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Founders Metals Drills 7.00 Metres of 8.12 g/t Gold and Extends High-Grade Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Founders Metals Inc. (TSXV...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Drills 7.00 Metres of 8.12 g/t Gold and Extends High-Grade Gold ZoneVancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") announces drill core assay results from its 2023 drill program at the Antino Gold Project in southeastern Suriname. The Company continues to expand and extend high-grade gold mineralization below the saprolite/oxide boundary within the Froyo Gold Zone at Upper Antino. Founders is also continuing a comprehensive surface exploration program that focuses on developing additional high-priority targets for near-term drilling follow-up. HighlightsDrillhole 23FR018 intersects 7.00 metres (m) of 8.12 grams per tonne (g/t) gold (Au) (Table 1, Figure 1,2)Drillhole 23FR012 returned 4.64 m of 11.51 g/t Au (Table 1, Figure 1,2)Drillhole 23FR019 returned 5.00 m of 8.91 g/t Au (Table 1, Figure 1,2)New gold intercepts demonstrate Froyo Gold Zone continues to deeper levels than historical drilling and along over 200 m of strike (Figure 1,2)Assays pending for several drillholes with significant intervals of quartz/sulphide on step-out holes, potentially extending high-grade mineralized envelope within the Froyo Gold ZoneFounders' CEO, Colin Padget, commented, \"We are extremely pleased with the ongoing drilling success; our team has intersected gold mineralization in every hole we have results for to date. It is particularly encouraging to see gold grades like the 7.00 m of 8.12 g/t Au continuing along strike and to depth from the recently released 15.5 m of 30.72 g/t Au. Additionally, as we have so far prioritized samples below the saprolite, we will soon start receiving more results from the saprolite where in hole 23FR001 we intercepted 4.5 m of 9.92 g/t Au.\" Table 1: Drilling ResultsDrillholeFrom (m)To (m)Interval (m)*Au (ppm)23FR00664.0071.007.004.0923FR01257.3662.004.6411.5123FR01887.0094.007.008.1223FR01960.0065.005.008.91  *Intervals are core length.True widths are unknown at this early stage of explorationFounders Metals' 2023 drill campaign has completed over 3,800 m of drilling with significant gold mineralization observed in all drillholes to date. Assay results are still pending for the entirety of many drillholes, with several holes containing broad intervals of quartz/sulphide mineralization similar in charact...