Founders Metals Drills 6.0 m of 21.43 g/t Gold Near Surface; 10.0 m of 5.90 g/t Gold at Depth
Founders Metals Drills 6.0 m of 21.43 g/t Gold
Near Surface; 10.0 m of 5.90 g/t Gold at Depth
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) -
Founders Metals Inc.
(TSXV:
FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill results from the
Upper Antino target at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname.
Results continue to demonstrate the scale and consistency of gold mineralization at Upper Antino, with
high-grade intervals reported for both near surface and at depth. Highlights include 6.0 metres (m) of
21.43 grams per tonne (g/t) gold (Au) from 49.0 m in hole FR183 and 10.0 m of 5.90 g/t Au from 394.0 m
in hole FR175.
Colin Padget, President & CEO, commented,
"These results confirm the robustness of Upper
Antino's high-grade gold system. The 10-metre intercept of nearly 6 g/t gold from 394 metres downhole
in FR175 confirms we're successfully tracking these structures along strike and deeper into the system.
Equally important, follow-up shallower drilling continues to deliver exceptional grades with intervals like
the 6 metres of 21.43 g/t gold in drillhole FR183 further reinforcing the high-grade nature of the Upper
Antino gold system. With ongoing systematic drilling across multiple targets, we're building a
comprehensive understanding of Antino and are positioning ourselves to further define both high-grade
and bulk tonnage opportunities across the district."
Drilling Highlights
Demonstrated continuity of high-grade gold at depth in southward expansion of Upper
Antino mineralization:
10.0 m of 5.90 g/t Au from 394.0 m and 19.0 m of 2.57 g/t Au from 341.0 m
(FR175)
7.0 m of 2.36 g/t Au from 387.0 m
(FR187)
10.0 m of 5.28 g/t Au from 116.0 m and 16.0 m of 2.88 g/t Au from
193.0 m
(FR189)
Follow-up drilling at Upper Antino with strong near-surface results including:
6.0 m of 21.43 g/t Au from 49.0
(FR183)
21.4 m of 2.71 g/t Au from 21.6
(FR179)
6.0 m of 9.69 g/t Au from 43.0
(FR185)
Geology Discussion
Drilling at Upper Antino continues to expand gold mineralization along strike and at depth across
multiple parallel shear-hosted structures. Holes targeting 300-500 m vertical depth have intersected
broad, high-grade intervals across multiple structures with strong vertical continuity. Near-surface drilling
confirms that grade and width remain consistent within the main shear zone. This geometry - multiple
parallel, steeply-dipping mineralized structures - is consistent with significant Guiana Shield gold
deposits such as Merian in Suriname, and Oko West in Guyana.
About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in
southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the
Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the
region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one
of the most active exploration programs in the global junior gold sector. The Company is committed to
responsible exploration, strong community engagement, and disciplined capital allocation as it
advances Suriname's next major gold camp.
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: +1 306 537 8903 |
Figure 1: Upper Antino Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_001full.jpg
Figure 2: Upper Antino Long-Section
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https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_002full.jpg
Figure 3: Upper Antino Cross-Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/283539_ae10b647041fe936_003full.jpg
Table 1: Upper Antino Assay Results
Drillhole
From (m)
To (m)
Interval (m)
Au (g/t)
FR189
116.00
126.00
10.00
5.28
and
193.00
209.00
16.00
2.88
and
132.00
143.00
11.00
1.24
and
38.10
42.60
4.50
1.37
and
96.00
102.00
6.00
0.51
FR188
0.00
8.10
8.10
0.62
and
86.00
91.00
5.00
5.38
and
98.00
104.00
6.00
0.56
and
139.00
144.00
5.00
1.08
and
162.00
177.00
15.00
0.84
FR187
0.00
11.10
11.10
0.26
and
209.00
222.00
13.00
0.51
and
294.00
301.00
7.00
1.06
and
367.00
374.00
7.00
0.47
and
387.00
394.00
7.00
2.36
FR186
0.00
14.10
14.10
0.37
and
124.00
137.00
13.00
0.64
and
366.00
397.00
31.00
0.22
FR185
17.10
27.60
10.50
1.36
and
43.00
49.00
6.00
9.69
and
89.00
94.00
5.00
0.46
and
113.00
124.00
11.00
1.89
and
215.00
226.00
11.00
0.60
FR184
17.10
38.10
21.00
1.85
and
111.00
117.00
6.00
2.90
FR183
39.00
43.00
4.00
0.43
and
49.00
55.00
6.00
21.43
FR182
43.00
51.00
8.00
2.36
FR181
0.00
11.10
11.10
2.62
and
35.10
46.00
10.90
1.05
FR180
0.00
39.60
39.60
1.15
FR179
21.60
43.00
21.40
2.74
FR178
0.00
26.10
26.10
0.43
and
45.60
51.00
5.40
0.47
FR177
0.00
20.10
20.10
0.41
FR176
0.00
21.60
21.60
0.57
FR175
0.00
6.60
6.60
0.28
and
170.00
173.00
3.00
2.63
and
248.00
264.00
16.00
1.68
and
341.00
360.00
19.00
2.57
and
394.00
404.00
10.00
5.90
and
411.00
417.00
6.00
1.06
DO020
NSA
DO019
NSA
DO018
NSA
DO017
363.00
404.00
41.00
0.34
and
253.00
278.00
25.00
0.40
and
296.00
331.00
35.00
0.29
and
413.00
422.00
9.00
0.75
Drillhole
From (m)
To (m)
Interval (m)
Au (g/t)
* Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on currently
available results and observations. All are diamond drill holes. Average grades are calculated with un-capped gold assays, as insufficient drilling
has been completed to determine capping levels for higher grade gold intercepts. Average widths are calculated using a 0.10 g/t gold cut-off grade
with <5.0 m of internal dilution of zero grade, and a minimum composite length of 2.0 m. Nothing included in table <1 gram * metre.
Table 2: Upper Antino Drillhole Locations
Drillhole
Easting (m)
Northing (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
FR189
817256.10
401001.72
152.54
240.20
-70.30
260.00
FR188
817255.65
401001.57
152.62
240.10
-50.30
200.00
FR187
817412.68
400945.44
192.78
240.00
-65.00
491.36
FR186
817383.40
400986.96
183.99
240.00
-65.20
419.03
FR185
817034.68
401093.94
161.45
245.00
-70.00
275.01
FR184
817034.24
401093.78
161.48
245.20
-50.00
227.00
FR183
817055.52
400896.44
175.23
240.10
-50.20
163.00
FR182
817066.15
400875.00
172.47
240.00
-50.00
103.97
FR181
817083.93
400852.17
171.98
240.20
-50.20
99.84
FR180
817093.19
400832.07
176.66
240.00
-50.00
112.90
FR179
817104.47
400813.92
178.98
240.20
-50.40
121.98
FR178
817111.90
400793.31
182.91
240.30
-50.20
100.00
FR177
817114.03
400780.36
183.47
239.60
-70.20
221.00
FR176
817113.56
400780.08
183.34
240.79
-51.27
167.03
FR175
817338.76
401065.49
173.17
260.00
-55.30
476.03
DO020
817843.67
401136.70
162.05
70.20
-50.10
200.00
DO019
817777.92
401278.41
140.54
69.70
-50.10
257.14
DO018
817348.92
401443.19
206.13
64.39
-44.48
90.60
DO017
817382.72
401615.73
155.82
112.64
-50.15
431.13
Drillhole
Easting (m)
Northing (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
*The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)
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.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation, including statements regarding long term value creation 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
.
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