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
Founders Metals Hits 15.0 metres of 8.18 g/t Gold & 26.0 metres of 5.52 g/t Gold in Latest Antino Drilling
Vancouver, British Columbia--(Newsfile Corp. - February 5, 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 results for a further two holes from the Froyo Gold Zone with highlight down hole intervals of 15.0 metres (m) of 8.18 grams per tonne (g/t) gold (Au) and 26.0 m of 5.52 g/t Au. Drill holes...
2024-02-05 8:12 AM EST
Founders Metals Expands New Parallel Zone; Hits Six Major Gold Intervals in Single Hole
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports six separate gold intervals in drill hole 23FR045, demonstrating further evidence of a gold-bearing shear zone parallel to the main Froyo shear and potential for economically significant gold mineralization between the two...
2024-01-19 8:19 AM EST
Founders Metals Commences 2024 Drilling Campaign: Drills 10.0 m of 24.61 g/t Au in the Froyo Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the start of its 2024 drilling campaign and provides drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports a high-grade gold interval* of 10.0 metres (m) of 24.61 grams per tonne (g/t) gold (Au) from resource infill/expansion-type drilling conducted in late 2023 within the Froyo Gold...
2024-01-12 8:34 AM EST
Founders Metals Discovers New Parallel Zone; Hits 14.5 m of 16.26 g/t Gold and 26.0 m of 4.86 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports intercepting numerous high-grade gold intervals in a new zone parallel to the main Antino Shear Zone, more than doubling the width of the gold mineralized footprint to over 200 m. The intervals include, from separate holes, 14.5...
2023-12-21 10:35 AM EST
Founders Metals Hits 6.0 Metres of 94.69 g/t Gold and 9.0 Metres of 22.84 g/t Gold on Further Northwest Expansion
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports multiple high-grade gold intervals from further NW into the Froyo-Ginger Connector Zone including, 9.0 metres (m) of 22.84 grams per tonne (g/t) gold (Au) and 6.0 m of 94.69 g/t Au with a property-wide record assay of 434.98 g/t...
2023-12-07 6:45 AM EST
Founders Metals Commences Trading on the OTCQX
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that its common shares are now trading in the United States on the OTCQX® Best Market under the symbol "FDMIF". Colin Padget, President and CEO, commented, "We are very pleased to start trading on the OTCQX as it increases accessibility to our current and prospective U.S. shareholders while also increasing our overall market...
2023-12-04 7:00 AM EST
Founders Metals Drills 14.03 g/t Gold over 13.0 metres and 12.34 g/t Gold over 8.0 Metres; Extends Froyo Gold Zone by 50 Metres
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Founders Metals Inc. (TSXV: FDR) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project in southeastern Suriname. Highlights Gold mineralization extended over 50.0 m into Froyo-Ginger Connector Zone Drillhole FR038 intersects three distinct gold zones (Table 1, Figures 1-2), including:7.6 metres (m)* of 4.50 grams per tonne (g/t) gold (Au) from surface 9.0 m* of 3.04 g/t Au...
2023-11-30 8:36 AM EST
Founders Metals Closes $5 Million Bought Deal Financing and Fully Exercised Over-Allotment Option
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - Founders Metals Inc. (TSXV: FDR) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the closing of its previously-announced bought deal private placement offering of 7,187,500 common shares of the Company (the "Offered Shares") at a price of $0.80 per Offered Share for aggregate gross proceeds of $5,750,000 (the "Offering"), including the full exercise of the 15% over-allotment option granted to the Underwriters...
2023-11-28 8:54 AM EST
Founders Metals Hits New Highest-Grade Sample of 231.92 g/t Gold over 1.0 Metre Within 3.0 Metres of 99.51 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company adds a 3.0 metre (m) interval of 99.51 grams per tonne (g/t) gold (Au) to results from its October 26th news where a shallower angled (-50 vs -70) hole from the same drill pad intercepted 10.5 m of 8.91 g/t Au. The near surface hit is only 25 metres down and...
2023-11-02 7:00 AM EDT
Founders Metals Drills 26.00 Metres of 6.35 g/t Gold at Froyo Gold Zone and Second Rig Begins Drilling
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company continues to intercept high-grade gold at the Froyo Gold Zone reporting 26.00 metres of 6.35 grams per tonne Gold (Au) and 10.50 metres (m) of 8.91 g/t Au near surface within the Froyo-Ginger Connector (see Figure 1). Additionally,...
2023-10-26 7:00 AM EDT