Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery
Founders Metals Hits 28.5 m of 7.12 g/t Au in
First Drill Hole at Van Gogh Discovery
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) -
Founders Metals Inc.
(TSXV:
FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the first assay results
of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at its Antino Gold
Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company reports 28.5 metres
(m) of 7.12 grams per tonne (g/t) gold (Au) from 18.6 m in the first drill hole at Van Gogh, 3.8 km east of
the Da Vinci prospect. The drilling follows up on high-grade channel sampling results reported on
January 21
st
(
news release)
.
Highlights
Drilling confirms Van Gogh discovery with 28.5 m of 7.12 g/t Au from 18.6 m in first drill hole
3.8 km step-out from nearest drill hole on property
Early drilling suggests potential for multiple parallel zones
Pending drillholes with similar quartz-sulphide mineralization suggest continuity of mineralized
body over >150 m
New discoveries at Van Gogh and Da Vinci further support Founders' exploration strategy
Strong discovery potential for the additional 9 high-priority targets at Antino
"The discovery of high-grade gold at Van Gogh is a major milestone for Founders Metals and further
validates our approach to exploration at Antino," stated President and CEO, Colin Padget. "28.5 m of
7.12 g/t Au in our first drill hole at Van Gogh is an incredible start. These assay results, along with our
recent Da Vinci discovery, underscore the potential for additional high-grade gold discoveries across
the property. 2025 is off to a great start and we're excited to continue unlocking the full potential of
Antino."
Geology Discussion
Van Gogh is 2.0 km from Lawa and 3.8 km from Da Vinci, and forms part of an emerging multi-kilometre
northwest oriented gold trend that extends to the Maria Geralda target. This trend aligns parallel to the
Main Antino Shear Zone, which spans 15+ km from Upper Antino to Da Vinci (Figure 1).
Gold mineralization at Van Gogh occurs within a ~30 m wide mylonite zone with up to 5 m intervals of
strongly silicified country rock and quartz. The gold-rich intervals locally contain up to 15% sulphide
(pyrite) and the highest-grade intervals are often associated with brecciation. Moderate to strong
sericite-chlorite-ankerite alteration occurs throughout the mineralized interval and up to several metres
into the surrounding country rock.
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 surface and alluvial mining to date
1
. The Company
is fully financed for up to 60,000 metres of drilling in 2025.
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
Table 1:
Drill Hole Assay Results
Hole ID
From (m)
To (m)
Sample Width
Au (g/t)
25VG001
18.60
47.10
28.50
7.12
Table 2:
Detailed Drill Hole Assay Results
Hole ID
From (m)
To (m)
Sample Width
Au (g/t)
25VG001
18.60
20.10
1.50
0.69
25VG001
20.10
21.60
1.50
1.79
25VG001
21.60
23.10
1.50
2.51
25VG001
23.10
27.60
4.50
0.32
25VG001
27.60
29.10
1.50
2.79
25VG001
29.10
30.60
1.50
0.40
25VG001
30.60
32.10
1.50
0.46
25VG001
32.10
33.60
1.50
3.96
25VG001
33.60
35.10
1.50
2.81
25VG001
35.10
36.60
1.50
7.22
25VG001
36.60
38.10
1.50
7.26
25VG001
38.10
39.60
1.50
4.00
25VG001
39.60
41.10
1.50
17.85
25VG001
41.10
42.60
1.50
31.30
25VG001
42.60
44.10
1.50
21.69
25VG001
44.10
45.60
1.50
17.65
25VG001
45.60
47.10
1.50
11.97
Table 3: Drill Hole Location
Hole ID
Easting* (m)
Northing* (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
25VG001
828028.0
395905.0
124.4
79.9
-49.7
341.0
Figure 1: Property Scale Map with Auger Samples and Van Gogh Drilling Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/241626_7ca629e8d46c3b97_001full.jpg
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.Geo., a 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. Forward-looking information includes, without limitation, statements regarding the
use of proceeds from the Company's recently completed financings and the future or prospects of the
Company. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a
number of assumptions that, while considered reasonable by management, are inherently subject to
business, market, and economic risks, uncertainties, and contingencies that may cause actual results,
performance, or achievements to be materially different from those expressed or implied by forward-
looking statements. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information, other factors may
cause results not to be as anticipated, estimated, or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
information. Other factors which could materially affect such forward-looking information are described in
the risk factors in the Company's most recent annual management discussion and analysis. The
Company does not undertake to update any forward-looking information except in accordance with
applicable securities laws.
All material information on Founders Metals can be found at
www.sedarplus.ca
.
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