18,0 mètres à 6,14 g/t Au et 5,0 mètres à 10,61 g/t Au depuis environ 450 mètres de profondeur verticale dans le trou FR138.
Le programme de forage en profondeur a doué l'extension verticale de 280 m à ~500 m, avec des forages systématiques interceptant plusieurs cisaillements aurifères à l'échelle kilométrique. Quatre foreuses sont actuellement en opération à Antino, se concentrant sur la poursuite des forages le long du bouchon et en profondeur à Upper Antino, les forages à Maria Geralda, l'achèvement du programme d'auge Parbo et des programmes d'exploration de surface.
Founders Metals (OTCQX: FDMIF) hat bedeutende Bohrergebnisse aus seiner laufenden 60.000-Meter-Bohrkampagne beim Antino-Goldprojekt in Surinam veröffentlicht. Das Unternehmen meldet hochgradige Goldmineralisierung in der Tiefe, darunter 18,0 Meter mit 6,14 g/t Gold und 5,0 Meter mit 10,61 g/t Gold aus rund 450 Metern vertikaler Tiefe im Bohrloch FR138.
Das Tiefbohrprogramm hat erfolgreich die vertikale Ausdehnung von 280 m auf ~500 m verdoppelt, wobei systematische Bohrungen mehrere goldführende Scherzonen in Kilometermaßstab durchschnitten. Derzeit sind vier Bohrgeräte im Einsatz in Antino, die sich auf Fortsetzungen entlang des Streichens und in der Tiefe bei Upper Antino, Bohrungen bei Maria Geralda, den Abschluss des Parbo-Auger-Programms sowie Oberflächenexplorationsprogramme konzentrieren.
- High-grade gold mineralization confirmed at significant depth (450m)
- Successful extension of vertical drilling depth from 280m to 500m
- Multiple kilometre-scale gold-bearing shears identified
- Fully funded 60,000-metre drilling campaign ongoing with 4 rigs operating
- Step-out exploration drilling 500m north showed no significant gold mineralization in 4-hole fence
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce drill core assay results from its ongoing, fully funded 60,000 metre drilling campaign at the Antino Gold Project in southeastern Suriname (Figure 1). The Company's deep drilling program at Upper Antino has successfully intersected multiple zones of high-grade gold mineralization in FR138, including at 18.0 metres (m) of 6.14 grams per tonne (g/t) gold (Au) and 5.0 m of 10.61 g/t Au (Figure 2) from ~450.0 m vertical depth, further building on initial results from the preliminary deep drilling program as outlined on August 11, 2025.
Colin Padget, President and CEO, commented: "These results support our geological model and confirm that high-grade mineralization continues at depth, significantly increasing the potential scale of Upper Antino. High-grade intersections in drill hole FR138 include 18.0 m of 6.14 g/t Au and 5.0 m of 10.61 g/t Au demonstrating that Founders is beginning to successfully target high-grade gold at depth. We are excited about the ongoing drilling at Upper Antino and Maria Geralda and look forward to getting back out to other exploration targets this Fall."
Drilling Highlights
- High-grade depth extension success: Drill hole FR138 supports the thesis of repeating, high-grade ore shoots at over 450 m vertical depth within broader, mineralized structures (Figures 3 & 4)
- 18.0 m of 6.14 g/t Au from 550.0 m
- 5.0 m of 10.61 g/t Au from 516.0 m
- Parallel shears between Froyo and Donut: Recent intercepts demonstrate the continued growth along strike and at depth in parallel shears
- Mineralization in parallel shears to the north intersecting 15.6 m of 1.25 g/t Au from surface (FR134)
- Furthest east parallel structure confirmed to ~250 m vertical depth with 8.0 m of 1.11 g/t Au from 312.0 m (FR138)
- Gold vein intersected in recent drilling testing southern extension: assays are pending and will be released once received (Figure 5)
Geology Discussion
Systematic drilling at Upper Antino has intercepted multiple kilometre-scale, gold-bearing shears with strong vertical continuity. The current deep drilling program has doubled the vertical extent from 280 m to ~500 m vertical depth with FR138 confirming the presence of high-grade gold at these levels with 18.0 m of 6.14 g/t Au and 5.0 m of 10.61 g/t Au in drill core beginning at approximately ~450 m vertical depth.
We note the increasing width of an intrusive body (tonalite) with depth and a coincident increase in strain intensity throughout. Figure 3 shows the highest-grade intervals in drill hole FR138 occur near the footwall margin of this intrusive, with gold also present in other substantial shears up-hole.
Step-out exploration drilling approximately 500 metres north did not intersect significant gold mineralization over a 4-hole fence (FR110-113), however, gold was present over a 24-metre interval in FR129 extending Upper Antino gold mineralization by ~200 m north of previous work. Follow-up drilling intends to target west of FR110 where gold mineralization may extend following the dominant regional geologic fabric and where recent mapping/prospecting work identified quartz veins and shearing at surface.
Ongoing Work at Antino
Four drill rigs are currently turning at Antino. The Company's current activities are:
- Continue drilling along strike and at depth on Upper Antino
- Drilling at Maria Geralda with results pending
- Completing Parbo auger program
- Ongoing surface exploration programs to provide structural context for Phase 2 drilling across high-priority targets including Van Gogh, Da Vinci and Lawa
This comprehensive exploration approach positions Founders to unlock the Antino Project's full potential while systematically advancing multiple high-potential targets.
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 historical surface and alluvial mining to date1. The Company is systematically advancing one of Suriname's most promising gold exploration and development opportunities with drill-confirmed, district-scale potential. Founders is committed to responsible exploration, community engagement, and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield.
12022 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: Upper Antino Plan Map
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Figure 3: Upper Antino Cross-Section
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Figure 4: Upper Antino Long Section
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Figure 5: Gold Vein in Southern Extension on Pending Froyo Hole
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Table 1: Drill Hole Assay Results
| Hole ID | From (m) | To (m) | Interval* (m) | Au (g/t) |
| FR138 | 312.0 | 320.0 | 8.00 | 1.11 |
| and | 330.0 | 334.0 | 4.00 | 0.90 |
| and | 516.0 | 521.0 | 5.00 | 10.61 |
| and | 550.0 | 568.0 | 18.00 | 6.14 |
| and | 593.0 | 595.0 | 2.00 | 13.57 |
| FR134 | 0.0 | 15.6 | 15.60 | 1.25 |
| and | 81.0 | 83.0 | 2.00 | 1.13 |
| and | 197.0 | 208.0 | 11.00 | 0.29 |
| and | 298.0 | 299.0 | 1.00 | 3.76 |
| and | 354.0 | 366.0 | 12.00 | 0.34 |
| FR130 | 0.0 | 3.60 | 3.60 | 0.70 |
| and | 17.1 | 18.6 | 1.50 | 2.24 |
| and | 267.0 | 269.0 | 2.00 | 1.24 |
| FR132 | NSA | |||
| FR129 | 125.0 | 149.0 | 24.00 | 0.32 |
| FR127 | 125.0 | 127.0 | 2.00 | 0.46 |
| and | 284.0 | 286.0 | 2.00 | 0.45 |
| FR124 | NSA | |||
| FR113 | NSA** | |||
| FR112 | NSA** | |||
| FR111 | NSA** | |||
| FR110 | NSA** | |||
*Intervals are down-hole depths. True widths of mineralization are estimated to be approximately
** Step-out exploration holes >500 metres from known mineralization when drilled
Table 2: Drill Hole Locations
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| FR138 | 817316.02 | 401509.26 | 195.57 | 249.90 | -55.10 | 701.00 |
| FR134 | 817132.59 | 401603.90 | 157.26 | 260.10 | -60.40 | 566.00 |
| FR132 | 817207.68 | 401934.67 | 226.38 | 260.00 | -50.40 | 412.95 |
| FR130 | 817105.66 | 401699.79 | 158.78 | 260.30 | -60.30 | 587.06 |
| FR129 | 816847.41 | 402188.74 | 232.03 | 260.10 | -50.00 | 260.12 |
| FR127 | 817020.83 | 402226.66 | 257.83 | 260.30 | -50.00 | 301.77 |
| FR124 | 817175.23 | 402245.71 | 255.70 | 260.00 | -50.40 | 299.02 |
| FR113 | 817261.99 | 402516.00 | 158.51 | 260.00 | -50.20 | 254.05 |
| FR112 | 817115.84 | 402523.37 | 157.72 | 260.00 | -50.00 | 200.00 |
| FR111 | 817007.58 | 402524.63 | 167.93 | 260.10 | -50.30 | 218.07 |
| FR110 | 816867.37 | 402500.33 | 172.53 | 259.80 | -50.50 | 212.00 |
*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
Harp Gosal, Director, Investor Relations
Tel: 236 301 4211 | harpg@fdrmetals.com
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the use of proceeds from the Company's recently completed financings 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/264937
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