Founders Metals Inc V.FDR

Alternate Symbol(s): FDMIF

Metals & Mining Gold

Founders Metals Inc. is a Canada-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares (ha) with historical production of over half a million ounces of gold. The Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The Project covers a significant area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).

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Founders Metals Inc > Why did Orea let this land package go?

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Post by Goldfinger88on Sep 02, 2023 10:09pm

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Post# 35617801

Why did Orea let this land package go?

Anyone have any idea why Orea decided to give up 75% of Antino to Founders? Was it a cash problem so they simply had to choose between ValD'or (5 million ozs) over Antino (Colin Paget seems to think it may have 5-10 million ozs). Just a really bad oversight of Antino potential or something else? OREA stock is at 0.03 cents tells me they should have gone the other way.

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