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Founders Metals Provides Details on Upcoming 2023 Drill Program
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Founders Metals Inc. (TSXV: FDR)...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Provides Details on Upcoming 2023 Drill ProgramVancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") announces its 2023 plan for up to 10,000 m of diamond drilling at the Antino Gold Project in southeastern Suriname. The program will focus on expanding the known gold mineralization at the Froyo Zone in the Upper Antino Area, in addition to testing a range of new, highly prospective targets marking a significant step towards unlocking the project's vast mineral potential (Figure 1).The Company's newly acquired diamond drill rigs (see press release May 11, 2023) have now arrived in Suriname and crews are transporting them to Antino for setup and to begin this year's drilling campaign. The 2023 program is separated into two phases, with phase one drilling expected to commence by late June. Founders is also completing minor camp upgrades to streamline logging and core processing.Founders Metals' CEO & Director, Colin Padget, stated, \"Our strategy involves deploying one drill that will operate continuously to delineate and enhance the existing gold mineralization at Antino, while the second rig will concentrate on testing very compelling exploration targets. By adopting this approach, we can simultaneously advance the development of substantial gold resources in the established zones, while also exploring numerous promising new targets, with excellent discovery potential, within our extensive and largely unexplored land area. Also, with assay turnaround times of under two weeks, we'll be able to keep people up to date on progress and results.\"Phase One HighlightsResource expansion in the well-established high-grade Froyo Zone (Figures 2 and 3)Up to 7,000 metres (m) targeting infill, down-dip, and along-strike expansionEnhance understanding of the deposit's geology and mineralization patterns to delineate additional gold mineralization in that areaExpand high-grade gold mineralization to the northwest and southeast using updated structural interpretation and modest step-outs from historical holes including, ADH-071 that intersected 12 m of 4.98 grams per tonne (g/t) gold (Au)Complete a high-resolution ground geophysical survey (Magnetics & IP) over Upper AntinoComprehensive relog of historical drill core Phase Two HighlightsUp to 3,00...