Gold Intersects From Drill Program At The Antino Project

Gold Intersects From Drill Program At The Antino Project

VANCOUVER  – Founders Metals Inc. reported on the drill program at the Antino Gold Project in southeastern Suriname. The Company reports 38.0 metres of 10.90 grams per tonne (g/t) gold (Au) from its furthest northwest Froyo drillhole to date, 24GG04. Hole 24GG04 intercepts 38.0 m of 10.90 g/t Au from 149.0 m down hole, with metallic screening results pending. Results are from Founders’ furthest northwest drilling at the Froyo Gold Zone. Gold mineralization remains open toward high-grade historical auger sampling results – Intervals are reported at a cut-off grade of 0.3 g/t Au using 5 metres minimum length and 5 metres maximum internal dilution.

Colin Padget, CEO, said, “The 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.

We are also pleased to report that our primary assay lab in Paramaribo has renewed its commitment of two-to-three-week turnaround times on assays. Though assays have often come back much faster, we recognize that with additional drilling, more surface sampling, targeted multi-element geochemistry, and metallic screening of select drill core, we can more reasonably expect two-to-three-week timelines.”