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Founders Metals Drills 15.5 Metres of 30.72 g/t Gold at Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Founders Metals Inc. (TSXV: F...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Drills 15.5 Metres of 30.72 g/t Gold at Antino Gold ProjectVancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") announces drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company continues to deliver high-grade gold intercepts as it broadens and extends gold mineralization in the Upper Antino area. Founders has now drilled ~3500 m of the planned 10,000 m drill program and the remaining metres focus on further infill and expansion work along the area's nearly two-kilometre-long portion of the larger 8+ kilometre Antino Gold Trend. HighlightsDrillhole 23FR014 intersects 15.50 metres (m) of 30.72 grams per tonne (g/t) gold (Au) including 5.80 m of 54.61 g/t Au (Table 1, Figure 2,3)Drillhole 23FR004 returned 7.00 m of 8.74 g/t Au, including 2.00 m of 22.81 g/t Au (Table 1, Figure 5)Drillhole 23FR015 returned 8.50 m of 6.17 g/t Au, including 5.00 m of 10.08 g/t Au (Table 1, Figure 4)Drillhole 23FR005 returned 13.60 m of 3.41 g/t Au including 7.00 m of 7.54 g/t Au (Table 1, Figure 5)New gold intercepts demonstrate continuity to depth and along strike of high-grade gold mineralizationVery high drill core recovery in mineralized zones beginning to demonstrate broader overall widths of high-grade gold than recognized by previous explorersFounders' CEO, Colin Padget, commented, \"The consistently strong assay results highlight the extent and continuity of mineable widths of high-grade gold on the property. We are especially pleased to see consistently broader gold-bearing intervals than many of those from historical drilling mostly due to higher core recovery in mineralized zones. On the ground, our exploration team is also now following up on recently announced targets from IP data with trenching, channel sampling, and targeted auger/soil sampling underway. We plan to release further details and preliminary results from this work soon along with the results of the now complete ground magnetics survey over upper Antino.\" Table 1: Drilling ResultsDrillholeFrom (m)To (m)Interval (m)*Au (ppm)23FR004incl 59.0059.0066.0061.007.002.008.7422.8123FR005andand84.40129.0138.098.00136.0144.713.607.006.703.417.540.4523FR014incl63.5070.2079.0076.0015.505.8030.7254.6123FR015**incl41.543.550.050.0...