Founders Metals drills 12.95 g/t gold over 6.0 metres, confirming high-grade gold potential at Antino Gold Project, Suriname
Founders Metals Inc. [TSXV: FDR; OTCQX: FDMIF; FSE: 9DL0] reported high-grade gold results from the Lower Antino Target at its Antino Gold Project in southeastern Suriname, South America. Results include 6.0 metres of 12.95 g/t gold, a significant high-grade intercept at Lower Antino, while continued systematic drilling expands the mineralized system along strike.
Colin Padget, President & CEO, commented, “The 6.0 metres of 12.95 g/t gold in LA060 is an important result for Lower Antino. While the system has consistently delivered broad, lower-grade mineralization, this intercept suggests the presence of a higher-grade component, a characteristic we have been actively testing for. Additional drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results into our geological models to better define the geometry and continuity of mineralization as the program advances.”
Highlights: High-grade drill-confirmed intercept near surface at Lower Antino confirms high-grade component within the tonalite-hosted gold system: 6.0 metres of 12.95 g/t Au from 55.0 metres (LA060). The intercept extends mineralization approximately 250 metres west of the nearest previous drilling.
Continued systematic drilling expands the mineralized system with wide intercepts along strike. Drilling to the east confirms continued growth of the mineralized system (LA055, LA056); 200-metre step-out to the south intersects intrusion-hosted mineralization with 18.0 metres of 0.68 g/t Au from 59.1 metres (LA054).
The westernmost hole in this release, LA060, intersected 6.0 metres of 12.95 g/t Au from 55.0 metres depth, delivering the highest-grade composite interval returned from Lower Antino drilling to date and extending mineralization approximately 250 metres to the west. This result confirms the presence of a high-grade shear-related component within the broader tonalite-hosted gold system, consistent with previously reported historical high-grade channel and grab sample results, but that had not yet been confirmed by drilling.
Systematic step-out drilling to the east and south continues to expand the mineralized footprint. Holes LA055 and LA056 confirm broad, consistent gold mineralization along strike to the east, while LA054 intersected gold mineralization in a 200-metre step-out to the south. Sheared and altered tonalite intrusions have been observed in multiple holes with assays pending between known mineralized corridors. Holes LA051 and LA052, the farthest south holes at Lower Antino to date, are interpreted to have been drilled east of the mineralized tonalite bodies.
Lower Antino is one of two Advanced Targets within Founders’ 102,360-hectare contiguous land package, which hosts eight drill-tested gold targets across the 55 km long Antino concession. The company currently has four diamond drill rigs operating at Antino, with two rigs at Antino North, one at Upper Antino, and one at Lower Antino, with results pending at all locations. The Company will continue to systematically advance its highest-priority targets across the district.
Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on currently available results and observations.
Founders Metals is building a district-scale gold camp in southeastern Suriname. The company controls a 102,360-hectare contiguous land package in the Guiana Shield, the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector.