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Founders Metals Drills 9.00 m of 11.10 g/t Gold and 12.20 m of 8.75 g/t Gold at Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2023) - Founders Metals Inc. (TSXV: F...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Drills 9.00 m of 11.10 g/t Gold and 12.20 m of 8.75 g/t Gold at Antino Gold ProjectVancouver, British Columbia--(Newsfile Corp. - August 10, 2023) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") announces additional drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company reports further high-grade gold intercepts as it continues to step-out from and expand gold mineralization in the Froyo Gold Zone. Rapid assay turnaround times allow Founders to continuously share results and demonstrate the incremental growth of this high-grade gold zone to depth and along strike. HighlightsDrillhole 23FR009 intersects 9.00 metres (m) core length of 11.10 grams per tonne (g/t) gold (Au) including 6 m of 15.92 g/t Au and 4.25 m of 19.29 g/t Au (Table 1, Figures 1&2)Drillhole 23FR010 returns 12.20 m core length of 8.75 g/t Au (Table 1, Figures 1&2)Highest grade assay to date from Drillhole 23FR007 at 0.95 m of 115 g/t AuThe new gold intercepts demonstrate continuity of high-grade gold to depth and along strike (Figure 2)Over 3200 m of drilling to date with now consistent drill core recovery in saprolite zones above 90% Table 1: Drilling Results DrillholeFrom (m)To (m)Interval (m)*Au (ppm)23FR001 and43.0051.5046.0052.503.001.001.322.0123FR00323.0029.006.001.7823FR007 Incl Incl47.5048.0054.0054.9553.0054.957.455.000.9515.22No Recovery**115.0023FR009 incl83.0087.0092.0091.259.004.2511.1019.2923FR010 incl95.0097.0098.0098.003.001.007.1219.1023FR011 incl76.0080.0089.0085.0012.205.008.7517.59*Intervals are core length. At this early stage of exploration true widths are unknown.**No recovery over interval; core length consistent with along strike historical interval of 11.3 m of 2.12 g/t Au; treated as zero in interval calculation.Colin Padget, Founders' President and CEO, commented, \"These latest results are excellent and demonstrate continuity of the high-grade gold mineralization at Antino. We are continuing to build on these results in the near-term but with our recent IP survey in hand and ground magnetics underway we are excited to soon start testing the high-priority drill targets coming out of the new data. We will be releasing details of this upcoming work soon.\" Figure 1: Froyo Main area long sectionTo view an enhanced version of this...