Founders Metals Samples High-Grade Gold up to 54 g/t Au along 1.5 km of Strike at Upper Antino
Founders Metals Samples High-Grade Gold up
to 54 g/t Au along 1.5 km of Strike at Upper
Antino
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Founders Metals Inc. (TSXV: FDR) (the
"
Company
") is pleased to announce results from its preliminary ground exploration program at the
Antino Gold Project ("Antino") in Suriname. The exploration program focused on mapping and sampling
in pits and other areas exposed by recent historical mining. Gold mineralization grading up to 54 g/t Au
is reported from rock grab and channel samples collected in shallow artisanal mining pits and trenches
along more than 1.5 kilometers of strike length transecting the Antino Property's Upper Antino Area
(Figure 1).
Highlights include:
45 rock grab and channel samples out of 411 samples taken grading above 1.00 g/t Au
and up to
54.12 g/t Au
Demonstrable continuity of high-grade gold
confirmed over a strike length of more than 1.5
km
Confirmation of an extensive, mineralized shear zone
with several subsidiary structures
High-grade gold mineralization is associated with quartz veining in a number of 5-25 m wide
discreet shear structures within a broad shear zone
Samples grading over 10 g/t Au collected from exposed pit walls at both the NW and SE end of the
mineralized zone
Potential for significant lower-grade gold mineralization associated with broad stockwork veining
in intrusive rocks.
Colin Padget, Founders' CEO, commented "The promising results from this early surface exploration
work demonstrate the continuity of high-grade mineralization along strike in the Upper Antino area and
provides an early sense of the potential scale of gold mineralization here and elsewhere across the >200
km
2
Antino Property. As we add this new information to the extensive historical exploration database, we
are uncovering exciting new targets that will be tested in the upcoming 2023 drill program."
Figure 1: Antino's Location in the Guiana Shield (A) and 2023 Surficial Program Target Areas
(B)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/163789_foundersm.jpg
The results of this early exploration program provide crucial geochemical, alteration, and structural
information for planning the upcoming summer 2023 drill program. Additionally, the Founders' technical
team is evaluating multi-element geochemistry obtained on a subset of the 371 samples collected
across the larger Antino property to determine any potential alteration or trace-element association with
gold mineralization. The results of this work as well as detailed information on Founders drilling and
exploration plans at Antino will be available in a future release.
Figure 2: Rock Sampling Highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/163789_d3515944b44f49a0_004full.jpg
Table 1: 2023 Sampling Highlights
Froyo Trend
ID
X
Y
Year
Au (ppm)
F0000084
816978
400978
2023
54.12
F0000137
816968
400963
2023
36.63
F0000094
817018
400893
2023
26.69
F0000140
817019
400893
2023
21.202
F0000012
817013
400897
2023
19.43
F0000058
817112
400740
2023
18.44
F0000090
817016
400897
2023
14.45
F0000004
817121
400758
2023
13.73
F0000201
816982
400967
2023
16.87
F0000085
816971
400971
2023
10.14
Ginger and Eclaire Trend(s)
F0000169
816678
401475
2023
10.86
F0000203
816866
401100
2023
6.96
F0000233
816799
401427
2023
4.425
Donut and Cupcake Trend (s)
F0000243
817631
401509
2023
8.09
F0000214
817090
401452
2023
4.678
F0000244
817634
401527
2023
3.71
F0000245
817613
401479
2023
3.089
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P.Geo & Rock
Lefrançois, BSc, P.Geo.
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.
Quality Assurance and Control
Sample results were analyzed at Filab Laboratories in Paramaribo, Suriname (an ISO/IEC 17025:2017
accredited facility). All sampling was undertaken by Company personnel, and a secure chain of custody
is maintained in transporting and storing all samples. Gold was assayed by fire assay and gravimetric
finish when required (+2 g/t Au). This news release's technical content was reviewed and approved by
Michael Dufresne, M.Sc., P.Geol., P.Geo., a qualified person defined under National Instrument 43-101.
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:
FORWARD LOOKING INFORMATION
This news release may contain certain "forward-looking statements." Forward-looking statements
involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the
Company's actual results, performance, or achievements to be materially different from any future results,
performance, or achievements expressed or implied by the forward-looking statements. Any forward-
looking information speaks only as of the date of this news release. Except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether because of new information or future events, or results or otherwise.
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