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Founders Metals Hits 23.0 metres of 5.00 g/t Gold at Froyo & Extends Zone by 180 metres
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Founders Metals Inc. (TSXV: ...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Hits 23.0 metres of 5.00 g/t Gold at Froyo & Extends Zone by 180 metresVancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces drill core assay results from the Antino Gold Project (\"Antino\" or \"Project\") in southeastern Suriname. The Company reports high-grade gold mineralization including 23.0 metres (m) of 5.00 grams per tonne (g/t) gold (Au) at the Froyo Gold Zone (\"Froyo\" or \"Zone\"). Additional drilling extends gold mineralization at Froyo by 180 m. The Company has completed more than 40,000 m this year and expects to meet its 45,000 m goal by the end of the year. Drilling HighlightsBroad, high-grade gold mineralization continues north in Froyo with 23.0 m of 5.00 g/t Au (24FR090) and 4.0 m of 15.34 g/t Au (24FR092)10.0 m of 4.23 g/t Au (24FR086)Froyo extended along strike by 180 m, intersecting 8.0 m of 2.08 g/t Au (24FR095) in previously untested area to the north of known gold mineralizationExcellent continuity of mineralized structures along strike into the main Upper Antino area fold closureCompelling evidence for repeating high-grade shoots with depthExploration HighlightsGold mineralized strike length at the Lawa North and Lawa South targets extended to 13 km based on recent mapping and surface sampling program (Figure 1)Anomalous gold (>0.1 g/t Au) in 33% of 124 Lawa area grab samples including 11 samples with gold concentrations from 1.00 g/t Au to 14.42 g/t Au New Da Vinci target situated 4 km southeast of Buese (Figure 1)Target identified through recognition of several overlapping geologic features similar to Upper Antino's Froyo Zone mineralization True discovery potential - no modern systematic exploration work or historical drillingDrilling underway with initial three-hole plan expanded to twelve holes Results from initial drilling expected before the end of this yearThe Da Vinci target extends Antino gold trend by more than 4 km southeast (Figure 1) Founders' President and CEO, Colin Padget commented, \"Drill hole 24FR090 represents the 22nd interval at Upper Antino exceeding 100 gram-metre per tonne**, reaffirming the deposit's exceptional grade profile. The continuous growth at Upper Antino over the last 12 months has been a key de-risking step for the project, and wh...