Founders Metals Intersects 90.0 m of 1.02 g/t Gold at Lower Antino
Founders Metals Cements Lower Antino Scale with 90m Intercept, Backed by Gold Fields' War Chest
On January 22, 2026, Founders Metals announced drill results from the Lower Antino target at its flagship Antino Gold Project in Suriname. The highlight was hole LA041, which intersected 90.0 metres of 1.02 g/t gold from 156m depth, including a higher-grade interval of 1.0m at 28.44 g/t Au.
Other significant intercepts included: - LA033: 30.9 m at 1.56 g/t Au from 29.1m. - LA039: 2.0 m at 2.65 g/t Au. - LA030: 2.0 m at 3.19 g/t Au.
CEO Colin Padget noted this is the strongest result to date at Lower Antino, emphasizing the combination of near-surface bulk tonnage potential (with 50m of oxide cover) and high-grade upside. The company has three rigs active and is ramping up 2026 operations.
This news is Material - Positive. While Upper Antino has been the high-grade driver (e.g., 18m @ 6.14 g/t in Aug 2025), Lower Antino is establishing itself as a significant bulk-tonnage satellite deposit. * Scale Confirmation: The 90m intercept significantly improves upon previous Lower Antino results (e.g., 50m @ 1.02 g/t in June 2025). It confirms thick, continuous mineralization. * Economic Implications: The mention of 50m of oxide cover is critical. Oxide material is generally cheaper to process (often heap leach amenable) and requires less stripping if mineralization starts near the base of the oxide. This lowers the hurdle rate for economic viability. * System Growth: This result demonstrates that Antino is not a single-zone project but a district with multiple distinct ore bodies (Upper Antino, Lower Antino, Parbo, etc.).
However, the grade of ~1.0 g/t is strictly bulk tonnage. Investors should not confuse this with the high-grade hits found elsewhere on the property. The value here depends entirely on volume, which this release confirms is increasing.
Founders Metals is a Canadian exploration company focused on the Antino Gold Project in southeastern Suriname. * Flagship Asset: Antino Gold Project (56,000 hectares). * Location: Guiana Shield, Suriname. A jurisdiction with active major miners (Newmont, Zijin). * Geology: Shear-hosted and intrusion-hosted gold mineralization. * Key Zones: * Upper Antino: High-grade shear zone (Froyo/Donut). * Lower Antino: Bulk tonnage intrusion-hosted (Subject of current news). * Buese/Parbo/Van Gogh: Emerging exploration targets. * Ownership: The company has exercised its option to acquire 70% and is effectively the operator moving toward 100% or JV.