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Founders Metals Commences 2024 Drilling Campaign: Drills 10.0 m of 24.61 g/t Au in the Froyo Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Founders Metals Inc. (TSXV: ...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Commences 2024 Drilling Campaign: Drills 10.0 m of 24.61 g/t Au in the Froyo Gold ZoneVancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces the start of its 2024 drilling campaign and provides drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports a high-grade gold interval* of 10.0 metres (m) of 24.61 grams per tonne (g/t) gold (Au) from resource infill/expansion-type drilling conducted in late 2023 within the Froyo Gold Zone. Founders is fully funded for an initial 2024 drill program of up to 30,000 m.Highlights:Drillhole 23FR036B* intercepts 10.0 m of 24.61 g/t Au from 182 m down hole Drillhole 23FR035 intercepts 15.0 m of 1.72 g/t Au from 164 m down hole Both Company-owned diamond drills are fully operational with planning underway for the addition of a third drillFigure 1: Froyo Gold Zone plan mapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/194051_2c3c06471472b95c_001full.jpgColin Padget, CEO and President of Founders Metals stated, \"We are pleased to announce that our two company-owned diamond drills are now fully operational for 2024, enhancing our drilling efficiency and capacity. With our exploration program accelerating, we're happy to maintain fast lab turnaround times and anticipate a steady news flow of drill results every two to three weeks. The pending results from hole 45 are particularly exciting as, from visual observation, we expect them to contribute substantially to the parallel gold zone within the Froyo Gold Zone, further underlining our project's potential.\"Figure 2. Map of the Antino Gold Project concession area showing gold concentrations from historical auger sampling. Most of the property remains unexplored.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/194051_2c3c06471472b95c_002full.jpgFounders' 2024 drilling program is underway, deploying its two diamond drills for an extensive 30,000-metre campaign at the Antino Gold Project. The program focuses on expansion and resource definition within the Froyo Gold Zone coupled with exploration across previously uncharted concessions areas. This strategy aims to fo...