Thursday, July 3, 2025

Founders Metals Hits 10.9 g/t Gold Over 38 Metres

Substantial gold intercepts are being reported by Founders Metals (TSXV: FDR) from a recent drill campaign conducted at its Antino Gold project in Suriname.

The results of a single hole were released this morning, which follows preliminary data that was put out by the company on March 4. Highlights from the results include:

  • 24GG04: 10.90 g/t gold over 38.0 metres from a depth of 149.0 metres

The result comes from the furthest northwest drilling conducted at Froyo Gold Zone, with the zone remaining open. The interval is said to have intercepted a gold vein, and due to an abundance of course goal within the core, samples have been resubmitted for metallic screening.

“Today’s results are some of the best we’ve seen at Antino, and are yet another example of the exceedingly high-grade, near surface gold mineralization at Froyo. Additionally, we have submitted samples for metallic screening to determine gold concentrations using a much larger sample volume. This method can capture coarser gold than fire assay. We expect the result soon,” commented CEO Colin Padget.

The drill result is part of a large initial drill program being conducted by Founders in 2024, which intends to drill up to 30,000 metres at the project. A number of gold intercepts have been made under the program which began in mid-January, including:

  • 23FR048: 8.18 g/t gold over 15.0 metres from a depth of 63.0 metres
  • 23FR049: 5.52 g/t gold over 26.0 metres from a depth of 44.0 metres
  • 24DO06: 2.16 g/t gold over 45.0 metres from a depth of 197.0 metres

Founders Metals last traded at $1.56 on the TSX Venture.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Founders Metals Closes Out $32.1 Million Financing Round That Saw B2Gold Take 5% Stake

Founders Metals (TSXV: FDR) has closed on a bought deal financing, which was part of...

Friday, October 25, 2024, 09:16:18 AM

Could Founder Metals Be the Next Great Bear? | Colin Padget

In this interview, Colin Padget, CEO of Founders Metals (TSXV: FDR), discusses the company’s remarkable...

Sunday, February 2, 2025, 01:47:00 PM

Founders Metals Bumps Ownership In Antino Gold To 70%

Founders Metals (TSXV: FDR) has successfully increased their ownership in the Antino Gold project in...

Friday, June 13, 2025, 09:49:48 AM

Founders Metals Hits 2.29 g/t Gold Over 72 Metres At Van Gogh

Founders Metals (TSXV: FDR) has again intersected high grade gold mineralization at its Antino Gold...

Monday, March 17, 2025, 09:08:32 AM