Founders Metals Commences Airborne Geophysics and Auger Sampling Programs at Antino
Founders Metals Commences Airborne
Geophysics and Auger Sampling Programs at
Antino
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) -
Founders Metals Inc.
(TSXV:
FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the start of
property-wide geophysical and geochemical surveys at the Antino Gold Project ("Antino" or "Project") in
southeastern Suriname (Figure 1). The surveys are intended to support growth-focused drilling around
current targets, further improve the Company's understanding of regional-to-deposit scale controls on
gold mineralization, and identify new exploration targets.
Colin Padget, President & CEO, commented,
"More than half of the Antino Property remains
completely unexplored by modern systematic exploration methods. This fall we intend to complete
property-wide auger sampling at a spacing that has been effective at identifying major gold occurrences
elsewhere at Antino. Additionally, the concurrent airborne geophysical surveys use the latest technology
to provide high-resolution datasets that we believe are key to unlocking the full exploration potential of
the target-rich geological environment at Antino. We are continuing aggressive exploration drilling on the
project with our ongoing 60,000 m program, and we look forward to providing an update to the market
with results in the near-term."
Auger Sampling
As shown in Figure 2, extensive property wide auger sampling programs comprising approximately
8,000 samples are underway to:
Extend recent and historical auger grids to gain full regional coverage across Antino at 400 m line
spacing with 50 m sample spacing along lines
Infill regional coverage at 200 m line spacing over areas of historical auger gold anomalies and
where mapping/prospecting work identified quartz veining and shearing at surface
Construct targeted 100 m line spaced grids over the Maria Geralda, Van Gogh, and Da Vinci gold
trends (in progress). These more tightly spaced grids provide higher resolution geochemical data
over regional-scale structures linked to Antino gold mineralization.
Airborne Geophysics
Founders has engaged Expert Geophysics Surveys Inc. to conduct a coincident airborne time-domain
electromagnetic (EM) and magnetics survey at 100 m line spacing across the entire Project (Figure 3).
The helicopter flown TargetEM26 system employed will deliver high resolution 3D conductivity-resistivity
and magnetics data to up to 300 m vertical depth below surface. This system is widely recognized for its
effectiveness in similar geologic terranes where it is known to successfully delineate key geological
features associated with gold mineralization such as major faults, fold patterns, and the presence of
intrusive complexes. These high-resolution datasets will aid in drill targeting on Founders' intermediate
and emerging target areas as well as give new insights into areas that, to date, remain completely
unexplored. Founders expects preliminary data from these surveys by mid Q4.
Ongoing Work at Antino
Founders Metals continues to aggressively advance drilling at Antino, with four drills turning: two drills at
Upper Antino, one newly arrived drill at Parbo, and one drill at Maria Geralda. Current work includes:
Continued drilling at Upper Antino to extend gold mineralization along strike and between Froyo
and Donut
Maiden 2,000 m drill program now underway at the Parbo target
Increased drill program at Maria Geralda following up on initial results in MG003 of
22.5 m of
11.88 grams per tonne (g/t) gold (Au) and subsequent 1,300 m long auger gold anomaly
Ongoing trenching, mapping, and prospecting to provide structural context for the second phase of
drilling across high-priority targets including Van Gogh, Da Vinci, and Lawa during this dry season
Figure 1:
Antino Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/266950_58cdd6e9942ef8d6_001full.jpg
Figure 2: Planned Auger Survey
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/266950_58cdd6e9942ef8d6_002full.jpg
Figure 3:
Geophysics Survey Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/266950_58cdd6e9942ef8d6_003full.jpg
Notice of Change of Auditor
The Company's Board of Directors ("BoD") has appointed Davidson & Company LLP as the
Company's new auditor, replacing MS Partners LLP ("MS Partners"). MS Partners resigned as auditor
of the Company effective September 8, 2025. Davidson & Company LLP was appointed as the
Company's auditor effective September 15, 2025. The Company has filed Notices of Change of Auditor
in respect of this change under its profile on SEDAR+ at
www.sedarplus.ca
.
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold
Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares
and has produced over 500,000 ounces of gold from historical surface and alluvial mining to date1. The
Company is systematically advancing one of Suriname's most promising gold exploration and
development opportunities with drill-confirmed, district-scale potential. Founders is committed to
responsible exploration, community engagement, and delivering long-term value to shareholders through
technical excellence and strategic growth in the Guiana Shield.
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 |
Harp Gosal, Director, Investor Relations
Tel: 236 301 4211 |
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation, including statements regarding the use of proceeds from the Company's recently
completed financings and the Company's prospects. Forward-looking information can generally be
identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or
results "may", "could", "would", "might" or "will" occur or be achieved.
Forward-looking statements are based on management's current expectations and reasonable
assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies
that may cause actual results to differ materially from those expressed or implied, including: general
business and economic uncertainties; exploration results; mining industry risks; and other factors
described in the Company's most recent annual management discussion and analysis. Although the
Company has attempted to identify important factors that could cause actual results to differ materially,
other factors may cause results not to be as anticipated. There can be no assurance that forward-looking
information will prove accurate, as actual results and future events could differ materially from those
anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information except in accordance with
applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All material information on Founders Metals can be found at
www.sedarplus.ca
.
Quality Assurance and Control
Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo,
Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75%
passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were
analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that
return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire
assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in
the sample sequence for quality control. External QA-QC checks are performed at ALS Global
Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A
secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible
gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by
nature and may not be representative of the mineralization hosted on the project.
Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne,
M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.
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