Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold
Founders reports 28.0m of 14.27 g/t Au at Upper Antino, extending high-grade mineralisation 50m down-dip and confirming vertical continuity in a new zone.
Founders Metals Inc. (FDR) has announced drilling results from the Upper Antino target, highlighting hole FR249, which intercepted 28.0 meters grading 14.27 g/t Au from 433.0 meters down-hole. The company states this result represents a 50-meter down-dip extension of mineralization previously intersected in hole FR175, which returned 10.0 meters of 5.90 g/t Au, demonstrating strong vertical continuity of a new high-grade zone.
Additional intercepts were reported in FR249 and other holes, including FR241, FR231, FR239, and FR232, showing a multi-zone, stacked gold system within a gabbro host. Follow-up drilling is planned.
Founders Metals Inc. (FDR) announced drill results from the FR249 hole that confirm a new, high-grade zone outside the main Froyo core. The 50-meter step-out provides the first strong evidence of vertical continuity for this new zone, moving it from a single-hole curiosity to a target with tangible scale potential. The identified 399.6 gram-metre intercept is sufficiently strong to influence a future resource model, significantly growing the project's upside.
Prior to the release, the stock was in a downtrend, falling from C$5.89 in mid-May to C$4.33.
Founders Metals Inc. (FDR) is a Canadian junior exploration company advancing the 102,360-hectare Antino Gold Project in Suriname, situated on the prolific Guiana Shield. The company is currently in the discovery and expansion exploration stage, with no mineral resource estimate or economic studies completed.
The project is funded by a C$50M strategic investment from Gold Fields, which was completed in November 2025. Founders Metals is executing a large-scale 70,000-meter drill program across multiple regional targets, including Upper Antino, Lower Antino, and Antino North.