Founders Metals Intersects 90.0 m of 1.02 g/t Gold at Lower Antino
Founders Metals Intersects 90.0 m of 1.02 g/t
Gold at Lower Antino
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) -
Founders Metals Inc.
(TSXV:
FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill results from the
Lower Antino Target at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname.
Hole LA041 returned
90.0 metres (m) of 1.02 grams per tonne (g/t) gold (Au)
, including
1.0 m of
28.44 g/t Au
- the highest-grade single drill intercept at Lower Antino to date. The results suggest gold
mineralization at Lower Antino occurs over multiple 15-90+ metre wide, sub-parallel gold zones along
~1.9 kilometres of strike with opportunity to grow.
Lower Antino Highlights
Large-scale gold system confirmed:
Intrusion-hosted orogenic gold system comprising several
broad gold zones along
~1,900 m of strike and to 350 m depth
Consistent grade over wide intercepts
: 90.0 m of 1.02 g/t Au (LA041) and 30.9 m of 1.56 g/t
Au (LA032) are excellent examples of broad mineralized intervals at Lower Antino; other previously
released intervals include 81.9 m of 1.01 g/t Au (LA003) and 50.0 m of 1.02 g/t Au (LA024)
High-grade zones present:
LA041 includes 1.0 m of 28.44 g/t Au, supporting potential for
higher-grade shoots within the broader mineralized system; historical grab samples up to 340 g/t
Au and channel samples up to 21 g/t Au have been reported
Significant oxide opportunity:
Average saprolite/oxide thickness of 50 m across the target area
provides meaningful potential for scalable oxide gold mineralization
Open for expansion in all directions:
Trench results 800 m south of current drilling returned 29.0
m of 0.51 g/t Au and 10.0 m of 0.68 g/t Au, demonstrating significant southward growth potential.
Pending drill results confirm an additional 100 m expansion to the south of the mineralized body.
Founders President & CEO, Colin Padget, commented, "The 90-metre intercept in LA041 is our
strongest result to date at Lower Antino and reinforces our view that this is a large-scale gold system.
The 28 g/t high-grade interval within this intercept is equally significant — it confirms the potential for
higher-grade zones that we first identified from surface sampling. With 50 metres of oxide cover and
mineralization open to the south, Lower Antino offers both near-surface bulk tonnage potential and high-
grade upside. We are ramping up 2026 operations with three rigs now turning and expect to release our
2026 exploration plans in the near future, along with additional results from 2025 drilling."
Geological Discussion
Gold mineralization at Lower Antino occurs within altered and sheared tonalite, a type of intrusive rock
that is a common host for gold deposits in the Guiana Shield. The gold is associated with abundant
disseminated pyrite (up to 15%) and quartz veining, with gold concentrations often consistently
distributed across broad intercepts. The drill-defined system aligns with a greater than 2 km geophysical
anomaly identified from IP surveys and similar scale gold geochemical anomaly, indicating the potential
footprint extends well beyond current drilling.
Mineralized intervals appear to be generally increasing in width as we continue to drill further south, and
the system remains open for expansion. Trenching 800 m beyond current drill extents returned 29.0 m of
0.51 g/t Au and 10.0 m of 0.68 g/t Au, and recent drilling 100 m further south shows similar mineralization
to the holes in this release with assays pending. The system continues to expand with drilling, reinforcing
Lower Antino's emergence as a significant gold target and potential companion to Upper Antino's high-
grade shear hosted vein mineralization.
Importantly, high-grade zones exist within the broader system. LA041 includes 1.0 m of 28.44 g/t Au, and
historical sampling has returned grades up to 340 g/t Au in grab samples and 21 g/t Au in channel
samples. These results indicate potential for higher-grade targets that could enhance future potential
economics of the bulk tonnage system. Additionally, the weathered surface layer (saprolite) averages 50
m thick across the target, presenting a near-surface oxide gold opportunity amenable to lower-cost
extraction methods.
Figure 1:
Antino Gold Project Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/281234_foundersfig1.jpg
Figure 2:
Lower Antino Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/281234_foundersfig2.jpg
Table 1:
Drill Hole Assay Results
Drillhole
From (m)
To (m)
Interval (m)
Au (g/t)
25LADD042
0.00
48.60
48.60
0.33
and
103.00
109.00
6.00
0.62
25LADD041
156.00
246.00
90.00
1.02
and
256.00
280.00
24.00
0.42
25LADD040
0.00
57.60
57.60
0.43
and
109.00
149.00
40.00
0.33
and
187.00
199.00
12.00
0.30
and
208.00
270.00
62.00
0.33
25LADD039
230.00
232.00
2.00
2.65
25LADD038
122.00
127.00
5.00
0.57
25LADD037
NSA
25LADD036
112.00
118.00
6.00
0.37
25LADD035
NSA
25LADD034
110.00
136.00
26.00
0.35
25LADD033
0.00
8.10
8.10
0.85
and
29.10
60.00
30.90
1.56
25LADD032
89.00
103.00
14.00
0.46
and
155.00
163.00
8.00
0.30
25LADD031
NSA
25LADD030
237.00
239.00
2.00
3.19
25LADD029
138.00
210.00
72.00
0.50
and
247.00
275.00
28.00
0.56
*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
.
Interval 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. Intervals below 1.0 gram-metre or with average
grade below 0.2 g/t Au are not reported.
Table 2:
Drill Hole Locations
Hole ID
Easting (m)
Northing (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
LA042
821858.04
401731.51
125.23
270.00
-50.10
200.00
LA041
821619.38
401365.37
171.11
270.10
-50.20
330.56
LA040
821568.72
401747.58
147.49
270.20
-45.30
272.00
LA039
821454.51
402292.11
168.56
110.10
-50.30
233.09
LA038
822056.55
402366.44
168.96
110.00
-50.00
199.72
LA037
821944.45
402404.97
158.84
110.00
-50.20
211.86
LA036
821530.21
402514.81
140.28
269.90
-50.20
253.88
LA035
821671.26
402526.41
127.10
270.10
-50.20
280.96
LA034
821069.23
401845.17
176.14
110.00
-49.90
311.12
LA033
821194.74
401644.14
128.66
290.00
-50.00
290.19
LA032
821451.92
402050.23
133.85
120.10
-50.30
308.18
LA031
821656.00
402112.55
125.87
120.00
-50.00
278.00
LA030
821887.71
402089.22
131.956
120.40
-50.00
250.78
LA029
821156.87
401572.83
129.21
290.10
-50.00
301.84
*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 56,000 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.
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 long term value creation and 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
.
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.
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) Au, 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/281234