Business
Founders Metals Expands Antino Gold Project with Addition of 36,000 Hectares
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Founders Metals Inc. (TSXV: ...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Expands Antino Gold Project with Addition of 36,000 HectaresVancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") is pleased to announce the signing of a binding Letter of Intent (the \"LOI\") to acquire 100% interest in a 36,000 hectare (ha) exploration concession immediately adjacent to the Company's Antino Gold Project (\"Antino\") in southeastern Suriname (Figure 1). The acquisition nearly triples Founders' land position to approximately 56,000 ha (560 km2) of highly prospective ground within the Guiana Shield greenstone belt (Figure 2).Highlights of AcquisitionStrategic Expansion: The 36,000-hectare acquisition expands the Company's total land package to 56,000 ha (approximately 10x the size of Manhattan)Potential Upper Antino Extension: High-grade gold mineralization along a 1,000-metre strike extension supported by historical auger dataMultiple High-Grade Shear Zones Identified: Recent grab sample1 results from separate shear zones (Figure 3) along a 3+ km trend include, 26.01 grams/tonne (g/t) gold (Au), 36.84 g/t Au, 11.44 g/t Au, and 70.93 g/t AuSubstantial Historical Exploration Database Including:Airborne geophysics1,860 line-km of aeromagnetic and radiometric survey data (150 m line spacing)1,877 historical auger samplesHigh-grade anomaly extending immediately northwest of Upper AntinoRobust 5 km x 2.5 km historical gold anomaly to the north that was never drill testedOver 10 years of active exploration work including detailed bedrock mapping, trenching, channel sampling, metallurgical testing, etc. Colin Padget, President & CEO, commented \"Acquiring this ground is transformational for Founders. We've nearly tripled our land position to 56,000 hectares and gained control of a district-scale opportunity in one of the world's most underexplored gold belts. What excites me most is the quality of targets we've just added. We have immediate opportunities to extend Upper Antino's high-grade gold mineralization along a 1,000-metre strike extension supported by historical auger data. In the northern part of the new area, there's a multi-kilometre network of high-grade shears plus a separate auger anomaly-larger than Upper Antino-that has never seen a drill hole. This acquisition gives us both near-...