Founders Metals Provides Exploration Update on Emerging Targets; Drills 72.0 m of 1.01 g/t Gold at Parbo
Rhea-AI Summary
Founders Metals (OTCQX: FDMIF) reported drill results from the Antino Gold Project, Suriname, detailing the first-phase Parbo program and follow-ups at Da Vinci and Maria Geralda on December 11, 2025. Key intercepts include 72.0 m of 1.01 g/t Au (PB003) including 4.0 m of 11.97 g/t Au, and 101.0 m of 0.62 g/t Au from surface (PB013) at Parbo. Da Vinci step-outs returned 19.5 m of 2.31 g/t Au and 22.5 m of 1.38 g/t Au (DV016). Maria Geralda drilling extends mineralization 400 m with multiple intervals, including previously reported 22.5 m of 11.88 g/t Au. Targets remain open; company plans a 2026 exploration program and additional pending assays.
Positive
- PB003: 72.0 m @ 1.01 g/t Au including 4.0 m @ 11.97 g/t
- PB013: 101.0 m @ 0.62 g/t Au from surface
- DV016: 19.5 m @ 2.31 g/t Au and 22.5 m @ 1.38 g/t
- Maria Geralda: drill-confirmed strike extended 400 m (total >600 m)
- Parbo drill corridor confirmed ~800 m x 400 m to ~250 m depth
Negative
- High-grade zones at Maria Geralda appear localized and may lack lateral continuity
- No maiden mineral resource or economic study released with these drill results
News Market Reaction
On the day this news was published, FDMIF gained 2.92%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Gold peers like WRLGF (+6.16%), OGNRF (+1.63%), AMXEF (+1.42%), HSTXF (+1.67%), and SITKF (+1.5%) showed positive moves while FDMIF was down 0.52%, pointing to stock-specific dynamics.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 25 | Board change | Positive | +1.7% | New independent director with Suriname experience and stock option grants. |
| Nov 20 | Acquisition & drilling | Positive | -1.2% | 36,000 ha concession acquisition and Upper Antino mineralization expansion. |
| Nov 10 | Financing closed | Positive | -0.9% | Closing of $50M strategic investment by Gold Fields for Antino work. |
| Nov 03 | Financing announced | Positive | +9.1% | Announcement of $50M strategic investment by Gold Fields via placement. |
| Oct 31 | Project expansion | Positive | +1.7% | LOI to acquire 36,000 ha adjacent concession, expanding Antino footprint. |
Recent positive strategic and exploration news often saw mixed price reactions, with several financings and expansion updates leading to both gains and pullbacks, indicating inconsistent alignment between upbeat announcements and short-term price moves.
Over the last few months, Founders Metals reported multiple milestones at Antino. On Oct 31, it signed a binding LOI to nearly triple its land package to 56,000 ha. This was followed on Nov 3 and Nov 10 by announcements of a $50,000,000 strategic investment from Gold Fields and the subsequent closing. On Nov 20, the company completed a 36,000 ha acquisition and highlighted expanded mineralization, and on Nov 25 it strengthened governance with a new independent director. Today’s drill update further builds on that Antino growth narrative.
Market Pulse Summary
This announcement details broad gold mineralization across multiple emerging targets at Antino, including intervals such as 72.0 m of 1.01 g/t Au at Parbo and extensions at Da Vinci and Maria Geralda. It builds on recent land expansion and strategic financing, reinforcing a multi-target, district-scale narrative. Key factors to watch include follow-up drilling on high-grade zones, how extensive structures prove across strike and depth, and how upcoming 2026 exploration plans integrate these results with new geophysics and regional geochemistry.
Key Terms
shear zones technical
LiDAR technical
metavolcanic-metasedimentary technical
saprolite technical
AI-generated analysis. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - December 11, 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 drill program at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname (Figure 1). The results include the first phase of drilling at the Parbo target and follow-up drilling at the Da Vinci and Maria Geralda targets - three priority emerging discoveries within the 56,000 hectare (ha) Antino Gold Project.
At Parbo, inaugural drilling has outlined broad, intrusion-hosted gold mineralization with internal high-grade shear zones, highlighted by 72.0 metres (m) of 1.01 grams per tonne (g/t) gold (Au) including 4.0 m of 11.97 g/t Au in hole PB003, and 101.0 m of 0.62 g/t Au from surface in hole PB013. At Da Vinci, step-outs continue to extend the shear-hosted gold mineralization, including 19.5 m of 2.31 g/t Au and 22.5 m of 1.38 g/t Au in hole DV016. At Maria Geralda, drilling has now expanded mineralization 400 m southeast of the initial discovery, returning broad intrusion-hosted gold with discrete high-grade zones, including 53.0 m of 0.41 g/t Au in MG006 and 12.0 m of 1.12 g/t Au in MG010, adjacent to the previously reported 22.5 m of 11.88 g/t Au in MG003.
Colin Padget, Founders' President & CEO, commented: "These results from Parbo, Da Vinci, and Maria Geralda further demonstrate the scale and consistency of the gold systems emerging across Antino. Parbo, in particular, is shaping up as a significant intrusion-hosted target with multiple shear zones that remain open in all directions. I was especially impressed with Parbo hole PB013 which, including a 10 m interval of dilution, returned 200 m of 0.51 g/t Au from surface. We will continue to advance this exciting target into the new year. Da Vinci and Maria Geralda continue to deliver robust gold mineralized intercepts within increasingly well-defined structural corridors. Each round of drilling strengthens our geological model, guiding a focused, systematic, and value-driven approach as we plan our 2026 exploration program."
Drilling Highlights
PARBO - Broad intrusion-hosted gold system with internal high-grade shear zones
- PB003: 72.0 m of 1.01 g/t Au from 111.0 m, including 4.0 m of 11.97 g/t Au
- PB013: 101.0 m of 0.62 g/t Au from surface and 77.0 m of 0.47 g/t Au from 123.0 m
- PB001: 21.0 m of 0.96 g/t Au from 66.0 m and 12.0 m of 2.91 g/t Au from 262.0 m
- Drilling confirms substantial gold mineralization across an ~800 m by 400 m corridor down to 250 m vertical depth and remains open
- Core logging of additional holes pending assay results indicate the intrusive complex, shearing, and sulphide-bearing quartz vein system extends at least 1,400 m by 800 m and to at least 275 m depth
- Vertical auger sampling to depths between 10-15 m demonstrates gold mineralization extends through the oxide zone and to surface, with auger results including 13.0 m of 1.05 g/t Au (PB011) and 13.0 m of 0.79 g/t Au (PB013)
DA VINCI - Main zone expansion and discovery of new parallel structure
- DV016:
- 19.5 m of 2.31 g/t Au from 21.6 m;
- 22.5 m of 1.38 g/t Au from 99.6 m;
- plus, additional broad shear-hosted intervals of anomalous gold mineralization
- DV017: 18.0 m of 0.58 g/t Au and 4.0 m of 1.77 g/t Au
- DV019: 22.5 m of 0.24 g/t Au in the first hole testing a new parallel structure 1.5 km southwest of Da Vinci with additional holes from this target pending assay
- Regional auger sampling expands the Da Vinci gold-in-auger anomaly >1.0 km southeast, while mapping, LiDAR, and magnetics collectively define a >2.5 km structural trend linking Da Vinci to Buese
MARIA GERALDA - 400 metre strike extension from discovery hole and broad intrusive-hosted mineralization
- MG006: 53.0 m of 0.41 g/t Au and 17.0 m of 0.31 g/t Au
- MG009: 3.0 m of 2.03 g/t Au and 22.5 m of 0.34 g/t Au
- MG010: 12.0 m of 1.12 g/t Au, 2.0 m of 5.12 g/t Au, and 3.0 m of 1.71 g/t Au, plus additional mineralized intervals (see table 1)
- Drilling extends the mineralized trend 400 m southeast, for a total of over 600 m of drill-confirmed gold-mineralized strike
- Auger sampling extends the surface anomaly a further 950 m southeast towards the Van Gogh target, bringing the total length of surface anomaly to 2 km.
Geological Discussion
PARBO
Parbo is defined by a 1.2 km × 0.6 km historical gold-in-auger anomaly with local 1 m auger samples grading up to 51.42 g/t Au*. Founders' Phase 1 drilling targeted mapped intrusive contacts and shear zones to successfully confirm broad, continuous zones of gold mineralization within a granodiorite intrusive body. The current drill-defined mineralized corridor measures ~800 m × 400 m and down to ~250 m depth, remaining open in all directions. Geological logging from recent step-outs suggests the broader intrusive complex extends at least 1.4 km × 0.8 km and to ~275 m vertical depth. Regional auger sampling has also delineated a 2.8 km NW-trending anomaly coincident with a major linear feature identified in magnetic and LiDAR datasets. Future drilling will focus on targeting these potentially higher-grade contact zones within the Parbo target area and numerous additional intrusive centres identified across the Property.
DA VINCI
Drilling at Da Vinci extends the highest-grade gold zones strike length to ~200 m confirming multiple stacked shears hosted within a dominantly sedimentary rock package. Initial drilling of a newly identified parallel structure, located 1.5 km southwest, has returned encouraging mineralization over significant widths with 22.5 m of 0.24 g/t Au in DV019. This new zone represents part of a newly identified prospective structural corridor that extends 2.5 km between Da Vinci to Buese.
MARIA GERALDA
Follow-up drilling southeast of discovery hole MG003 (22.5 m of 11.88 g/t Au; in oxide from 18 m down hole) intercepted shear-hosted mineralization along predominantly intrusive contacts and broader mineralized intervals within the intrusive body itself. Follow-up drilling and a thorough review of the structural data suggest that the high-grade zone in hole MG003 may represent a sub-horizontal shoot or rod-like body perpendicular to the main NW-trending shear zone - a common product of high-angle movement along such structures. Alternatively, narrower (< 5 m) intervals of shearing and quartz veining, locally containing anomalous gold values, were intercepted in hole MG005, ~80 m vertical distance below the MG003 saprolite interval. Additional drilling is needed to better understand the nature of high-grade gold mineralization at this target, however, these drill results extend the gold mineralized footprint at Maria Geralda to over 600 m, whilst anomalous results from recent surface geochemistry (auger) suggests the gold system extends more than double that to approximately 1.3 km, and the target retains considerable potential for future exploration work.
The 2025 program continues to demonstrate that Antino hosts multiple mineralizing centres across a regional structural framework with both high-grade shear zones and broad intrusion-hosted systems. All eight target areas drilled to date have returned significant gold mineralization. Gold mineralization at Antino occurs in several settings:
- Shear zones within folded metavolcanic-metasedimentary units (Froyo, Da Vinci, Van Gogh)
- Along intrusive contacts (Donut, Maria Geralda)
- Within high-strain zones internal to intrusive bodies (Parbo, Lower Antino, Buese)
The Company is currently preparing its 2026 exploration plan to incorporate drill-ready targets from the newly acquired expanded concession area and incoming high-resolution airborne geophysics and expanded regional geochemical surveys. An exploration and drilling plan for 2026 will be released early in the coming year along with additional pending drill assay results from Parbo, Da Vinci, Van Gogh, and Lower Antino.
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 56,000 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.
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
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.
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
Figure 1: Antino Gold Project Property Map
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Figure 2: Parbo Plan Map
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Figure 3: Parbo Cross Section
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Figure 4: Parbo Drill Core
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Figure 5: Da Vinci Plan Map
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Figure 6: Maria Geralda Plan Map
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Table 1: Assay Results
| Drillhole | From (m) | To (m) | Interval (m) | Au (g/t) |
| PB001 | 0.0 | 33.6 | 33.60 | 0.48 |
| and | 66.0 | 87.0 | 21.00 | 0.96 |
| and | 97.0 | 106.0 | 9.00 | 0.49 |
| and | 158.0 | 198.0 | 40.00 | 0.20 |
| and | 262.0 | 274.0 | 12.00 | 2.91 |
| and | 303.0 | 309.0 | 6.00 | 0.67 |
| PB002 | 0.0 | 69.6 | 69.60 | 0.36 |
| and | 102.0 | 140.0 | 38.00 | 0.52 |
| and | 157.0 | 178.0 | 21.00 | 0.30 |
| PB003 | 111.0 | 196.0 | 72.00 | 1.01 |
| incl. | 151.0 | 155.0 | 4.00 | 11.97 |
| PB004 | 0.0 | 23.1 | 23.10 | 0.90 |
| and | 32.1 | 38.1 | 6.00 | 0.94 |
| and | 125.0 | 144.0 | 19.00 | 0.36 |
| PB005 | 0.0 | 12.6 | 12.60 | 0.21 |
| and | 23.0 | 77.0 | 54.00 | 0.28 |
| and | 118.0 | 122.0 | 4.00 | 0.55 |
| PB006 | 33.0 | 61.0 | 28.00 | 0.30 |
| and | 154.0 | 172.0 | 18.00 | 0.25 |
| PB007 | 27.6 | 48.0 | 20.40 | 0.48 |
| PB008 | 31.0 | 60.0 | 29.00 | 0.21 |
| and | 96.0 | 102.0 | 6.00 | 0.63 |
| and | 109.0 | 111.0 | 2.00 | 2.24 |
| and | 155.0 | 162.0 | 7.00 | 0.48 |
| and | 174.0 | 200.0 | 26.00 | 0.31 |
| and | 206.0 | 228.0 | 22.00 | 0.30 |
| PB009 | 112.0 | 122.0 | 10.00 | 0.23 |
| and | 133.0 | 146.0 | 13.00 | 0.22 |
| PB010 | 0.0 | 14.1 | 14.10 | 0.26 |
| and | 163.0 | 223.0 | 60.00 | 0.31 |
| PB011 | 0.0 | 6.6 | 6.60 | 0.35 |
| and | 140.0 | 143.0 | 3.00 | 2.94 |
| and | 153.0 | 163.0 | 10.00 | 0.79 |
| PB012 | 73.0 | 120.0 | 47.00 | 0.21 |
| PB013 | 0.0 | 101.0 | 101.00 | 0.62 |
| and | 107.0 | 113.0 | 6.00 | 0.40 |
| and | 123.0 | 200.0 | 77.00 | 0.47 |
| DV009 | NSA | |||
| DV010 | NSA | |||
| DV011 | 0.0 | 3.6 | 3.60 | 0.65 |
| and | 18.6 | 24.6 | 6.00 | 0.62 |
| and | 51.6 | 65.1 | 13.50 | 0.24 |
| DV012 | NSA | |||
| DV013 | 148.0 | 150.0 | 2.0 | 3.74 |
| DV014 | NSA | |||
| DV015 | NSA | |||
| DV016 | 0.0 | 9.6 | 9.60 | 0.25 |
| and | 21.6 | 41.1 | 19.50 | 2.31 |
| and | 60.6 | 68.1 | 7.50 | 0.65 |
| and | 99.6 | 122.1 | 22.50 | 1.38 |
| DV017 | 68.1 | 78.6 | 10.50 | 0.22 |
| and | 194.0 | 212.0 | 18.00 | 0.58 |
| and | 219.0 | 223.0 | 4.00 | 1.77 |
| DV018 | NSA | |||
| DV019 | 68.1 | 90.6 | 22.50 | 0.24 |
| DV020 | NSA | |||
| MG004 | NSA | |||
| MG005 | NSA | |||
| MG006 | 259.0 | 276.0 | 17.00 | 0.31 |
| and | 286.0 | 339.0 | 53.00 | 0.41 |
| MG007 | NSA | |||
| MG008 | 24.6 | 33.6 | 9.00 | 0.25 |
| and | 250.0 | 264.0 | 14.00 | 0.43 |
| MG009 | 50.1 | 53.1 | 3.00 | 2.03 |
| and | 66.6 | 89.1 | 22.50 | 0.34 |
| and | 141.0 | 144.0 | 3.00 | 0.82 |
| and | 177.0 | 187.0 | 10.00 | 0.35 |
| MG010 | 8.1 | 20.1 | 12.00 | 1.12 |
| and | 111.0 | 114.0 | 3.00 | 1.71 |
| and | 192.0 | 194.0 | 2.00 | 5.12 |
| and | 202.0 | 211.0 | 9.00 | 0.60 |
| MG011 | NSA | |||
| MG012 | 119.0 | 127.0 | 8.00 | 0.27 |
| and | 147.0 | 155.0 | 8.00 | 0.50 |
| and | 165.0 | 167.0 | 2.00 | 1.31 |
| MG013 | 9.6 | 18.6 | 9.00 | 0.33 |
| and | 24.6 | 30.6 | 6.00 | 1.91 |
| MG014 | 0.0 | 11.1 | 11.10 | 0.62 |
| MG015 | 330.0 | 332.0 | 2.00 | 1.08 |
* Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 75
Table 2: Upper Antino Drill Hole Locations
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| DV009 | 824517.63 | 394465.19 | 143.45 | 210.00 | -49.80 | 330.03 |
| DV010 | 824570.19 | 394617.27 | 142.71 | 209.70 | -50.10 | 395.00 |
| DV011 | 824604.13 | 394352.76 | 186.70 | 210.10 | -59.80 | 244.98 |
| DV012 | 824945.08 | 394387.72 | 169.21 | 209.90 | -49.70 | 261.70 |
| DV013 | 824752.68 | 394438.45 | 149.99 | 160.20 | -59.80 | 277.54 |
| DV014 | 825062.81 | 394039.44 | 151.02 | 250.40 | -49.80 | 311.00 |
| DV015 | 825036.78 | 394190.36 | 162.72 | 250.10 | -49.70 | 242.00 |
| DV016 | 824717.20 | 394311.83 | 192.31 | 30.00 | -50.00 | 209.00 |
| DV017 | 824544.41 | 394323.58 | 187.12 | 30.20 | -50.00 | 260.00 |
| DV018 | 824437.00 | 394719.00 | 147.49 | 210.00 | -49.90 | 209.00 |
| DV019 | 823467.00 | 393895.50 | 194.22 | 220.30 | -50.00 | 212.00 |
| DV020 | 823540.35 | 393982.90 | 204.91 | 220.10 | -50.00 | 242.00 |
| MG004 | 825831.28 | 398345.90 | 153.02 | 70.20 | -50.30 | 302.09 |
| MG005 | 825667.01 | 398200.86 | 144.51 | 70.40 | -50.20 | 197.00 |
| MG006 | 825706.13 | 398301.42 | 164.36 | 150.00 | -50.30 | 341.00 |
| MG007 | 825651.73 | 398261.50 | 158.69 | 69.90 | -50.40 | 208.96 |
| MG008 | 825918.05 | 397809.14 | 102.53 | 90.00 | -50.20 | 356.00 |
| MG009 | 825890.38 | 397907.11 | 130.93 | 90.20 | -49.90 | 326.20 |
| MG010 | 826055.14 | 397907.85 | 106.25 | 90.30 | -49.80 | 296.03 |
| MG011 | 825365.05 | 397533.42 | 148.30 | 90.00 | -50.00 | 269.00 |
| MG012 | 825211.36 | 397539.39 | 144.91 | 89.90 | -50.00 | 253.93 |
| MG013 | 825377.14 | 397229.44 | 149.19 | 90.10 | -50.00 | 293.03 |
| MG014 | 825527.84 | 397250.73 | 153.76 | 90.00 | -50.00 | 266.04 |
| MG015 | 825745.35 | 397902.30 | 109.11 | 89.90 | -50.00 | 344.00 |
| PB001 | 826249.46 | 401902.16 | 113.39 | 90.00 | -50.00 | 314.00 |
| PB002 | 826126.02 | 401900.72 | 106.02 | 90.10 | -50.30 | 221.00 |
| PB003 | 826011.48 | 401901.42 | 98.54 | 90.20 | -50.30 | 199.90 |
| PB004 | 826265.88 | 402097.72 | 117.39 | 90.00 | -50.40 | 203.00 |
| PB005 | 826301.99 | 402291.16 | 100.37 | 90.00 | -50.00 | 203.00 |
| PB006 | 826405.37 | 402300.23 | 100.20 | 90.00 | -50.30 | 205.98 |
| PB007 | 826203.76 | 402571.06 | 107.99 | 90.10 | -50.30 | 200.01 |
| PB008 | 826572.88 | 402474.75 | 85.75 | 270.00 | -50.20 | 233.00 |
| PB009 | 826571.48 | 402472.76 | 85.59 | 90.10 | -50.40 | 221.03 |
| PB010 | 826350.31 | 401927.31 | 87.98 | 50.00 | -50.00 | 266.00 |
| PB011 | 826115.48 | 401803.47 | 93.01 | 270.00 | -50.10 | 233.02 |
| PB012 | 826235.59 | 401806.84 | 106.18 | 270.40 | -50.20 | 209.00 |
| PB013 | 826359.71 | 401798.80 | 93.82 | 270.50 | -50.20 | 206.00 |
*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, 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/277718
FAQ
What are the key Parbo drill results announced by Founders Metals (FDMIF) on December 11, 2025?
How did Da Vinci drilling impact the Antino project for FDMIF in December 2025?
What extension was reported at Maria Geralda and which high-grade intercept was referenced for FDMIF?
Are Antino targets open and will Founders Metals (FDMIF) continue drilling in 2026?
Do the December 11, 2025 assays from FDMIF establish a mineral resource at Antino?
