Bullboard - Stock Discussion Forum 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... see more

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Founders Metals Inc > Founders Metals Acquires Third Drill

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Post by Betteryear2 on May 07, 2024 9:44am

Founders Metals Acquires Third Drill

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that it has acquired a third diamond drill rig to support its ongoing exploration campaign at the Antino Gold Project in southeastern Suriname. The Company plans to begin drilling the Buese target upon arrival of the drill in June. Additionally, Founders announces it has completed the US$6 million work commitment portion of the first stage of its Option Agreement to acquire up to 75% of the Antino Gold Project in southeastern Suriname. Completing stage one will entitle the Company to acquire 51% of the Antino concessions.

Founders Metals Acquires Third Drill and Completes Major Work Commitment Milestone (newsfilecorp.com)

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