New Upper Targets Planned On Antino Drill Program

New Upper Targets Planned On Antino Drill Program

VANCOUVER – Founders Metals Inc. reported on its 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports results for a further two holes from the Froyo Gold Zone with highlight down hole intervals of 15.0 metres (m) of 8.18 grams per tonne (g/t) gold (Au) and 26.0 m of 5.52 g/t Au. Drill holes 048 and 049 intercept gold mineralization over multiple zones starting from surface with 297.2 and 190.2 total gram-metres per tonne (gm/t), respectively.

Colin Padget, CEO, said, “We continue to define and expand the impressive gold mineralization at Froyo, and these two holes are further evidence of a much broader gold system than previously recognized by earlier explorers on the property. We are adding ounces with every drill hole and as we continue drilling at Froyo, our focus is expansion and efficient resource definition work. We are also set to begin drill testing some new Upper Antino targets as part of our larger 2024 exploration plans.”

Drill hole 048 and 049 intercepted multiple zones of intense silicification and local sericitization. Tourmaline and Fe-carbonate are commonly associated with elevated gold grades. Pyrrhotite and pyrite content ranges from 5 – 20% within the gold zones. The apparent orientation and overall character of these intervals is similar to the main Froyo Gold Zone.