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Froyo Continues to Grow; Founders Metals Hits 44.0 m of 2.05 g/t Au in 65 m Step-Out
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Founders Metals Inc. (TSXV: FD...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Froyo Continues to Grow; Founders Metals Hits 44.0 m of 2.05 g/t Au in 65 m Step-OutVancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project (\"Antino\" or the \"Project\") in southeastern Suriname. Highlights within this release demonstrate successful step-out exploration drilling from the July 22, 2024 news release focused on the Froyo Gold Zone.Drilling Highlights44.0 metres (m) of 2.05 grams per tonne (g/t) gold (Au) (24GG013)Including 11.0 m of 5.73 g/t Au35.0 m of 2.37 g/t Au (24FR073)30.0 m of 2.77 g/t Au (24GG006)3.0 m of 10.20 g/t Au (24FR076)9.3 m of 3.39 g/t Au (23GG002)\"These results represent another significant extension of mineralization at Froyo,\" commented President & CEO, Colin Padget. \"Drill hole 24GG013 is a 65 m step-out north along strike of the previously released drillhole 24FR074, which intersected 46.0 m of 5.31 g/t Au. This new mineralization provides additional confidence in the continuity of the parallel zones at Froyo, which remain open along strike and at depth.\"Results from 24GG013 (44.0 m of 2.05 g/t Au) represent a sizable step-out in the emerging gold trend that occurs within a broader series of parallel shear zones east of the main Froyo Gold Zone. In addition to the northern step-out, this drilling also highlights mineralization at depth. Drill hole 24FR076 (3.0 m of 10.20 g/t Au) is a 60 metre down-dip extension from previously released 24FR075 (refer to Figure 2 below). These parallel shears have consistent mineralogical characteristics of the main Froyo shear and likely exhibit deep rooted structures with strong growth potential. About Founders Metals Inc.Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company drilled 10,000 metres in 2023 and is fully financed for drilling in 2024. 12022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.Quality Assurance and ControlResult...