Founders Metals Intersects 38.0 Metres of 10.90 g/t Gold at Froyo
- Written by: Media Outreach
Vancouver, British Columbia - Newsfile Corp. - March 22, 2024 - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports 38.0 metres of 10.90 grams per tonne (g/t) gold (Au) from its furthest northwest Froyo drillhole to date, 24GG04. The interval contains the previously released gold vein photos (March 4th release; Figure 2 below) and is one of Antino's best gold intercepts at over 410 gram-metres per tonne (gm/t). Due to the abundance of coarse gold, samples have been resubmitted for metallic screening. Highlights 
Figure 1: Upper Antino plan map centred on the Froyo Gold Zone. Cross-section line A-A' corresponds to Figure 2. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_001full.jpg Colin Padget, Founders CEO commented, "Today's results are some of the best we've seen at Antino, and are yet another example of the exceedingly high-grade, near surface gold mineralization at Froyo. Additionally, we have submitted samples for metallic screening to determine gold concentrations using a much larger sample volume. This method can capture coarser gold than fire assay. We expect the result soon. We are also pleased to report that our primary assay lab in Paramaribo has renewed its commitment of two-to-three-week turnaround times on assays. Though assays have often come back much faster, we recognize that with additional drilling, more surface sampling, targeted multi-element geochemistry, and metallic screening of select drill core, we can more reasonably expect two-to-three-week timelines." 
Figure 2: A-A' Cross-section through latest Froyo Gold Zone drill results. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_002full.jpgTable 1: Drilling Results and Highlights. Results shown for ADH071 are historical.
*Intervals are core length and estimated to represent 85% or more of true width based on current drill data 
Figure 3: (left) gold vein in drill core from hole 24GG04. (right) Drill core from hole 24GG04 showing typical textures within mineralized zones at Froyo. Core locally contains up to 35% pyrrhotite and pyrite within a zone of high-intesity shearing. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_founders_figure3.png
Figure 4: Antino Gold Project property map. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_005full.jpgAbout Founders Metals Inc. Founders Metals is a Canadian exploration company with properties in North and South America. The Company focuses on acquiring and advancing gold projects in the Guiana Shield. Its flagship asset is the 20,000 ha Antino Gold Project in Suriname, where artisanal surface/alluvial mining has produced over 500,000 gold ounces to date1. Using its diamond drilling equipment, the Company drilled over 10,000 m in 2023 and is fully financed for up to 30,000 m in 2024. 1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo. Quality Assurance and Control Results from samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 10.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at...
- Hole 24GG04 intercepts 38.0 m of 10.90 g/t Au from 149.0 m down hole, with metallic screening results pending (Table 1, Figures 1&2)
- Results are from Founders' furthest northwest drilling at the Froyo Gold Zone
- Gold mineralization remains open toward high-grade historical auger sampling results (Figure 1)
Figure 1: Upper Antino plan map centred on the Froyo Gold Zone. Cross-section line A-A' corresponds to Figure 2. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_001full.jpg Colin Padget, Founders CEO commented, "Today's results are some of the best we've seen at Antino, and are yet another example of the exceedingly high-grade, near surface gold mineralization at Froyo. Additionally, we have submitted samples for metallic screening to determine gold concentrations using a much larger sample volume. This method can capture coarser gold than fire assay. We expect the result soon. We are also pleased to report that our primary assay lab in Paramaribo has renewed its commitment of two-to-three-week turnaround times on assays. Though assays have often come back much faster, we recognize that with additional drilling, more surface sampling, targeted multi-element geochemistry, and metallic screening of select drill core, we can more reasonably expect two-to-three-week timelines." 
Figure 2: A-A' Cross-section through latest Froyo Gold Zone drill results. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_002full.jpgTable 1: Drilling Results and Highlights. Results shown for ADH071 are historical. | Hole ID | From (m) | To(m) | Core Length* (m) | Au (g/t) |
| 24GG03 | 128.00 | 137.00 | 9.00 | 1.58 |
| 24GG04 | 134.00 | 139.00 | 5.00 | 1.8 |
| and | 149.00 | 187.00 | 38.00 | 10.9 |
| ADH071 | 53.50 | 55.00 | 1.50 | 25.01 |
| and | 63.50 | 75.50 | 12.00 | 4.99 |
Figure 3: (left) gold vein in drill core from hole 24GG04. (right) Drill core from hole 24GG04 showing typical textures within mineralized zones at Froyo. Core locally contains up to 35% pyrrhotite and pyrite within a zone of high-intesity shearing. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_founders_figure3.png
Figure 4: Antino Gold Project property map. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_005full.jpgAbout Founders Metals Inc. Founders Metals is a Canadian exploration company with properties in North and South America. The Company focuses on acquiring and advancing gold projects in the Guiana Shield. Its flagship asset is the 20,000 ha Antino Gold Project in Suriname, where artisanal surface/alluvial mining has produced over 500,000 gold ounces to date1. Using its diamond drilling equipment, the Company drilled over 10,000 m in 2023 and is fully financed for up to 30,000 m in 2024. 1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo. Quality Assurance and Control Results from samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 10.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at...Read more: Founders Metals Intersects 38.0 Metres of 10.90 g/t Gold at Froyo