Welcome to our dedicated page for Founders Metals news (Ticker: FDMIF), a resource for investors and traders seeking the latest updates and insights on Founders Metals stock.
Founders Metals Inc. (FDMIF) is a gold exploration company advancing its Antino Project in Suriname's Guiana Shield, a region renowned for high-grade mineralization. This page aggregates all official news releases and verified updates about the company's exploration programs, technical validations, and strategic developments.
Investors and analysts will find comprehensive coverage of drilling results, metallurgical testing outcomes, and partnership announcements. The curated collection includes updates on key exploration targets like the Froyo and Buese zones, quality assurance protocols, and resource estimation progress.
Key content categories encompass earnings communications, operational milestones, leadership updates, and third-party technical reports. All materials are sourced directly from company filings and vetted industry publications to ensure reliability.
Bookmark this page for streamlined access to Founders Metals' latest developments. Check back regularly for authoritative updates on gold exploration activities in one of South America's most prospective mining regions.
Founders Metals has released the results from ten new drill holes at its Antino Gold Project in Suriname. Key highlights include an extension of the Froyo Zone by 85 meters with significant gold intercepts: 24.0 meters at 5.06 g/t gold and 11.7 meters at 2.37 g/t gold. Additional discoveries in sub-parallel mineralized shears were also reported. The zone remains open in all directions, and ongoing drilling aims to further model the gold continuity. The company plans to introduce a third diamond drill soon and start drilling at Buese next week, showing strong potential for further gold discoveries in the region.
Founders Metals has reported positive preliminary metallurgical results from its Antino Gold Project in Suriname. The tests, conducted on samples from the Froyo Zone, showed gold recoveries ranging from 90.9% to 96.2%. The samples had head grades between 1.55 g/t and 20.22 g/t of gold. No issues like preg-robbing or deleterious elements were found. These results bolster confidence in the project's potential. Future testing will focus on optimizing grind size, reagent consumption, and leaching kinetics. CEO Colin Padget emphasized the promising nature of these findings, stating they align with the company's expectations based on observed mineralogy and geology.
Founders Metals announced significant drill core assay results from its 2024 drill program at the Antino Gold Project, southeastern Suriname. The phase one drilling at the Donut Zone revealed a new shear zone, termed the West Donut Shear, intercepted in four holes over 150 meters of strike. Key intersections include 8.0 meters of 6.64 g/t gold and 4.5 meters of 3.27 g/t gold. The Donut Zone exhibits both high-grade and broader, lower-grade gold mineralization, with key intervals such as 19.0 meters of 1.02 g/t gold and 6.0 meters of 3.10 g/t gold. These results indicate substantial gold continuity and potential for further exploration.
Founders Metals Inc. has acquired a third diamond drill rig for the Antino Gold Project in Suriname and completed a US$6 million work commitment milestone, entitling the company to acquire 51% of the project. President and CEO, Colin Padget, expressed enthusiasm for the progress in exploration and project development, highlighting the potential for bulk-tonnage mineralization at the Buese target.
Founders Metals Inc. (TSXV: FDR) welcomes Katie MacKenzie as Vice President of Corporate Development. Ms. MacKenzie, with a decade of mining industry experience, will oversee investor relations and corporate development. Her expertise in geology and capital markets will help grow and unlock value at the Antino Gold Project.
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