Founders Metals Exercises Right to Acquire 51% of the Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the exercise of its right to acquire 51% of the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. In addition, the Company has amended and restated the option agreement (the "Amended and Restated Option") with Nana Resources N.V. ("Nana") on the Project. "Exercising our right to acquire 51% of...
2024-09-06 7:30 AM EDT
Founders Metals Increases Confidence in Regional Exploration Targets at Antino
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") provides a corporate update and outlines regional exploration targets at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company's surficial team is successfully developing key targets for future surface exploration and drilling, including Lower Antino, Lawa, and the Southern Froyo Extension. Founders intends...
2024-08-26 7:30 AM EDT
Froyo Continues to Grow; Founders Metals Hits 44.0 m of 2.05 g/t Au in 65 m Step-Out
Vancouver, British Columbia--(Newsfile Corp. - August 8, 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 ("Antino" or the "Project") in southeastern Suriname. Highlights within this release demonstrate successful step-out exploration drilling from the July 22, 2024 news release focused on the Froyo Gold Zone. Drilling Highlights 44.0 metres...
2024-08-08 7:30 AM EDT
Founders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - July 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 ("Antino" or the "Project") in southeastern Suriname. Highlights within this release are from exploration at the Froyo Gold Zone. Drilling Highlights 46.0 metres (m) of 5.31 grams per tonne (g/t) gold (Au) (24FR074)Including 10.0 m of 12.05...
2024-07-22 7:30 AM EDT
Founders Metals Third Drill Arrives; Begins Drilling at Buese
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the start of its 2024 Buese area drill program at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company plans to drill up to 7,000 metres (m) at Buese in 2024 beginning with an initial 3,000 m phase 1 program. The drilling uses Founders' own recently acquired third diamond drill. The Company is...
2024-07-10 7:30 AM EDT
Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - June 27, 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. This release reports ten drill holes from the Froyo Zone ("Froyo"). Drill hole assays and collar locations are available below as well as on the Company's website. New Drilling Highlights at Froyo Vertical...
2024-06-27 7:30 AM EDT
Founders Metals Announces Positive Metallurgical Results from Antino with up to 96% Gold Recovery
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce preliminary metallurgical testing results from the Froyo Zone at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Four fresh rock samples and one saprolite sample totalling over 400 kilograms with head grades ranging from 1.55 grams per tonne ("g/t") gold ("Au") up to 20.22 g/t Au were...
2024-06-17 7:30 AM EDT
Founders Metals Intersects 8.0 Metres of 6.64 g/t Gold and Discovers New Shear Zone at Donut
Vancouver, British Columbia--(Newsfile Corp. - May 30, 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. This release reports the remaining eight drill holes from phase one of drilling at the Donut Zone ("Donut"). West Donut Shear Discovery New shear zone intercepted in four holes over >150 metres ("m") of strike...
2024-05-30 7:45 AM EDT
Founders Metals Closes $10 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that the Company has closed its fully-subscribed non-brokered private placement financing (the "Offering") pursuant to the Listed Issuer Financing Exemption (the "LIFE") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") raising gross proceeds of C$10,000,000 from the sale of up to 6,250,000 common shares of the Company (the...
2024-05-24 3:09 PM EDT
Founders Metals Announces $10 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2024) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that the Company intends to undertake a non-brokered private placement financing (the "Offering") pursuant to the Listed Issuer Financing Exemption (the "LIFE") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") to raise gross proceeds of up to $10,000,000 from the sale of up to 6,250,000 common shares of the Company (the...
2024-05-17 2:40 PM EDT
Founders Metals Acquires Third Drill and Completes Major Work Commitment Milestone
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that it has acquired a third diamond drill rig to support its ongoing exploration campaign at the Antino Gold Project in southeastern Suriname. The Company plans to begin drilling the Buese target upon arrival of the drill in June. Additionally, Founders announces it has completed the US$6 million work commitment portion...
2024-05-07 9:34 AM EDT
Founders Metals Welcomes Katie MacKenzie as Vice President of Corporate Development
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to welcome Katie MacKenzie as the Company's Vice President of Corporate Development. Ms. MacKenzie will report directly to Founders' CEO, Colin Padget, and will be responsible for the Company's investor relations and corporate development activities. President and CEO, Colin Padget, commented "We are excited to welcome Katie to the...
2024-05-06 7:30 AM EDT
Founders Metals Engages Blue Coast Research for Preliminary Metallurgical Test Work
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce its engagement with Blue Coast Research ("Blue Coast"), a leader in metallurgical research and development, to complete initial metallurgical test work on samples from the Froyo Gold Zone. Additionally, the Company reports related preliminary findings from a metallogenic study on Froyo gold mineralization conducted by...
2024-04-25 7:30 AM EDT
Founders Metals Intersects 13.0 Metres of 11.02 g/t Gold at Froyo
Vancouver, British Columbia--(Newsfile Corp. - April 15, 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 the results of four infill holes from the Froyo Gold Zone closing a substantial gap in drilling. All four holes intercepted the main Froyo shear where expected, further demonstrating the robust...
2024-04-15 6:38 AM EDT
Founders Metals Appoints Carlos Bertoni as Technical Advisor
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the appointment of Carlos Bertoni to the position of Senior Technical Advisor. Carlos H. Bertoni graduated as a geologist in Brazil and obtained his M.Sc. degree in mineral exploration at Queen's University in Canada. His professional experience spans over 40 years, and he has explored and developed mineral projects in...
2024-04-02 7:30 AM EDT
Founders Metals Intersects 38.0 Metres of 10.90 g/t Gold at Froyo
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...
2024-03-22 8:07 AM EDT
Founders Metals Announces Appointment of Vice President of Resource Development
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the appointment of Natalie Senger to the position of Vice President of Resource Development. Mrs. Senger is a Professional Geoscientist with over 15 years of exploration industry experience, most recently serving as Vice President of Resource Development for Tudor Gold Corp. Her experience has been heavily focussed on...
2024-03-13 7:56 AM EDT
Founders Metals Attends PDAC Core Shack and Intercepts Gold Vein at Froyo
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that select intervals of Froyo Gold Zone drill core from its 2023 drilling program will be on display at this year's PDAC Core Shack on Tuesday, March 5, and Wednesday, March 6, at booth number 3108B. Additionally, Founders announces intercepting a vein of gold in its most recent drilling stepping northwest along the Froyo Gold Zone.
2024-03-04 8:07 AM EST
Donut Discovery Grows; Founders Metals Hits 19.0 Metres of 14.23 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - February 29, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces high-grade drill core assay results from the Donut target at the Antino Gold Project in Suriname including 19.0 metres of 14.23 grams per tonne (g/t) gold (Au) in drill hole 24DO07. These results demonstrate Donut's ability to deliver high-grade gold intervals alongside broader, lower grade gold intervals such as the previously...
2024-02-29 8:02 AM EST
Founders Metals Discovers New Gold Zone at Donut and Extends Depth at Froyo to 250 Metres
Vancouver, British Columbia--(Newsfile Corp. - February 23, 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 45.0 metres (m) of 2.16 grams per tonne (g/t) gold (Au) in drill hole 24DO06 and confirms over 250 m of strike in a discovery at the Donut target. Donut is located ~800 m east of the Froyo...
2024-02-23 6:54 AM EST