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 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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