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Founders Metals Hits 15.0 metres of 8.18 g/t Gold & 26.0 metres of 5.52 g/t Gold in Latest Antino Drilling
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2024) - Founders Metals Inc. (TSXV: ...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Hits 15.0 metres of 8.18 g/t Gold & 26.0 metres of 5.52 g/t Gold in Latest Antino DrillingVancouver, British Columbia--(Newsfile Corp. - February 5, 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. The Company reports results for a further two holes from the Froyo Gold Zone with highlight down hole intervals of 15.0 metres (m) of 8.18 grams per tonne (g/t) gold (Au) and 26.0 m of 5.52 g/t Au. Drill holes 048 and 049 intercept gold mineralization over multiple zones starting from surface with 297.2 and 190.2 total gram-metres per tonne (gm/t), respectively.HighlightsDrill hole 23FR048 intercepts gold over five zones starting from surface (Fig 1; Table 1):6.6 m of 2.07 g/t Au from 0.0 m down hole12.0 m of 3.92 g/t Au from 12.6 m 18.0 m of 2.68 g/t Au from 33.0 m15.0 m of 8.18 g/t Au from 63.0 m6.0 m of 10.94 g/t Au from 145.0 mDrill hole 23FR049 intercepts gold over four zones starting from surface including 26.0 m of 5.52 g/t Au from 44 m down hole (Fig 1; Table 1)Table 1 - Highlight diamond drill intervals*. Hole IDFrom (m)To (m)Core length (m)Au (g/t)24FR0480.06.66.62.0712.624.612.03.92Hole 48 - Total gram*metre per tonne  33.051.018.02.6863.078.015.08.18297.2145.0151.06.010.94  24FR0490.68.68.02.4944.070.026.05.52Hole 49 - Total gram*metre per tonne88.091.03.07.02140.0143.03.01.87190.2         *Intervals are core length and estimated to represent 85% or more of true width based on current drill dataFigure 1. Upper Antino area plan map. Interval highlights from this release are labelled and upcoming/pending drill holes are marked in bold. Shaded box around A-A' line shows drilling extent included in Figure 2 cross section (+/- 25 m).To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/196833_9ef80c7ad4c44bc1_002full.jpgColin Padget, Founders' CEO, commented, \"We continue to define and expand the impressive gold mineralization at Froyo, and these two holes are further evidence of a much broader gold system than previously recognized by earlier explorers on the property. We are adding ounces with every drill hole and a...