Founders Metals (TSXV: FDR) has delivered another round of robust drill results from its Antino Gold Project in Suriname, providing further evidence of a large-scale gold system at the Lower Antino target.
The company this morning reported several broad intercepts of gold mineralization, headlined by hole LA046 which returned 65.9 metres of 1.16 g/t gold.
Highlights from the results include:
- LA044: 0.34 g/t gold over 113.5 metres from a depth of 1.5 metres
- Including 0.82 g/t gold over 30.0 metres
- LA045: 0.31 g/t gold over 20.10 metres from surface
- LA046: 0.83 g/t gold over 115.0 metres from surface
- Including 1.16 g/t gold over 65.9 metres
- LA050: 0.57 g/t gold over 24.0 metres from a depth of 47.10 metres
These latest assays underscore the continuity of the mineralized footprint at Lower Antino, which now spans over 1,900 meters in strike length, and is found in a larger gold-in-auger anomaly that measures 1.5 kilometres by 2.8 kilometres.
The technical success at the drill bit has prompted the company to officially upgrade Lower Antino to an “advanced-stage target.” While the designation reflects a shift in internal priority, the designation implies that the company intends to include the zone in future resource estimates. The results confirm that Lower Antino is not just a secondary prospect, but a primary driver of the project’s overall value.
“With gold in every hole and consistently wide intercepts, Lower Antino is emerging as a meaningful contributor to the district’s overall potential,” stated Colin Padget, President and CEO of Founders Metals.
Founders Metals last traded at $4.40 on the TSX Venture.
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