Business
Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Founders Metals Inc. (TSXV:...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh DiscoveryVancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces the first assay results of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at its Antino Gold Project (\"Antino\" or \"Project\") in southeastern Suriname (Figure 1). The Company reports 28.5 metres (m) of 7.12 grams per tonne (g/t) gold (Au) from 18.6 m in the first drill hole at Van Gogh, 3.8 km east of the Da Vinci prospect. The drilling follows up on high-grade channel sampling results reported on January 21st (news release).HighlightsDrilling confirms Van Gogh discovery with 28.5 m of 7.12 g/t Au from 18.6 m in first drill hole3.8 km step-out from nearest drill hole on propertyEarly drilling suggests potential for multiple parallel zones Pending drillholes with similar quartz-sulphide mineralization suggest continuity of mineralized body over >150 mNew discoveries at Van Gogh and Da Vinci further support Founders' exploration strategyStrong discovery potential for the additional 9 high-priority targets at Antino\"The discovery of high-grade gold at Van Gogh is a major milestone for Founders Metals and further validates our approach to exploration at Antino,\" stated President and CEO, Colin Padget. \"28.5 m of 7.12 g/t Au in our first drill hole at Van Gogh is an incredible start. These assay results, along with our recent Da Vinci discovery, underscore the potential for additional high-grade gold discoveries across the property. 2025 is off to a great start and we're excited to continue unlocking the full potential of Antino.\"Geology DiscussionVan Gogh is 2.0 km from Lawa and 3.8 km from Da Vinci, and forms part of an emerging multi-kilometre northwest oriented gold trend that extends to the Maria Geralda target. This trend aligns parallel to the Main Antino Shear Zone, which spans 15+ km from Upper Antino to Da Vinci (Figure 1).Gold mineralization at Van Gogh occurs within a ~30 m wide mylonite zone with up to 5 m intervals of strongly silicified country rock and quartz. The gold-rich intervals locally contain up to 15% sulphide (pyrite) and the highest-grade intervals are often associated with brecciation. Moderate to strong sericite-c...