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Bullboard - Stock Discussion Forum Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company operating in North and South America. The Company is focused on acquiring and advancing gold projects in the South American Guiana Shield. Its flagship project is the Antino Gold Project, which covers 20,000 hectares (ha) in Suriname. Antino Gold Project is a resource definition stage gold exploration project located in southeastern... see more

TSXV:FDR - Post Discussion

Founders Metals Inc > How close is this hole to previously drilled ones?
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Post by zzstocks70 on Aug 28, 2023 3:47pm

How close is this hole to previously drilled ones?

I see lots of previous work on this project...so  wondering why previous owners abandoned the project... thanks in advance.  Glta
Comment by arctan on Aug 29, 2023 5:49pm
In the junior mining exploration sector, it's true that "new discoveries" attract a lot more speculative attention and excitement than "new drilling on old projects and deposits". However, there are at least two simple factors that justify the latter approach: (1) Although the rocks themselves have not changed since a few decades ago, other circumstances have. Above all ...more  
Comment by arctan on Aug 29, 2023 6:14pm
I should clarify that "completely economic" was an exaggeration on my part. But the point is that there is vastly greater potential for an economic deposit than there was based on the previous work at the prior time.
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