- Founders Metals (TSXV:FDR), a top-performing gold stock, has yielded more high-grade assays from the maiden drill program at its Antino gold project in Suriname
- The standout result of 26 metres of 6.35 grams per tonne of gold increases the project’s prospects for resource definition
- Founders Metals is focused on acquiring and advancing gold projects in the South American Guiana Shield
- Founders Metals stock (TSXV:FDR) has added more than 200 per cent over the past year, trouncing the S&P/TSX Composite Index’s -2 per cent return over the period
Founders Metals (TSXV:FDR), a top-performing gold stock, has yielded more high-grade assays from the maiden drill program at its Antino gold project in Suriname.
The company encountered prospective gold mineralization at the Froyo Gold Zone, including 26 metres of 6.35 grams per tonne of gold (g/t Au) and 10.50 m of 8.91 g/t Au near surface.
A second company-owned rig is now drilling the Upper Antino exploration targets, increasing production to more than 4,500 m per month.
Founders’ flagship 20,000-ha Antino gold project resides in an area where historical surface and alluvial gold mining has produced more than 500,000 gold ounces to date. The project is the most advanced gold exploration project in Suriname, featuring 35,000 gold-in-soil auger samples and more than 30,000 m of historical drilling, as well as a property-wide aeromagnetic survey and a 2022 LiDAR survey.
“We are again pleased with the Upper Antino drilling results and the stepwise growth we continue to see at the Froyo Gold Zone,” Colin Padget, Founders Metals’ CEO, said in a statement. “Additionally, it is very exciting to have our second drill rig turning so we can start testing some of the area’s highest-priority exploration targets.”
The news follows the extension of high-grade gold on the property by more than 80 m.
Drilling highlights
Upper Antino area plan map
Updated Froyo Gold Zone long section
Founders Metals is a Canadian exploration company focused on acquiring and advancing gold projects in the South American Guiana Shield.
Founders Metals stock (TSXV:FDR) is up by 11.11 per cent, trading at C$1.10 per share as of 9:49 am ET. The stock has added more than 200 per cent over the past year, trouncing the S&P/TSX Composite Index’s -2 per cent return over the period.
Join the discussion: Find out what everybody’s saying about this top gold stock on the Founders Metals Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.