Founders Metals Makes First High-Grade Gold Discovery of 2025; 17.8 m of 5.68 g/t Au at Surface in New Zone
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) (OTCQX: FDMIF) ha annunciato una significativa scoperta di oro ad alta legge presso il suo progetto Antino Gold in Suriname. La società ha riportato risultati impressionanti dalla nuova zona identificata 'Van Gogh', situata a 1,8 km a ovest del Lawa Prospect, tra cui campioni di canale di 17,8 metri a 5,68 g/t di oro e campioni di grab che variano da 1,5 a 66,8 g/t di oro.
La scoperta rivela una tendenza aurifera parallela di diversi chilometri a est della struttura principale di Antino. La zona Van Gogh presenta una zona di mylonite larga circa 20 metri con mineralizzazione aurifera che contiene dal 2 al 5% di pirite disseminata. L'azienda ha avviato il suo programa di perforazione totalmente finanziato di 60.000 metri per il 2025, concentrandosi su nuove scoperte e sull'estensione della mineralizzazione aurifera conosciuta attraverso più obiettivi, inclusi Upper Antino, Buese, Lower Antino e Da Vinci.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) ha anunciado un importante nuevo descubrimiento de oro de alta ley en su proyecto Antino Gold en Surinam. La compañía reportó resultados impresionantes de la nueva zona identificada 'Van Gogh', ubicada a 1.8 km al oeste del Lawa Prospect, incluyendo muestras de canal de 17.8 metros a 5.68 g/t de oro y muestras al azar que varían de 1.5 a 66.8 g/t de oro.
El descubrimiento revela una tendencia de oro paralela de varios kilómetros al este de la estructura principal de Antino. La zona Van Gogh presenta una zona de milonita de aproximadamente 20 metros de ancho con mineralización de oro que contiene entre el 2 y el 5% de pirita diseminada. La empresa ha comenzado su programa de perforación totalmente financiado de 60,000 metros para 2025, centrado en nuevos descubrimientos y en ampliar la mineralización de oro conocida en múltiples objetivos, incluidos Upper Antino, Buese, Lower Antino y Da Vinci.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF)는 수리남의 안티노 금 프로젝트에서 고품질 금 발견을 발표했습니다. 회사는 '반 고흐' 지역에서 새로 확인된 결과를 보고했으며, 이 지역은 라와 전망(Lawa Prospect)에서 서쪽으로 1.8킬로미터 떨어진 곳에 위치하고 있습니다. 5.68 g/t의 금을 포함한 17.8미터 채널 샘플과 1.5 g/t에서 66.8 g/t의 금을 포함한 잡 샘플이 포함되어 있습니다.
이번 발견은 안티노 주요 구조의 동쪽에 있는 여러 킬로미터의 평행 금 트렌드를 보여줍니다. 반 고흐 지역은 20미터 폭의 마일로나이트 지대가 있는 금 광물화 구역으로, 2-5%의 분산된 황철광이 포함되어 있습니다. 회사는 2025년을 위한 60,000미터의 완전 자금 지원 드릴 프로그램을 시작했으며, 새로운 발견과 함께 Upper Antino, Buese, Lower Antino, Da Vinci를 포함한 여러 목표에서 알려진 금 광물화를 확장하는 데 중점을 두고 있습니다.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) a annoncé une nouvelle découverte significative d'or de haute teneur dans son projet Antino Gold au Suriname. La société a rapporté des résultats impressionnants de la nouvelle zone identifiée 'Van Gogh', située à 1,8 km à l'ouest du prospect de Lawa, y compris des échantillons de canal de 17,8 mètres à 5,68 g/t d'or et des échantillons aléatoires variant de 1,5 à 66,8 g/t d'or.
La découverte révèle une tendance aurifère parallèle de plusieurs kilomètres à l'est de la structure principale d'Antino. La zone Van Gogh présente une zone de mylonite d'environ 20 m de large avec une minéralisation aurifère contenant 2 à 5 % de pyrite disséminée. La société a lancé son programme de forage entièrement financé de 60 000 mètres pour 2025, axé sur de nouvelles découvertes et l'extension de la minéralisation aurifère connue à travers plusieurs cibles, y compris Upper Antino, Buese, Lower Antino et Da Vinci.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) hat eine bedeutende neue hochgradige Goldentdeckung in seinem Antino Gold Projekt in Suriname angekündigt. Das Unternehmen berichtete von beeindruckenden Ergebnissen aus der neu identifizierten 'Van Gogh'-Zone, die 1,8 km westlich des Lawa Prospekts liegt, einschließlich Kanalproben von 17,8 Metern mit 5,68 g/t Gold und Greifproben, die zwischen 1,5 und 66,8 g/t Gold variieren.
Die Entdeckung zeigt einen parallel verlaufenden Goldtrend über mehrere Kilometer östlich der Hauptstruktur von Antino. Die Van Gogh-Zone weist eine etwa 20 Meter breite Mylonit-Zone auf, die Goldmineralisierung mit 2-5% disseminiertem Pyrit enthält. Das Unternehmen hat sein vollständig finanziertes Bohrprogramm über 60.000 Meter für 2025 gestartet, das sich auf neue Entdeckungen und die Erweiterung der bekannten Goldmineralisierung über mehrere Ziele, einschließlich Upper Antino, Buese, Lower Antino und Da Vinci, konzentriert.
- New high-grade gold discovery with 17.8m of 5.68 g/t Au in channel samples
- Grab samples up to 66.8 g/t Au in the new Van Gogh zone
- Structure extends >300m along strike with ~20m estimated true width
- Fully funded 60,000m drill program for 2025
- Multiple high-priority targets identified for exploration
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces a new high-grade gold discovery 1.8 kilometres (km) west of the Lawa Prospect, at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company highlights grab sample results with assays ranging from 1.5 to 66.8 grams per tonne (g/t) gold (Au), and 17.8 metres (m) of 5.68 g/t Au in the first channel sample over the newly identified high-grade structure. The discovery highlights an emerging, multi-kilometre parallel gold trend east of the main >15 km Antino structure (Figure 1, dashed line). The Company recently began drilling the new zone as the first of more than ten new high-priority drill targets planned for 2025.
Highlights
- Gold mineralization confirmed in a broad, high-grade shear zone with 17.8 m of 5.68 g/t Au in first channel
- Four additional grab samples were taken from Van Gogh with grades of 66.8 g/t Au, 11.0 g/t Au, 7.8 g/t Au and 1.5 g/t Au
- Current mapping indicates the structure extends >300 m along strike, with an average estimated true width of ~20 m for the main shear
- Sampling, LiDAR analysis, and mapping indicate more than one mineralized structure
- First of over ten 2025 exploration targets tested with similar overlapping geological characteristics as at Upper Antino
- Fully funded 60,000 m 2025 drill plan focuses on new discoveries and further extending known gold mineralization
Colin Padget, President and CEO, commented "With all four drills back turning following a three-week break over the holidays, we're starting out strong in 2025. Our focus this year is on making new discoveries and continuing to grow what we know at Antino. Our technical team has identified 10-12 new areas with geological characteristics like those leading to December's Da Vinci Zone discovery and today's 17.8 m channel of 5.68 g/t Au is our first example of this approach in action. Our fully funded 60,000 m drill program is now underway with assay results beginning to roll in from the lab. With ongoing expansion drilling in several areas and our plan to rapidly test new targets, we will continue our track record of regularly releasing news throughout 2025. We look forward to a busy and exciting 2025."
New 'Van Gogh' Zone Geology
The Van Gogh prospect is situated 1.8 km from Lawa and 3.8 km from Da Vinci, and forms part of an emerging multi-kilometre northwest oriented gold trend that includes Lower Antino and Maria Geralda targets and is actively being developed by surficial teams (Figure 1). The first diamond drill hole of a planned 1,500 m phase 1 drill program is underway to test gold mineralization at depth and along strike.
Gold mineralization at Van Gogh occurs within an ~20 m wide mylonite zone comprising heavily sheared, decimetre-scale quartz and quartz breccia zones throughout the interval. Gold bearing intervals contain 2
2025 Exploration Strategy
Upper Antino
The focus at Upper Antino is continuing extending gold mineralization to the north and south and to test adjacent targets with similar characteristics. Gold mineralization at Upper Antino currently has a drill defined strike length of 1.6 km, depth of 280 m, and remains open in all directions. The Company plans to complete up to 20,000 m of drilling at Upper Antino in 2025.
Buese and Lower Antino
A second drill will split its time between Buese and Lower Antino, continuing to expand known mineralization with broad steps along strike. This program will be designed to determine the extent of the Buese and Lower Antino areas' mineralized footprint. There is currently ~8,000 m of planned drilling between these two more advanced targets.
Da Vinci, Lawa, and other advanced targets
Initial 2025 plans at Da Vinci include a 3,000 m program to follow up on initial results from December last year. Da Vinci is a high-priority early exploration target for 2025. A maiden drill program at Lawa is planned to begin in H1 2025. Other advanced targets for 2025 drilling including, Maria Geralda and Parbo (Figure 1).
Van Gogh and new targets
A 1,500 m program at Van Gogh is underway (Figure 3) and once complete the drill will continue to the next high-priority target in the area with the goal of drill testing 1-2 new drill targets per month.
Combined, up to 25,000 m of drilling is planned for new target areas at Antino. Approximately
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025.
1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
Figure 1: Property Scale Map with Auger Samples
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Figure 2: Plan Map of Van Gogh Target
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Figure 3: Photo of Drill Core from VG001 Drill Hole (currently drilling)
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Table 1: Assay Results from Channel
| Sample Number | From (m) | To (m) | Sample Width | Au (g/t) |
| G545009 | 0.0 | 1.0 | 1 | 12.35 |
| G545010 | 1.0 | 2.0 | 1 | 6.12 |
| G545011 | 2.0 | 3.0 | 1 | 1.94 |
| G545012 | 3.0 | 4.0 | 1 | 0.23 |
| G545013 | 4.0 | 5.4 | 1.4 | 0.54 |
| G545004 | 5.4 | 6.4 | 1 | 1.35 |
| G545005 | 6.4 | 7.4 | 1 | 11.02 |
| G545006 | 7.4 | 8.4 | 1 | 4.72 |
| G545007 | 8.4 | 9.4 | 1 | 1.77 |
| G545008 | 9.4 | 10.0 | 0.6 | 0.35 |
| NO SAMPLE | 10.0 | 11.2 | ||
| G547046 | 11.2 | 12.2 | 1 | 6.36 |
| G547047 | 12.2 | 13.2 | 1 | 4.35 |
| G547048 | 13.2 | 14.2 | 1 | 25.21 |
| G547049 | 14.2 | 15.2 | 1 | 2.69 |
| G547050 | 15.2 | 16.2 | 1 | 2.56 |
| G545001 | 16.2 | 17.2 | 1 | 16.72 |
| G545002 | 17.2 | 18.2 | 1 | 0.61 |
| G545003 | 18.2 | 19.0 | 0.8 | 2.70 |
Table 2: Location of Channel Sample
| Channel ID | Easting* (m) | Northing* (m) |
| DV001 | 828067.5 | 395915.9 |
Quality Assurance and Control
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
Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 | katiem@fdrmetals.com
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
All material information on Founders Metals can be found at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237828
FAQ
What are the latest gold discovery results at Founders Metals (FDMIF) Van Gogh zone?
How large is Founders Metals' (FDMIF) 2025 drill program at Antino?
What is the size of the new Van Gogh structure discovered by FDMIF?
How many new exploration targets has FDMIF identified for 2025?
Where is the Van Gogh zone located relative to other FDMIF prospects?
