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Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Founders Metals Inc. (TSXV: FDR...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t GoldVancouver, British Columbia--(Newsfile Corp. - June 27, 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 in southeastern Suriname. This release reports ten drill holes from the Froyo Zone (\"Froyo\"). Drill hole assays and collar locations are available below as well as on the Company's website.New Drilling Highlights at FroyoVertical Extension of Mineralization by 85 metres (m) at Froyo 24.0 m of 5.06 grams per tonne (g/t) gold (Au) from 280.0 m (24FR067)11.7 m of 2.37 g/t Au from 252.3 m (24FR067)10.0 m of 1.06 g/t Au from 247.0 m (24FR066)2.0 m of 5.47g/t Au from 311.0 m (24FR066)2.0 m of 5.96 g/t Au from 336.0 m (24FR066)2.0 m of 7.78 g/t Au from 259.00 m (24FR068)Additional sub-parallel Mineralized Shears Identified in the Hanging Wall of Main Froyo Shear5.0 m of 3.84 g/t Au from 153.0 m (24FR067)2.0 m of 5.47 g/t Au from 311.0 m (24FR066)This new mineralization demonstrates excellent continuity to depth from the previously identified shear-hosted mineralization at Froyo. Drill holes 24FR066 and 24FR067 extend the Froyo Zone by 85 m with intercepts in 24FR067 of 24.0 m of 5.06 g/t Au and 11.7 m of 2.37 g/t Au, highlighting two substantial shears. The intercepts in both drill holes are potentially a deep representation of the Main Froyo Shear but the shallower interval may also correspond to the near-surface gold in the Main Froyo Shear's hanging wall. Drilling is ongoing to further test and model the continuity of gold mineralization at Froyo. The mineralization at Froyo remains open in all directions. \"We are excited to see Froyo continue growing, with broad intercepts at depth and early indications of a potential new gold-bearing shear further east,\" commented Colin Padget, President & CEO of Founders. \"The geology suggests that the Froyo Zone comprises multiple NW-striking shears with meaningful gold grades and intercepts. The abundance of gold-bearing structures indicates a robust regional gold system, and we see major potential for further discoveries. Despite rainy-season conditions, our drill team continues to report excellent drilling production, and we are all looking forward to the arriv...