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About Founders Metals Inc.
Founders Metals Inc. (OTCQX: FDMIF) is a Canadian-based mineral exploration company dedicated to advancing gold exploration projects in the Guiana Shield region of Suriname, South America. The company's flagship Antino Gold Project spans an expansive 20,000 hectares in southeastern Suriname, a region renowned for its rich geological history and significant untapped mineral potential. The Antino Project has produced over 500,000 ounces of gold through surface and alluvial mining, underscoring its historical importance and future promise.
Core Business and Operations
Founders Metals focuses on the discovery, delineation, and development of high-grade gold deposits. The company employs a systematic exploration approach, integrating advanced geological mapping, geophysical surveys, and extensive drilling programs. Its business model centers on de-risking projects through resource expansion and metallurgical studies, thereby creating value for stakeholders and positioning the company for potential partnerships or acquisitions.
The Antino Gold Project
The Antino Gold Project is situated in the heart of the Guiana Shield, a geologically significant region known for hosting world-class gold deposits. The project encompasses multiple gold zones, including the Froyo, Lower Antino, Buese, and newly discovered areas such as Da Vinci and Van Gogh. These zones exhibit diverse mineralization styles, including high-grade shear-hosted gold and bulk-tonnage intrusion-hosted mineralization. Recent drilling campaigns have revealed significant gold intercepts, highlighting the project's potential to host a Tier 1 gold deposit.
Exploration Achievements
- Completion of over 45,000 meters of drilling in 2024, with plans for an additional 60,000 meters in 2025.
- Discovery of high-grade zones such as Froyo, which has a drill-defined strike length of 1.6 kilometers and remains open at depth and along strike.
- Successful metallurgical testing demonstrating gold recoveries exceeding 95%, supporting the project's economic viability.
- Strategic partnerships, including a significant investment from B2Gold Corp., validating the project's potential and providing financial support for exploration efforts.
Industry Position and Competitive Edge
Founders Metals operates in the junior mining and exploration sector, a high-risk, high-reward industry. The company differentiates itself through its focus on the underexplored Guiana Shield, a region with proven geological potential but limited modern exploration. Founders' technical expertise, as demonstrated by its adherence to NI 43-101 standards and rigorous quality assurance protocols, further strengthens its competitive position. The company's transparent communication of exploration results and strategic financial partnerships enhance its credibility and appeal to investors.
Technical Expertise and E-E-A-T
Founders Metals demonstrates a high level of expertise and authoritativeness through its detailed technical reporting, adherence to international standards, and robust exploration methodologies. The company's team includes experienced geologists and mining professionals who bring decades of industry experience. By maintaining a secure chain of custody for samples, employing certified laboratories, and integrating advanced exploration techniques, Founders ensures the reliability and accuracy of its findings.
Conclusion
Founders Metals Inc. is a dynamic exploration company with a strong focus on unlocking the potential of the Antino Gold Project. Through its commitment to systematic exploration, technical excellence, and strategic partnerships, the company is well-positioned to capitalize on the Guiana Shield's untapped mineral wealth. Founders Metals represents a compelling opportunity within the gold exploration sector, driven by its focus on high-grade discoveries and resource expansion.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced significant results from its 2025 drilling campaign at the Antino Gold Project in Suriname. The company reported 28.5 metres of 7.12 g/t gold from 18.6m depth in the first drill hole at the new Van Gogh discovery, located 3.8 km east of the Da Vinci prospect.
The Van Gogh site is situated 2.0 km from Lawa and forms part of a northwest-oriented gold trend extending to the Maria Geralda target. The gold mineralization occurs within a ~30m wide mylonite zone, featuring strongly silicified country rock and quartz intervals up to 5m. The highest-grade intervals contain up to 15% sulphide and show significant brecciation.
The company reports pending drill holes with similar quartz-sulphide mineralization, suggesting mineralized body continuity over >150m. This discovery, along with Da Vinci, supports Founders' exploration strategy, with nine additional high-priority targets identified at Antino.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced a significant new high-grade gold discovery at its Antino Gold Project in Suriname. The company reported impressive results from the newly identified 'Van Gogh' zone, located 1.8 km west of the Lawa Prospect, including channel samples of 17.8 metres at 5.68 g/t gold and grab samples ranging from 1.5 to 66.8 g/t gold.
The discovery reveals a multi-kilometre parallel gold trend east of the main Antino structure. The Van Gogh zone features a ~20m wide mylonite zone with gold mineralization containing 2-5% disseminated pyrite. The company has commenced its fully funded 60,000-metre drill program for 2025, focusing on new discoveries and extending known gold mineralization across multiple targets including Upper Antino, Buese, Lower Antino, and Da Vinci.
Founders Metals Inc. (TSXV: FDR) announces significant drill results from its new Da Vinci prospect at the Antino Gold Project in Suriname. The first five drill holes revealed substantial gold mineralization from surface, including notable intersections of 36.0 metres of 2.21 g/t gold and 67.0 metres of 1.26 g/t gold. The discovery shows two northwest-striking, sub-parallel shears with characteristics similar to the Upper Antino Froyo Zone.
The drilling program, initially planned for three holes, has been expanded to twelve holes, with additional results expected in early Q1 2025. The company has confirmed mineralization over 100m of strike and 180m vertical depth, with visual confirmation suggesting extension to over 250m strike and ~200m vertical depth. Founders Metals has secured funding for 60,000 metres of drilling in 2025.
Founders Metals Inc. (TSXV: FDR) reports significant drill results from its Antino Gold Project in Suriname, highlighting 23.0 metres of 5.00 g/t gold at the Froyo Gold Zone. The company has extended gold mineralization by 180 meters and completed over 40,000 meters of drilling this year.
Key drilling highlights include broad, high-grade gold mineralization continuing north in Froyo with 4.0m of 15.34 g/t Au and 10.0m of 4.23 g/t Au. The Froyo zone now has a drill-defined strike length of ~1.6 km and a ~300m wide mineralized footprint, with gold mineralization extending to 275m depth and remaining open in all directions.
The company also announced new exploration targets at Lawa North and South, extending 13 km, and the Da Vinci target situated 4 km southeast of Buese, with initial drilling results expected by year-end.
Founders Metals (TSXV: FDR, OTCQX: FDMIF) has announced positive metallurgical test results for its Antino Gold Project in Suriname. The testing revealed excellent gold extraction rates averaging 94.9% for fresh rock and 95.3% for saprolite. The optimal primary grind size of P80 at 50 μm achieved 95.0% gold recovery. Comminution tests showed medium hardness levels consistent with other Guiana Shield gold deposits, with Bond Ball Mill Work Index averaging 13.2 kWh/t. The study also demonstrated negligible concentrations of deleterious elements and low acid consumption. Testing of historical tailings samples showed an average gold recovery of 96.8%.
Founders Metals (TSXV: FDR) (OTCQX: FDMIF) announces significant drill results from its Lower Antino maiden drill program in Suriname. The company reports 81.9 metres of 1.01 g/t gold, including 26.0 metres of 2.36 g/t gold within a broader >200m wide zone of anomalous gold. The discovery was made in unweathered rock approximately 100m down-dip of a historical auger gold anomaly.
Based on these preliminary results, Founders has expanded its Phase 1 Lower Antino drill program from 1,500m to 4,500m. The mineralization occurs within a sheared tonalitic intrusive containing up to 15% disseminated pyrite. Recent channel sampling revealed grades up to 21 g/t Au, with historical grab samples reported up to 340 g/t Au.
Founders Metals has successfully closed a strategic investment from B2Gold Corp., raising C$12.1 million through the issuance of 4,400,000 common shares at C$2.75 per share. This represents 5.0% of Founders' outstanding shares. An investor rights agreement grants B2Gold the right to maintain its pro rata interest up to 9.9% through future financings. B2Gold has committed to acquire an additional 1,170,000 shares over 12 months. The proceeds will fund exploration and development at the Antino Gold Project in Suriname in 2025. Agentis Capital received a 4% commission as finders for the offering.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced a C$12.1 million investment from B2Gold Corp. at C$2.75 per share. This Strategic Investment, combined with a previously announced C$20 million bought deal private placement, will raise a total of C$32.1 million, fully funding Founders' planned 2025 budget. Upon completion, B2Gold will own 5.0% of Founders' issued and outstanding common shares on a non-diluted basis.
The investment validates Founders' Antino Gold Project and provides access to B2Gold's expertise in exploring and developing world-class mining assets. The deal includes an investor rights agreement, allowing B2Gold to increase ownership up to 9.9% and collaborate on technical aspects and new prospects in the Guiana Shield. The Strategic Investment is expected to close in Q4 2024, subject to customary conditions and regulatory approvals.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced two significant developments:
1. Chris Taylor has joined as a new Independent Director. Taylor, a structural and economic geologist with over 20 years of experience, is known for his role in Great Bear Resources' major gold discovery and its subsequent C$1.8 billion acquisition by Kinross Gold. He has been granted 300,000 stock options at an exercise price of C$2.55 per common share.
2. The company has fulfilled the share issuance requirements to exercise the first stage of its Antino Option, acquiring a 51% interest in the Antino Gold Project. This was achieved by issuing 1,140,000 common shares to Nana Resources N.V. at a deemed price of C$2.69 per share, following a previous issuance of 475,000 shares in March 2023.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced drill core assay results from its 2024 drill program at the Antino Gold Project in Suriname. The Phase 1 Buese drill program, covering 3,500 meters, revealed significant gold mineralization:
- High-grade, shear-hosted gold: 78.0 m of 2.35 g/t Au, including 20.0 m of 7.65 g/t Au
- Broad, intrusion-hosted gold: 16.5 m of 1.64 g/t Au, and 110.0 m of 0.34 g/t Au
- Tailings from historical mining: 15.6 m of 0.45 g/t Au from surface
The results confirm both high-grade and bulk-tonnage mineralization styles at Buese. A 7,500 m Phase 2 drill program is now underway to determine the strike extent of gold mineralization within the 4 km² surface anomaly. The company also noted potential in the tailings from over 100 years of artisanal mining, with plans for further exploration and metallurgical work.
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