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Founders Metals Samples High-Grade Gold up to 54 g/t Au along 1.5 km of Strike at Upper Antino
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Founders Metals Inc. (TSXV: FDR)...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Samples High-Grade Gold up to 54 g/t Au along 1.5 km of Strike at Upper AntinoVancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Founders Metals Inc. (TSXV: FDR) (the \"Company\") is pleased to announce results from its preliminary ground exploration program at the Antino Gold Project (\"Antino\") in Suriname. The exploration program focused on mapping and sampling in pits and other areas exposed by recent historical mining. Gold mineralization grading up to 54 g/t Au is reported from rock grab and channel samples collected in shallow artisanal mining pits and trenches along more than 1.5 kilometers of strike length transecting the Antino Property's Upper Antino Area (Figure 1).Highlights include:45 rock grab and channel samples out of 411 samples taken grading above 1.00 g/t Au and up to 54.12 g/t Au Demonstrable continuity of high-grade gold confirmed over a strike length of more than 1.5 kmConfirmation of an extensive, mineralized shear zone with several subsidiary structuresHigh-grade gold mineralization is associated with quartz veining in a number of 5-25 m wide discreet shear structures within a broad shear zone Samples grading over 10 g/t Au collected from exposed pit walls at both the NW and SE end of the mineralized zonePotential for significant lower-grade gold mineralization associated with broad stockwork veining in intrusive rocks. Colin Padget, Founders' CEO, commented \"The promising results from this early surface exploration work demonstrate the continuity of high-grade mineralization along strike in the Upper Antino area and provides an early sense of the potential scale of gold mineralization here and elsewhere across the >200 km2 Antino Property. As we add this new information to the extensive historical exploration database, we are uncovering exciting new targets that will be tested in the upcoming 2023 drill program.\"Figure 1: Antino's Location in the Guiana Shield (A) and 2023 Surficial Program Target Areas (B)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7574/163789_foundersm.jpgThe results of this early exploration program provide crucial geochemical, alteration, and structural information for planning the upcoming summer 2023 drill program. Additionally, the Founders' technical team is evaluating multi-element geochemis...