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Founders Metals Provides Buese Area Intro with Channel Samples of up to 113 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Founders Metals Inc. (TSXV:...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Provides Buese Area Intro with Channel Samples of up to 113 g/t GoldVancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") provides an overview of the Buese area on the Antino Gold Project that includes new channel sample results with a 12.0-metre (m) interval returning 1.0 metre of 113.0 g/t gold and 11.0 metres of 2.4 g/t gold. The 12.0 metres sampled are within a 26.0 m shear zone not completely sampled due to collapse, but follow-up trenching will test the entire zone. The Company also describes potential bulk tonnage exploration targets exposed in the area. The Buese area hosts gold mineralization over two kilometres at the southeastern extent of the 8+ km Antino Gold Trend. In addition, the Founders drill program at Upper Antino continues, and the results are being released as they become available. HighlightsChannel sampling grading 113.0 g/t Au over 1.0 m within a broader 11.0 m of 2.4 g/t Au (11 m interval does not include 113.0 g/t Au sample; Figure 1,2)Historical drill-defined, high-grade gold mineralization extending over two kilometres of strike (Figure 1)Historical diamond drill core assays of 12.0 m of 7.80 g/t Au and 22.5 m of 2.95 g/t Au within a broader NW-trending shear zone (Figure 2)Potential bulk-tonnage exploration target with high-density quartz veining in exposed intermediate intrusive rocks (Figure 3)Founders' CEO, Colin Padget, commented, \"We are thrilled to see similar grades of gold mineralization at the Buese zone as the Upper Antino zone. Although our current primary focus for the ongoing drill program and exploration work remains the Upper Antino area, these initial high-grade channel results underscore the substantial potential of the Buese zone. With gold mineralization defined over more than two kilometres through historical drilling and auger sampling, the Founders team is looking forward to drill-testing the high-grade shear zone and potential bulk-tonnage intrusive targets, which is planned for towards the end of the current 10,000 m program.\"Figure 1 - Buese area plan map showing the dominant high-grade gold trend in historical auger sampling and the location of Founders' recent channel sampling. Cross-section lines A-A' & B-B' correspond to those shown below.To view an enhanced version of ...