- Founders Metals, a relatively unknown microcap gold stock, is sharing assay results from 2024 drilling at its flagship Antino gold project in Suriname
- Highlight intercepts include 15 metres of 8.18 g/t gold and 26 m of 5.52 g/t gold
- Founders Metals is a Canadian exploration company with properties in North and South America
- Founders Metals stock has added more than 280 per cent year-over-year and 178 per cent since inception in March 2021
Founders Metals (TSXV:FDR), a relatively unknown microcap gold stock, is sharing assay results from 2024 drilling at its flagship Antino gold project in Suriname.
Two drill holes from the Froyo gold zone, 23FR048 and 23FR049, intercepted gold mineralization starting from surface from five zones and four zones, respectively.
Highlight intervals
Source: Founders Metals.
“We continue to define and expand the impressive gold mineralization at Froyo, and these two holes are further evidence of a much broader gold system than previously recognized by earlier explorers on the property,” Colin Padget, Founders Metals’ chief executive officer, said in a statement. “We are adding ounces with every drill hole and as we continue drilling at Froyo, our focus is expansion and efficient resource definition work. We are also set to begin drill testing some new Upper Antino targets as part of our larger 2024 exploration plans.”
Founders’ flagship 20,000-ha Antino project has produced more than 500,000 gold ounces to date from artisanal surface and alluvial mining. The company drilled more than 10,000 m in 2023, highlighted by consistent and extensive high-grade intercepts, including:
The company’s 2024 drilling program is fully financed and will include up to 30,000 m.
Founders Metals is a Canadian exploration company with properties in North and South America.
Founders Metals stock (TSXV:FDR) is down by 4.17 per cent, trading at C$1.38 per share as of 10:05 am ET. The stock has added more than 280 per cent year-over-year and 178 per cent since inception in March 2021.
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