Business
Founders Metals Drills 14.03 g/t Gold over 13.0 metres and 12.34 g/t Gold over 8.0 Metres; Extends Froyo Gold Zone by 50 Metres
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Founders Metals Inc. (TSXV:...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Drills 14.03 g/t Gold over 13.0 metres and 12.34 g/t Gold over 8.0 Metres; Extends Froyo Gold Zone by 50 MetresVancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Founders Metals Inc. (TSXV: FDR) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces drill core assay results from the Antino Gold Project in southeastern Suriname. HighlightsGold mineralization extended over 50.0 m into Froyo-Ginger Connector ZoneDrillhole FR038 intersects three distinct gold zones (Table 1, Figures 1-2), including:7.6 metres (m)* of 4.50 grams per tonne (g/t) gold (Au) from surface 9.0 m* of 3.04 g/t Au from 63.0 to 72.0 m 13.0 m* of 14.03 g/t Au from 77.0 to 90.0 m (Figure 3)8.0 m of 12.34 g/t Au from 78.0 to 86.0 m in drill hole FR040All Connector Zone holes intersected significant intervals of quartz/sulphide and assays are pending Figure 1. Upper Antino area plan map. Long section line corresponds to Figure 2.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/189263_2cceb895644f4ad5_001full.jpgColin Padget, Founders' CEO and President, commented, \"This release includes the first results from the previously undrilled 150 metre gap connecting the Froyo and Ginger prospect areas. The excellent, high-grade gold intervals reported in this release show impressive continuity of gold mineralization along strike. We are also very excited about the addition of from surface gold in saprolite such as the 7.6 m of 4.5 g/t Au at the top of FR038, as it broadens the gold mineralized footprint further east.\"Figure 2. Updated Froyo-Ginger Long SectionTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/189263_2cceb895644f4ad5_002full.jpgDrillhole From (m)To (m)Interval (m)*Au (ppm)23FR0373.614.110.53.42and58.063.05.03.3123FR0384.011.67.64.5andand63.077.072.090.09.013.03.0414.0323FR0395.111.16.02.12and69.071.02.01.5123FR0404.010.06.01.16and78.086.08.012.34 *Intervals are core length and estimated to represent 85% or more of true width based on current drill dataTable 1. Drilling results highlightsFigure 3. Representative interval from drill hole FR038 showing highest-grade gold zone with excellent grade distribution over the interval.To view an enhanced version of this graphic, please visit:https://images.newsf...