Founders Metals Appoints New Vice President of Exploration and Issues Options
Founders Metals Appoints New Vice President
of Exploration and Issues Options
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2023) -
Founders Metals Inc. (TSXV: FDR) (the
"
Company
") is pleased to announce that Pascal Voegeli has been appointed Vice President of
Exploration, effective May 01, 2023.
Mr. Voegeli will lead the upcoming exploration and expansion plans
at the Company's Antino Gold Project in Suriname's Guiana Shield.
Pascal is an exploration geoscientist with experience working on epithermal, porphyry, and orogenic
gold deposits across several jurisdictions in North and South America. Pascal is currently a Senior
Geologist with Metals Group where he has been actively involved in advancing several precious and
base metal exploration and mining projects. Pascal was previously working as a Senior Geologist on
Benchmark Metals' Lawyers Project in British Columbia's Toodoggone mining district; he had an active
role in advancing that project from early exploration to a 3.6 million ounce gold resource.
Mr. Voegeli holds a Bachelor's and Master's degree in Geology from the University of Alberta, where his
research focused on better understanding the physiochemical controls on gold/silver mineralization in
northeastern British Columbia. His work was supported by numerous grants and awards, including a
scholarship award from Canada's Natural Science and Engineering Research Council (NSERC).
"We are very glad to have Pascal join the Founders team," stated Colin Padget, Founders Metals' CEO.
"His strong technical background and experience working on and advancing gold projects will be a of
great benefit to the upcoming exploration work. Founders is working on the most advanced gold
exploration project in Suriname, and we look forward to having Pascal lead our exploration efforts toward
developing the Antino Gold Project into Suriname and the Guiana Shield's next major gold camp."
Option and RSU grant
Founders Metals Board of Directors has granted share-based incentive compensation to certain
directors, officers, and consultants of the Company. Pursuant to its Option and RSU Plans, 2,810,000
Options and 2,575,000 Restricted Share Units ("RSUs") have been issued. The stock options are
exercisable at C$0.35 per share with a 5-year term and vest immediately. The RSUs vest one year from
the date of grant.
About Founders Metals Inc.
Founders Metals is a Canadian exploration company focused on advancing gold projects in the Guiana
Shield. Its flagship project is the >20,000 ha Antino Gold Project in South America's underexplored and
mining-friendly country of Suriname. Historical surface/alluvial gold mining on the property has produced
over 500,000 gold ounces to date
1
. Historical exploration work at Antino includes, over 30,000 m of
historical drilling, >35,000 auger gold-in-soil samples, property-wide aeromagnetic survey data, and a
2022 LiDAR survey, providing numerous opportunities to expand known high-grade greenstone gold
mineralization, and delineate new targets.
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
For further information, please contact:
Nick Stajduhar, Director
Telephone: +1 (780) 701-3216
Email:
Company disclaims any intent or obligation to update any forward-looking statement, whether because
of new information or future events, or results or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/163612