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Founders Metals Inc. reports news on gold exploration and project advancement at the Antino Gold Project in southeastern Suriname. Company updates regularly cover diamond drilling, auger and channel sampling, high-grade gold intercepts, mapped shear zones, and target areas such as Lower Antino and Antino North within the broader mineralized system.
Additional recurring developments include environmental baseline work tied to environmental assessment and feasibility processes, shareholder-meeting results, equity-based compensation plans, index inclusion, and strategic ownership changes involving Gold Fields.
Founders Metals (OTCQX: FDMIF) reported significant drilling results from its ongoing 60,000-metre drilling campaign at the Antino Gold Project in Suriname. The company achieved notable success in extending the Froyo Zone's vertical depth to over 500 metres, nearly doubling its previous depth.
Key highlights include an impressive intercept of 46.0 metres grading 3.59 g/t gold in hole FR120, and successful depth extensions with 8.0 metres of 2.25 g/t Au (FR115), 13.0 metres of 2.10 g/t Au (FR123), and 21.0 metres of 0.73 g/t Au (FR118). The company also reported promising results from parallel shears between Froyo and Donut zones.
Additionally, Founders Metals is advancing exploration at multiple targets including Maria Geralda, where phase two drilling of up to 2,000 metres is planned, following previous results of 22.5 metres at 11.88 g/t Au. Further exploration activities are ongoing at Van Gogh, Da Vinci, Lawa, and Parbo targets.
Founders Metals Inc. (OTCQX: FDMIF) has announced key leadership appointments to strengthen its team as it advances the Antino Gold Project in Suriname. The company has appointed Harp Gosal as Director of Investor Relations, bringing over a decade of experience and a CPIR designation. Lizbeth Toscano, with 17 years of global experience and an MD degree, joins as Director of Health & Safety. Additionally, Brandon Anholt has been promoted to Director of New Projects, leveraging his 8 years of exploration experience and significant contributions to grassroot discoveries at Antino.
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 Inc. (FDMIF) has announced significant drill core assay results from its Antino Gold Project in Suriname. The company reported notable gold mineralization at Upper Antino, including a highlight intersection of 33.0 metres of 3.50 g/t gold in drilling east of the Main Froyo Shear. The drilling program has successfully extended gold mineralization northward by 125 meters, increasing the total strike length of Froyo to approximately 1.7 kilometres.
Key drilling results include multiple high-grade intersections: 33.0m @ 3.50 g/t Au and 19.0m @ 0.84 g/t Au (FR114), 13.0m @ 2.00 g/t Au (FR082), and 4.0m @ 5.92 g/t Au (FR105). Broader zones were also identified with 41.9m @ 1.06 g/t Au (FR099) and parallel zones of 12.0m @ 1.51 g/t Au and 22.5m @ 0.50 g/t Au (FR101).
Founders Metals (FDMIF) has achieved a significant milestone by completing the US$10 million exploration and development expenditure requirement for Stage 2 of its Option Agreement on the Antino Gold Project in Suriname. Upon finalizing Stage 2, which includes a US$1.5 million cash payment and issuance of 95,000 common shares, the company will increase its ownership stake in the project to 70% (up from 51%). The company expects to complete all remaining requirements, including an internal concept study, by the end of the month.
Additionally, Founders Metals has granted 2.95 million Stock Options at C$4.70 per share and 1.38 million Restricted Share Units (RSUs) to company insiders, with both instruments vesting over three years.
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) announces the publication of a peer-reviewed scientific article in Ore Geology Reviews about the structural controls on gold mineralization at the Antino Gold Project in southeastern Suriname.
The research paper, authored by Founders Metals' Chief Geologist Vincent Combes, reveals that gold mineralization in the Antino district is primarily found within shear zones and intermediate intrusive bodies at lithological boundaries. The study highlights how key deformation events created extensive veining, brecciation, and shear zones, which serve as important pathways for gold mineralization.
The research confirms that later stage deformation was important for high-grade gold concentration at Antino, and emphasizes the significance of tonalite-trondhjemite-granodiorite (TTG) complexes in strain accumulation and distribution.
Founders Metals (TSXV: FDR) (OTCQX: FDMIF) has appointed Barry Macdonald as a new Independent Director to its Board. Macdonald brings over 40 years of experience in strategic governance, international tax, mergers and acquisitions, and corporate finance as a retired PwC Partner and Fellow of the Chartered Professional Accountants of British Columbia.
The company also announced results from its April 8th, 2025 Annual General Meeting, where shareholders approved all Director elections and Macdonald's appointment. The meeting saw participation from 41,676,989 shares, representing 41.94% of outstanding shares. All directors received strong approval ratings, with Colin Padget and Barry Macdonald receiving 99.99% approval, Nicholas Stajduhar 92.85%, Kevin Vienneau 98.79%, and Christopher Taylor 96.88%. Shareholders also approved MS Partners LLP as auditors and the stock option plan.