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Founders Metals Makes First High-Grade Gold Discovery of 2025; 17.8 m of 5.68 g/t Au at Surface in New Zone
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Founders Metals Inc. (TSXV: ...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Makes First High-Grade Gold Discovery of 2025; 17.8 m of 5.68 g/t Au at Surface in New ZoneVancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces a new high-grade gold discovery 1.8 kilometres (km) west of the Lawa Prospect, at the Antino Gold Project (\"Antino\" or \"Project\") in southeastern Suriname (Figure 1). The Company highlights grab sample results with assays ranging from 1.5 to 66.8 grams per tonne (g/t) gold (Au), and 17.8 metres (m) of 5.68 g/t Au in the first channel sample over the newly identified high-grade structure. The discovery highlights an emerging, multi-kilometre parallel gold trend east of the main >15 km Antino structure (Figure 1, dashed line). The Company recently began drilling the new zone as the first of more than ten new high-priority drill targets planned for 2025.HighlightsGold mineralization confirmed in a broad, high-grade shear zone with 17.8 m of 5.68 g/t Au in first channel Four additional grab samples were taken from Van Gogh with grades of 66.8 g/t Au, 11.0 g/t Au, 7.8 g/t Au and 1.5 g/t AuCurrent mapping indicates the structure extends >300 m along strike, with an average estimated true width of ~20 m for the main shearSampling, LiDAR analysis, and mapping indicate more than one mineralized structureFirst of over ten 2025 exploration targets tested with similar overlapping geological characteristics as at Upper Antino Fully funded 60,000 m 2025 drill plan focuses on new discoveries and further extending known gold mineralizationColin Padget, President and CEO, commented \"With all four drills back turning following a three-week break over the holidays, we're starting out strong in 2025. Our focus this year is on making new discoveries and continuing to grow what we know at Antino. Our technical team has identified 10-12 new areas with geological characteristics like those leading to December's Da Vinci Zone discovery and today's 17.8 m channel of 5.68 g/t Au is our first example of this approach in action. Our fully funded 60,000 m drill program is now underway with assay results beginning to roll in from the lab. With ongoing expansion drilling in several areas and our plan to rapidly test new targets, we will continue our track record of regularly r...