Founders Metals Hits Deep High-Grade Mineralization at Upper Antino; 18.0 m of 6.14 g/t Gold from 450 m
Executive Summary
- Founders Metals reported high‑grade gold intercepts from deep drilling at the Antino Gold Project, notably 18.0 m @ 6.14 g/t Au and 5.0 m @ 10.61 g/t Au starting near 450 m depth in hole FR138.
- Additional significant intervals include 8.0 m @ 1.11 g/t Au (FR138) and 15.6 m @ 1.25 g/t Au from surface (FR134), confirming the continuity of mineralized shear zones at depth and along strike.
- The results expand the known vertical extent of high‑grade mineralization to ~500 m, supporting the company’s geological model and increasing the potential scale of Upper Antino.
Key Details
- Hole FR138 (Upper Antino) – Deep Intercepts
- 18.0 m @ 6.14 g/t Au from 550 m depth (down‑hole).
- 5.0 m @ 10.61 g/t Au from 516 m depth.
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Additional intervals: 2.0 m @ 13.57 g/t Au at 593–595 m; 8.0 m @ 1.11 g/t Au from 312 m; 4.0 m @ 0.90 g/t Au from 330–334 m.
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Hole FR134 (Parallel Shear, North)
- 15.6 m @ 1.25 g/t Au from surface (0–15.6 m).
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Other minor intervals: 2.0 m @ 1.13 g/t Au at 81–83 m; 1.0 m @ 3.76 g/t Au at 298–299 m.
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Hole FR129 (Step‑out Exploration, North)
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24.0 m @ 0.32 g/t Au from 125–149 m, extending known mineralization ~200 m northward.
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Other Notable Intercepts
- FR138: 8.0 m @ 1.11 g/t Au (312‑320 m) and 4.0 m @ 0.90 g/t Au (330‑334 m).
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FR130, FR127, FR124, etc., reported low‑grade or non‑significant assays (NSA – not sampled/assayed).
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Drilling Program Status
- Four drill rigs operating at Antino; ongoing drilling on Upper Antino and Maria Geralda, plus a Parbo auger program.
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Surface exploration continues to provide structural context for Phase 2 targets (Van Gogh, Da Vinci, Lawa).
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Geological Interpretation
- High‑grade intervals occur near the footwall margin of a deepening tonalite intrusion with increasing strain intensity.
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Results double the vertical continuity of mineralization from ~280 m to ~500 m depth.
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Quality Assurance / Qualified Person
- Samples analyzed by FILAB Suriname (ISO 9001:2015) and cross‑checked at ALS Global (ISO/IEC 17025:2017).
- Technical content reviewed by Michael Dufresne, M.Sc., P.Geol., P.Geo. (NI 43‑101 QP).
Notable Quotes
- Colin Padget, President & CEO: “These results support our geological model and confirm that high‑grade mineralization continues at depth, significantly increasing the potential scale of Upper Antino… We are excited about the ongoing drilling at Upper Antino and Maria Geralda and look forward to getting back out to other exploration targets this Fall.”