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Founders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Founders Metals Inc. (TSXV: FDR...
About this update from Founders Metals, Inc.
[{"type":"text","content":"\nFounders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t AuVancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project (\"Antino\" or the \"Project\") in southeastern Suriname. Highlights within this release are from exploration at the Froyo Gold Zone.Drilling Highlights46.0 metres (m) of 5.31 grams per tonne (g/t) gold (Au) (24FR074)Including 10.0 m of 12.05 g/t Au and 4.0 m of 29.36 g/t Au28.0 m of 3.35 g/t Au (24FR075)7.0 m of 13.52 g/t Au (24FR075)6.0 m of 6.89 g/t Au (24FR075)\"We are very excited about the continued high-grade success at Froyo,\" commented President & CEO, Colin Padget. \"Drill holes 24FR074 and 24FR075 represent a 150-metre eastward expansion and confirms multiple, robust, gold bearing structures parallel to the main Froyo Shear. With four drill holes now confirming these parallel zones (24FR074, 24FR075, 24FR66 and 24FR67), they continue to demonstrate significant potential for growth and remain open at depth and along strike.\"Results from drill holes 24FR074 and 24FR075 expand previously identified gold mineralization 150-metres to the east of the main Froyo Shear. This area has been known for near-surface intervals of extensive, high-grade gold mineralization including historical grab samples of up to 28.5 g/t Au. Drill holes 24FR074 and 24DR075 are ~60 m apart laterally and contain three stacked gold-bearing structures that run parallel to the eastern side of the main Froyo Shear. Demonstrated by 46.0 m of 5.31 g/t Au (24FR074) and 28.0 m of 3.35 g/t Au (24FR075), the characteristics are very similar to the main high-grade Froyo Shear with decimetre to metre-wide quartz vein sets associated with sericite-tourmaline-ankerite alteration occurring within broad subvertical mylonite zones. The Company plans to continue exploration on these parallel zones over the coming weeks to further define the strike and depth extent.Figure 1: Froyo Zone Plan Map with Drillhole LocationsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/217270_b869c9cba4c0e877_001full.jpgFigure 2: Vertical Section of Froyo ZoneTo view an enhanced version of this graphic, pleas...