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Founders Metals Extends Buese Gold Mineralization over 1,000 m & Intersects 21.6 m of 2.38 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Founders Metals Inc. (TSXV: FD...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Extends Buese Gold Mineralization over 1,000 m & Intersects 21.6 m of 2.38 g/t AuVancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces new assay results from the Buese Prospect (\"Buese\") at its Antino Gold Project (\"Antino\") in Suriname. Buese covers over 600 hectares (ha) and is ~6 kilometres (km) southeast of Upper Antino (Figure 1). The Company reports 6.0 metres (m) of 2.33 grams per tonne (g/t) gold (Au) (BU025) in northwest step-out drilling along strike of the main Antino Gold Trend. Combined with further broad intervals of intrusion-hosted gold mineralization including 21.6 m of 2.38 g/t Au (BU014) and 112.0 m of 0.55 g/t Au (BU019) in the central Buese area, the step-out drilling indicates significant potential for further growth. HighlightsStep-out drilling 1,000 m northwest from previously released results demonstrates significant expansion along strike of regional scale mineralizing structure (Figure 2)6.0 m of 2.33 g/t Au (BU025)Results continue to confirm bulk tonnage potential (Figure 2)21.6 m of 2.38 g/t Au from surface (BU014)112.0 m of 0.55 g/t Au, and 4.5 m of 4.51 g/t Au (BU019)New mineralized trend parallel to previously identified gold mineralization in furthest southwest drilling (Figure 2)6.0 m of 6.38 g/t Au (BU018) Positive initial results from in-progress Buese tailings auger drill program230 one-metre auger samples collected over 61 holes up to 10 m deep41 samples over 1.00 g/t AuGold ranges from 0.10 g/t Au - 3.39 g/t Au with an average grade of 0.64 g/t Au15.6 m of 0.45 g/t Au of tailings in diamond drill hole BU002 (previously released)Buese tailings processed from primary materials cover an area of ~1.3 km²Colin Padget, President & CEO, commented, \"These results demonstrate the scale and continuity of gold mineralization emerging at Buese. The broad, intrusion-hosted intervals, along with the discovery of a parallel zone, further reinforces our excitement about the opportunity Buese represents for Founders. Work is ongoing to further understand the potential economic opportunity that the Buese tailings may offer in future production scenarios, and we are encouraged by initial results. Though we have experienced some slowdown in assay turnaround time due t...