Founders Metals Expands High-Grade Gold Zone at Upper Antino with 46.0 m of 3.59 g/t Au & Deep Drilling Extends Mineralization to 500 m Vertical Depth
Founders Metals Expands High-Grade Gold
Zone at Upper Antino with 46.0 m of 3.59 g/t Au
& Deep Drilling Extends Mineralization to 500
m Vertical Depth
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2025) -
Founders Metals Inc.
(TSXV: FDR)
(OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from
its ongoing, fully funded 60,000 metre drilling campaign at the Antino Gold Project in southeastern
Suriname (Figure 1).
Colin Padget, President and CEO of Founders said, "We're seeing exciting results on multiple fronts at
Upper Antino. Ongoing drilling testing continuity and growth of high-grade domains within Froyo, hit an
impressive
46.0 metres of 3.59 grams per tonne gold
in FR120, and we are continuing to see
success in our eastward steps toward Donut. Early results from our deep drilling program
nearly
double the vertical depth of the Froyo Zone to over 500 metres from surface
, substantially
increasing the expansion potential at Upper Antino."
Upper Antino Drilling Highlights
Depth Extension Success:
First three deep holes
extend gold system to 500 metres vertical
depth
including:
8.0 metres (m) of 2.25 grams per tonne (g/t) gold (Au) from 597.0 m (FR115)
13.0 m of 2.10 g/t Au from 468.0 m (FR123)
21.0 m of 0.73 g/t Au from 458.0 m (FR118)
Continuity of High-Grade Domains:
46.0 m of 3.59 g/t Au from 174.0 m in Main Froyo Shear (FR120)
24.0 m of 2.03 g/t Au from 26.1 m in Parallel Shear (FR122)
Parallel shears between Froyo and Donut
:
28.0 m of 1.18 g/t Au from 332.0 m (FR126)
11.0 m of 2.32 g/t Au from 397.0 m (FR123)
Results Discussion
Recent drilling at Upper Antino is delivering strong results both at depth and along strike (Figure 2). The
standout FR120 intercept of 46.0 m of 3.59 g/t Au successfully targeted shallow plunging, northwest
trending orientation of a high-grade shoot along the main shear at Froyo (Figure 3) in a 50 m along-
strike step and serves to reinforce the continuity of these domains. Drill hole FR126 is the furthest east
step to date toward Donut and intersected a 28.0 m zone of 1.18 g/t Au.
Deeper drilling extends Upper Antino's shear-hosted gold mineralization to approximately 500 m vertical
depth, highlighted by 8.0 m of 2.25 g/t Au (FR115), 13.0 m of 2.10 g/t Au (FR123), and 21.0 m of 0.73 g/t
Au (FR118). These are encouraging initial results that confirm the continuation of this robust gold system
to depth. We note that gold-bearing intervals at depth are geologically similar in character to shallower
Upper Antino mineralization and Founders sees substantial opportunity to intercept new high-grade
domains in ongoing and future drilling along strike.
Emerging Targets Exploration Update
Maria Geralda has entered phase two drilling, with up to 2,000 metres of drilling planned to follow up on
the
previously reported
impressive results of 22.5 m at 11.88 g/t Au from hole MG003 (Figure 1). The
team has recently expanded the surface auger drilling program to cover 750 metres along strike of the
initial drilling area, and new surface exploration results are expected to be released soon.
Meanwhile, exploration activities are actively underway at the Van Gogh, Da Vinci, Lawa, and Parbo
targets (Figure 1), encompassing comprehensive surface exploration programs that include geological
mapping, rock sampling, channel and trench sampling, and deep auger drilling programs. As conditions
in the area begin to dry out, follow-up drilling at these targets is anticipated to commence in early Q4
2025.
Figure 1: Antino Property Map
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Figure 2: Upper Antino Plan Map
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Figure 3: Upper Antino Long Section
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Table 1: Drill Hole Assay Results
Hole ID
From (m)
To (m)
Interval* (m)
Au (g/t)
FR126
44.1
60.6
16.5
0.33
and
332.0
360.0
28.00
1.18
FR123
271.0
308.0
37.00
0.67
and
295.0
305.0
10.00
1.06
and
368.0
370.0
2.00
6.08
and
397.0
408.0
11.00
2.32
and
468.0
481.0
13.00
2.10
and
659.0
663.0
4.00
1.40
FR122
26.1
50.1
24.00
2.03
FR121
36.6
42.6
6.00
2.37
and
267.0
278.0
11.00
0.88
FR120
174.0
220.0
46.00
3.59
and
355.0
371.0
16.00
0.39
FR118
250.0
253.0
3.00
5.83
and
347.0
351.0
4.00
0.91
and
458.0
479.0
21.00
0.73
FR115
398.0
404.0
6.00
1.20
and
597.0
605.0
8.00
2.25
*Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on preliminary
results and observations. All are diamond drill holes.
Table 2: Drill Hole Locations
Hole ID
Easting (m)
Northing (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
FR126
817458.4
401319.4
166.0
250.1
-50.1
539.2
FR123
817350.5
401145.5
158.0
265.5
-65.2
756.7
FR122
817003.7
401453.0
168.0
270.0
-54.9
496.9
FR121
817005.0
401452.5
168.0
250.0
-55.2
355.9
FR120
817021.0
401332.5
218.5
250.1
-55.1
383.0
FR118
817247.3
401580.0
161.0
249.8
-55.2
602.1
FR115
817264.5
401357.8
184.7
250.3
-60.1
617.0
*The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)
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 date
1
. 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.
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.
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 |
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
.
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