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Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2026) - Founders Metals Inc. (TSXV: FDR...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t AuVancouver, British Columbia--(Newsfile Corp. - April 2, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces a new high-grade gold discovery at its Antino Gold Project (\"Antino\" or \"Project\") in southeastern Suriname. The Company reports high-grade gold mineralization from surface, returning 17.22 grams per tonne (g/t) gold (Au) over 3.6 metres (m) within a broader 24.6 m interval grading 2.81 g/t Au, in the first-ever drillhole in the Antino North area (Figure 1).HighlightsFirst ever Antino North drilling delivers exceptional results from surface in the first drillhole (AN001)24.6 m of 2.81 g/t Au including 3.60 m of 17.22 g/t Au from 1.5 m down hole13.5 m of 0.44 g/t Au from 54.6 m First drillhole testing one of twelve gold-bearing structures identified to date at Antino NorthSurface work continues: Over 4,500 auger samples to date in 2026Total combined strike length of mapped shear zones on surface is 5.3 kmSecond Antino North drill now turning on previously undrilled kilometre-scale gold auger anomaly (Figure 2) Colin Padget, President & CEO, commented, \"The Antino North area covers nearly 10,000 hectares of highly prospective geology that has never seen a drillhole - so we are thrilled to see such high-grade results from our first diamond hole into the area. Our team on the ground has so far mapped twelve parallel shear zones across and along strike of the intercepted structure, and we plan to test many of them over the current ~3,500 metre phase-one drill program. This Antino North discovery reinforces our belief that the larger Antino Project is host to a major district-scale gold system, and there remains significant exploration upside and opportunity for further discoveries with this year's exploration program.\"Antino North DrillingThe new discovery is hosted within a series of approximately 5- to 25-metre-wide shear zones, with geological characteristics consistent with high-grade gold mineralization documented elsewhere on the Antino Gold Project, including at Upper Antino. The reported drillhole tested the first of twelve northwest-trending parallel shears recently mapped over multiple kilometres across the Antino North area, highlightin...