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. HighlightsGold mineralization extended over 50.0 m into Froyo-Ginger Connector ZoneDrillhole 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...
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
Founders Metals Identifies Historical Artisanal Mining Tailings Grading up to 9.17 Grams Per Tonne Gold from Multiple Areas
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces auger geochemical survey results targeting historical artisanal mining tailings at the Antino Gold Project in southeastern Suriname, South America. The Company reports gold concentrations of up to 9.17 grams per tonne (g/t) gold (Au) in the alluvial mining tailings. The preliminary survey outlines three large tailings areas that collectively cover...
2023-10-24 7:00 AM EDT
Founders Metals Drills 45.79 m of 4.06 g/t Gold at Antino Gold Project, Extending High-Grade Gold Zone by Over 80 Metres
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces drill core assay results from its 2023 drill program at the Antino Gold Project in southeastern Suriname, South America. The Company continues to intercept high-grade gold over broad intervals in the Froyo Gold Zone. The ongoing exploration program focuses on expanding high-grade gold mineralization to depth and along strike and using new geophysical and...
2023-10-06 8:02 AM EDT
Founders Metals Announces Listing on Frankfurt Exchange
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - Founders Metals Inc. (TSXV: FDR) (FSE: 9DL0) (WKN: A2QQ1W) ("Founders" or the "Company") announces that it is now trading on the Frankfurt Stock Exchange under the symbol 9DL0 (WKN A2QQ1W). Listing on the Frankfurt Stock Exchange, the largest exchange in Germany and one of the world's leading trading venues, Founders Metals anticipates enhanced visibility and access to a broader investor base. The Company's main listing remains...
2023-10-02 11:36 AM EDT
Founders Metals Completes Magnetics Survey at Upper Antino
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces the completion of a high-resolution ground magnetics geophysical survey by GexplOre Services over Upper Antino at its Antino Gold Project in southeastern Suriname (Figure 1). The survey supports the many high-priority targets identified from previously released Induced Polarization (IP) survey data. Additionally, the Company will begin similar IP and...
2023-09-27 10:37 AM EDT
Founders Metals Drills 7.00 Metres of 8.12 g/t Gold and Extends High-Grade Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces drill core assay results from its 2023 drill program at the Antino Gold Project in southeastern Suriname. The Company continues to expand and extend high-grade gold mineralization below the saprolite/oxide boundary within the Froyo Gold Zone at Upper Antino. Founders is also continuing a comprehensive surface exploration program that focuses on...
2023-09-13 6:30 AM EDT
Founders Metals Provides Buese Area Intro with Channel Samples of up to 113 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") provides an overview of the Buese area on the Antino Gold Project that includes new channel sample results with a 12.0-metre (m) interval returning 1.0 metre of 113.0 g/t gold and 11.0 metres of 2.4 g/t gold. The 12.0 metres sampled are within a 26.0 m shear zone not completely sampled due to collapse, but follow-up trenching will test the entire zone....
2023-09-08 8:00 AM EDT
Founders Metals Closes $1.7 Million Private Placement with Strategic Investor
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces it has completed a non-brokered private placement (the "Private Placement") raising gross proceeds of $1,700,000 for 4,250,000 common shares (the "Shares") of the Company at a price of $0.40 per Share. The Company paid no commission or fees on the investment and all the securities issued in connection with the Private Placement are subject to a hold period...
2023-08-28 5:34 PM EDT
Founders Metals Drills 15.5 Metres of 30.72 g/t Gold at Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 24, 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 deliver high-grade gold intercepts as it broadens and extends gold mineralization in the Upper Antino area. Founders has now drilled ~3500 m of the planned 10,000 m drill program and the remaining metres focus on further...
2023-08-24 8:15 AM EDT
Founders Metals Drills 9.00 m of 11.10 g/t Gold and 12.20 m of 8.75 g/t Gold at Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces additional drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company reports further high-grade gold intercepts as it continues to step-out from and expand gold mineralization in the Froyo Gold Zone. Rapid assay turnaround times allow Founders to continuously share results and demonstrate the...
2023-08-10 8:00 AM EDT
Founders Metals Identifies New Targets from High-Resolution IP Survey
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces the successful completion of a high-resolution induced polarization (IP) and electrical resistivity survey at the Antino Gold Project in southeastern Suriname. The ground-based geophysical survey identified multiple resistivity and chargeability anomalies coincident with known gold mineralization. The survey upgrades several exploration targets to...
2023-08-08 10:25 AM EDT
Founders Metals Drills 12.00 Metres of 19.23 g/t Gold at Antino
Vancouver, British Columbia--(Newsfile Corp. - July 27, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces initial early results and an update on its 2023 drill program at the Antino Gold Project in southeastern Suriname. The Company's exceptional early results confirm high-grade gold mineralization in the Upper Antino Area's Froyo Zone. Ongoing drilling focuses on further extending this zone to depth and along strike. Founders also reports excellent production...
2023-07-27 8:30 AM EDT
Founders Metals Commences Maiden Drill Program at Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces the start of its 2023 drill program (Figure 1) at the Antino Gold Project in southeastern Suriname, South America. The current drilling focuses on expanding the known gold mineralization at the high-grade Froyo Zone in the Upper Antino Area (Figure 2). Drilling will target extending mineralization along strike and to depth beyond the relatively shallow...
2023-07-06 8:30 AM EDT
Founders Metals Provides Details on Upcoming 2023 Drill Program
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announces its 2023 plan for up to 10,000 m of diamond drilling at the Antino Gold Project in southeastern Suriname. The program will focus on expanding the known gold mineralization at the Froyo Zone in the Upper Antino Area, in addition to testing a range of new, highly prospective targets marking a significant step towards unlocking the project's vast mineral...
2023-06-01 8:30 AM EDT