Founders Metals, Inc. · TSXV:FDR

Founders Metals — Technical Presentation (December 2024)

68 slides from Founders Metals's technical presentation, December 2024

  1. Slide 1: Antino Gold Project Structural Settings & Gold Mineralization

    Antino Gold Project Structural Settings & Gold Mineralization Vincent Combes, Chief Geologist, PhD, & the Founders Metals Exploration Team TSX–V FDR FDRMETALS.COM TSX-V FDR 1

  2. Slide 2: The Antino Gold Project Within The Guiana Shield

    The Antino Gold Project Within The Guiana Shield • NE part of Guiana Shield • 3 active mines TSX-V FDR 2

  3. Slide 3: The Antino Gold Project Within The Guiana Shield

    The Antino Gold Project Within The Guiana Shield TSX-V FDR 3

  4. Slide 4: Gold district

    Gold district • Prolific gold district • Yaou-Benzdorp-Antino • Large fold traces in volcano- sedimentary sequence • First, second/third order structures • Multiple gold trends (sz and intrusion hosted) • CGSZ strike slip dextral, steeply dipping to NW, horizontal TSX-V FDR 4

  5. Slide 5: Gold district

    Gold district • At least 9 identified areas with tonalitic intrusion-hosted orogenic gold mineralization in the district + Lawa trends TSX-V FDR 5

  6. Slide 6: Antino Gold Camp

    Antino Gold Camp Lower Antino Upper Antino • Concession • Multiple Au- bearing shear Lawa structure • ENE main fabric Buese • Spatial association with fold structures • Both shear zone and intrusion- hosted orogenic gold system TSX-V FDR 6

  7. Slide 7: Upper Antino Exploration Target

    Upper Antino Exploration Target TSX-V FDR 7

  8. Slide 8: Upper Antino

    Upper Antino • Fold closure of NW plunging fold structure • Based on mapping, Lidar and IP TSX-V FDR 8

  9. Slide 9: Upper Antino

    Upper Antino • Fold closure of NW plunging fold structure • Froyo East dipping, Cupcake and Donut West dipping • Based on mapping, Lidar and IP TSX-V FDR 9

  10. Slide 10: Upper Antino

    Upper Antino • Fold closure of NW plunging fold structure • Based on mapping, Lidar and IP TSX-V FDR 10

  11. Slide 11: Upper Antino

    Upper Antino • Fold closure of NW plunging fold structure • Based on mapping, Lidar and IP TSX-V FDR 11

  12. Slide 12: Upper Antino

    Upper Antino • Main lithologies Amphibolite? TSX-V FDR 12

  13. Slide 13: Upper Antino 2023-2024 Drill Target

    Upper Antino 2023- 2024 Drill Target 1mm TSX-V FDR 13

  14. Slide 14: Froyo-Ginger Drill Target

    Froyo-Ginger Drill Target • > 200m wide ore zone • Strain accumulation at litho contacts • Shear zones reusing pre- existing fabric • Porphyritic andesite targeted as preferential host for shear development (widest sz when contact porphyritic andesite with other litho) TSX-V FDR 14

  15. Slide 15: Froyo-Ginger Drill Target

    Froyo-Ginger Drill Target • > 200m wide ore zone • Strain accumulation at litho contacts • Shear zones reusing pre- existing fabric • Porphyritic andesite targeted as preferential host for shear development (widest sz when contact porphyritic andesite with other litho) TSX-V FDR 15

  16. Slide 16: • 1 main shear with massive metric ffv • And multiple

    • 1 main shear with massive metric ffv • And multiple subparallel shears to the east • Fold structure with NE axial traces TSX-V FDR 16

  17. Slide 17: • Interesting width: 38m, 45m or 26m long intervals • > 200m wide ore

    • Interesting width: 38m, 45m or 26m long intervals • > 200m wide ore zone TSX-V FDR 17

  18. Slide 18: Froyo-Ginger Drill Target

    Froyo-Ginger Drill Target • Interesting width: 38m, 45m or 26m long intervals • > 200m wide ore zone • Multiple ore zones: example hole FRDD45 • Best Intervals Include: Hole ID Intervals Drillhole 24GG013 44.0 m @ 2.05 g/t Au Drillhole 24FR74 46 m @ 5,31 g/t Drillhole 24GG04 38 m @ 10.90 g/t Au Dril

  19. Slide 19: Froyo-Ginger Drill Target

    Froyo-Ginger Drill Target • Very High grade intervals • Highest grade in the NW extension : 1.0 m @ 434.98 g/t Au TSX-V FDR 19

  20. Slide 20: Example Relog

    Example Relog • Complex controls on gold content: • Importance of pre- existing features • Importance of folding • Importance of brittle over-printing TSX-V FDR 20

  21. Slide 21: Main Facies

    Main Facies • Deformation stages and vein system TSX-V FDR 21

  22. Slide 22: Main Facies

    Main Facies • Deformation stages and vein system Froyo Pit (Reunion Gold 2007) TSX-V FDR 22

  23. Slide 23: Main Facies

    Main Facies • Deformation stages and vein system TSX-V FDR 23

  24. Slide 24: Main Facies

    Main Facies • Deformation stages and vein system TSX-V FDR 24

  25. Slide 25: Main Facies

    Main Facies • Deformation stages and vein system • During subsequent deformation the vein will fold/boudinage creating low stress sites that will focus the deposition of subsequent hydrothermal fluids TSX-V FDR 25

  26. Slide 26: Main Facies

    Main Facies • Deformation stages and vein system TSX-V FDR 26

  27. Slide 27: Main Facies

    Main Facies • Deformation stages and vein system • Discontinuous and localized brittle def TSX-V FDR 27

  28. Slide 28: Ore-related phases

    • Ore-related phases TSX-V FDR 28

  29. Slide 29: Main Facies

    Main Facies • Ore-related phases • µxrf drillcore scans TSX-V FDR 29

  30. Slide 30: Main Facies

    Main Facies • Ore-related phases • µxrf drillcore scans TSX-V FDR 30

  31. Slide 31: Main Facies

    Main Facies • Ore-related phases • µxrf drillcore scans TSX-V FDR 31

  32. Slide 32: Au Controls at the core-scale

    Au Controls at the core-scale • Gold occurs mainly as: 1. free gold in quartz carbonate veins 2. free gold within sericite-(ankerite)-rich mylonite, and as both 3. micro-inclusions 4. gold infill in microfractures/cracks/grain joints within sheared pyrite grains related to the local D2b deformation

  33. Slide 33: TSX-V FDR

    Protracted progressive ductile deformation Brite deformation Localized Continuous deformation en Deformation stage ve-tecton (Antino gold camp) | Pe (re-teetonie) Pus Ps Pu Ds Tithotogy Metabasalt (Chl, Ep) [Amphibolite (Amp, Fap, Ich Ep) Metavoleanic unt|Porphyrite andesite phenocrysts Fsp, Q2, lro

  34. Slide 34: TSX-V FDR

    xa v Founders Protracted progressive ductile deformation Brittle deformation Continuous deformation eles Deformation stage (Antino gold camp) (pre-teetonie) D Day Dy dD, Greenschist facies (Chl, > [Metamorphism Ep) to locally amphibolite Anmphibolite’ Wein system Ealy wa Qe-Ab wea Late-shearing va |

  35. Slide 35: Froyo-Ginger Target Summary

    Froyo-Ginger Target Summary • Oriented Core • Overview TSX-V FDR 35

  36. Slide 36: Example Hole

    • Example • Hole 80 36 TSX-V FDR 36

  37. Slide 37: Example Hole

    • Example • Hole 82 37 TSX-V FDR 37

  38. Slide 38: Froyo-Ginger Target Summary

    Froyo-Ginger Target Summary • Oriented Core TSX-V FDR 38

  39. Slide 39: Froyo-Ginger Drill Target

    Ore shoot are subhorizontal and repeated at depth. The drilling should target same depth of identified ore shoot, along strike Froyo-Ginger Drill Target • Subvertical slip direction identified at Froyo-Ginger • Long axis of the ore shoot is perpendicular to the slip direction observed in the shear p

  40. Slide 40: Froyo-Ginger Target Summary

    Froyo-Ginger Target Summary • Model for the Froyo-Ginger target • Importance of folding TSX-V FDR 40

  41. Slide 41: Donut Drill Target

    Donut Drill Target • Intrusion hosted, Au associated with internal shearing and brittle veining • 19 m @ 14.23 g/t (24DO07) and 45 m @ 2.16 g/t (24DO06) D3 deformation stage = NE trending TSX-V FDR 41

  42. Slide 42: Donut Drill Target

    Donut Drill Target • Main Observations TSX-V FDR 42

  43. Slide 43: Donut Drill Target

    Donut Drill Target • µ xrf scan TSX-V FDR 43

  44. Slide 44: Buese Exploration Target

    Buese Exploration Target Tirzah Bergi TSX-V FDR 44

  45. Slide 45: Buese Target

    Buese Target Para East Tirzah Para Filuca Bergi North TSX-V FDR 45

  46. Slide 46: Buese Target Overview

    Buese Target Overview • Folded structure similar to Upper Antino • Mainly intrusion-hosted TSX-V FDR 46

  47. Slide 47: Tirzah Bergi Drilling

    Tirzah Bergi Drilling Froyo Tirzah Bergi TSX-V FDR 47

  48. Slide 48: Buese Target Overview

    Buese Target Overview • Spatial distribution of intrusive bodies (based on mapping, historical drilling and IP survey) • High resistivity domain= tonalitic bodies TSX-V FDR 48

  49. Slide 49: Tirzah Bergi Pit Mapping

    Tirzah Bergi Pit Mapping • Large tonalitic body • 4 sets of Qz vein are identified • Multiple zones with a strong pyritization TSX-V FDR 49

  50. Slide 50: Channel Sampling Tirzah Bergi

    Channel Sampling Tirzah Bergi • The main shear zone located at the East of the pit was sampled • 1m intervals • 26m wide shear zone • Although Buese is mainly intrusion-hosted, the shear zone-hosted mineralization itself seems volumetrically more important than at Upper Antino TSX-V FDR 50

  51. Slide 51: Tirzah Bergi Pit Mapping

    Tirzah Bergi Pit Mapping • Large tonalitic body • 4 sets of Qz vein are identified • Multiple zones with a strong pyritization TSX-V FDR 51

  52. Slide 52: Tirzah Bergi Drilling

    Tirzah Bergi Drilling Internal metric Ser- rich high strain zone TSX-V FDR 52

  53. Slide 53: Tirzah Bergi Drilling

    Tirzah Bergi Drilling TSX-V FDR 53

  54. Slide 54: Para North Target

    Para North Target 2024 drilling: 78 m @ 2,35 g/t Au -Shape intrusion -D3 overprinting TSX-V FDR 54

  55. Slide 55: Para East Drilling

    Para East • The intrusions are observed as small dykes and lenses • High strain zone dipping to East Drilling • Gold bearing vein striking N130/50, N200-220 and N-S TSX-V FDR 55

  56. Slide 56: Summary UA & Buese

    Summary UA & Buese TSX-V FDR 56

  57. Slide 57: Structural controls, camp scale

    Structural controls, camp scale TSX-V FDR 57

  58. Slide 58: Structural controls, camp scale

    Structural controls, camp scale • Similarities with Merian • NW axial planes • NE to ENE late faults • Late Po= higher Au content TSX-V FDR 58

  59. Slide 59: Structural controls, deposit scale

    Structural controls, deposit scale TSX-V FDR 59

  60. Slide 60: Structural controls, macro/microscopic scale

    Structural controls, macro/microscopic scale TSX-V FDR 60

  61. Slide 61: Lower Antino

    Lower Antino Mauricio pit TSX-V FDR 61

  62. Slide 62: Lower Antino

    Lower Antino Benzdorp pit (N60 shear zone with tonalite hosted tva) Lower Antino Mauricio TSX-V FDR 62

  63. Slide 63: Lower Antino

    Lower Antino LA-003 91 m Disseminated Py And late fc with Py infill Tonalite TSX-V FDR 63

  64. Slide 64: Lawa Targets (Eastern part of the Antino Concession)

    Lawa Targets (Eastern part of the Antino Concession) N150 striking subvertical tension vein in tonalitic saprolite TSX-V FDR 64

  65. Slide 65: Lawa Target

    • Mapping and sampling at Lawa allowed to identify a 2.7 km long trend with Qz vein subcrops preferentially hosted by a tonalite Lawa • Two main pits referred as Lawa North and Lawa South are mapped Target Current mapping of Rayiez and Brandon TSX-V FDR 65

  66. Slide 66: Lawa Target: Lawa North Pit

    Lawa Target: Lawa North Pit • Located at contact between a tonalite and a mafic volcanic hostrock • Main shear with ffv at contact • N150/85 shear • Locally strong pyritization View to the SE TSX-V FDR 66

  67. Slide 67: Analogies with the Yaou deposit

    • 1.5 M ounces average grade 2.1 g/t Analogies with •• Shared settings with Buese and Donut pit: mostly intrusion-hosted mineralization, strong rheological control, tension the Yaou deposit veins in intrusive bodies, mainly subhorizontal, Py-rich and Mag-depleted with proximal Ab-Ank alteration halo

  68. Slide 68: Head Office

    CLICK TO EDIT MASTER TITLE STYLE HEAD OFFICE #780-1111 West Hastings Street Vancouver, BC, Canada V6E 2J3 info@fdrmetals.com Click to edit Master subtitle style TSX–V FDR FDRMETALS.COM TSX-V FDR 68

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