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) generates frequent news flow centered on its work at the Antino Gold Project in southeastern Suriname. Company releases highlight drilling results, surface exploration updates, property expansion transactions, and corporate developments related to this gold exploration asset in the Guiana Shield.
Many announcements focus on drill core assay results from targets such as Upper Antino, Froyo, Donut, Maria Geralda, Parbo, Da Vinci, and Lower Antino. These updates often describe high-grade intercepts, extensions of gold mineralization along strike and at depth, and the identification of new mineralized structures or corridors. Surface exploration news covers auger sampling grids, trenching, mapping, and the definition of gold-in-auger anomalies over kilometre-scale trends.
Founders also issues news on project-scale initiatives, including the acquisition of additional exploration concessions that expand the Antino land package to approximately 56,000 hectares, and the commencement of airborne geophysical surveys designed to improve understanding of regional-to-deposit scale controls on gold mineralization. These items provide context on how the company is building a district-scale exploration position in the Guiana Shield.
Corporate and financing updates appear in the news flow as well, such as a strategic investment by an affiliate of Gold Fields Limited, increased ownership by B2Gold Corp., and board and governance changes. Together, these releases give investors and observers a detailed view of how Founders Metals is advancing exploration, strengthening its technical and financial position, and refining its understanding of the Antino Gold Project.
This news page aggregates these disclosures so readers can follow drilling campaigns, exploration milestones, land consolidation steps, and corporate announcements related to Founders Metals and its Antino Gold Project over time.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) announces promising drill core assay results from its 2024 drill program at the Antino Gold Project in Suriname. The highlights demonstrate successful step-out exploration drilling at the Froyo Gold Zone, including:
- 44.0 m of 2.05 g/t Au (24GG013), including 11.0 m of 5.73 g/t Au
- 35.0 m of 2.37 g/t Au (24FR073)
- 30.0 m of 2.77 g/t Au (24GG006)
- 3.0 m of 10.20 g/t Au (24FR076)
- 9.3 m of 3.39 g/t Au (23GG002)
The results show a significant extension of mineralization, with drill hole 24GG013 representing a 65 m step-out north along strike of the previously released drillhole 24FR074. The new mineralization provides additional confidence in the continuity of parallel zones at Froyo, which remain open along strike and at depth.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) announces promising drill core assay results from its 2024 drill program at the Antino Gold Project in Suriname, focusing on the Froyo Gold Zone. Significant highlights include:
- 46.0 m of 5.31 g/t Au (24FR074), including 10.0 m of 12.05 g/t Au and 4.0 m of 29.36 g/t Au
- 28.0 m of 3.35 g/t Au and 7.0 m of 13.52 g/t Au (24FR075)
The results expand previously identified gold mineralization 150 meters eastward of the main Froyo Shear, confirming multiple robust, gold-bearing structures. The company plans to continue exploration on these parallel zones to further define their extent.
Founders Metals has commenced its 2024 drill program at the Buese area of the Antino Gold Project in Suriname. The program plans to drill up to 7,000 meters, starting with an initial 3,000 meters. Using their newly acquired third diamond drill, they aim to test high-grade shear zones and bulk-tonnage targets. New geophysical surveys have identified previously unknown mineralized structures, confirmed by high-grade gold samples. The Buese area spans over 600 hectares, with gold mineralization mapped along a 2 km segment. Recent findings include channel samples with up to 113.0 g/t gold, indicating significant bulk-tonnage potential. The first phase of drilling focuses on these promising targets.
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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