Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Founders Metals Discovers Multi-Kilometre Gold System at Antino North; Auger Drilling Returns 20.0 m of 7.54 g/t Au at Maria Geralda

Founders Scales Up as Antino North Discovery Points to District Potential

By The Northwire Desk — AI Analysis Feb 19, 2026 · 16:31 FDR · 3.38 Founders Metals Inc.
Executive Summary

The most recent news release (February 19, 2026) announces the discovery of a multi-kilometre gold system at the newly acquired Antino North concession in Suriname. Surface exploration has identified ten parallel shear zones across a 4 km strike length, showing geological similarities to the established Upper Antino area. Concurrent auger drilling at the Maria Geralda target returned high-grade results including 20.0 metres of 7.54 g/t Au and 15.0 metres of 7.16 g/t Au. The company has established road access to Antino North and is mobilizing diamond drill rigs to the area within two weeks.

Material Impact

The impact is Material - Positive for several reasons: - Expansion of Scope: The discovery at Antino North validates the company’s recent aggressive land consolidation (now over 100,000 hectares). Identifying 10 parallel shear zones suggests the high-grade "Froyo-style" mineralization seen elsewhere on the property may be repetitive across the district. - High-Grade Continuity: The auger results at Maria Geralda (7.54 g/t Au over 20m) are exceptionally high for surface sampling and provide a clear 3D geometry for upcoming diamond drilling. - Strategic Execution: Completing road access and mobilizing drills within months of concession acquisition demonstrates high operational efficiency. - Relative Valuation: This news arrives while the stock is trading significantly below the strategic entry price of Gold Fields ($4.15), potentially providing a fundamental floor based on asset growth versus share price contraction.

FDR · Price
Company Overview

Founders Metals is a Canadian explorer focused on the Antino Gold Project in southeastern Suriname. Antino is an orogenic gold system located in the Guiana Shield greenstone belt. - Flagship Project: Antino Gold Project (102,360 hectares). - Project Stage: Advanced exploration/resource definition. - Ownership: Founders currently holds a 70% interest in the project through Lawa Gold N.V., with an option to reach 75% by completing a bankable feasibility study. - Historical Context: The area has produced over 500,000 ounces of gold from artisanal and alluvial mining.

Read the original news release →

More from Founders Metals Inc.

Oct 07, 2026 · 07:01

Founders’ new parallel Froyo shear adds scale with 456 g·m grades largely priced at a $1.2 billion capitalisation.

Drill Results Sep 17, 2026 · 09:04

Founders completes the 100% buyout of Antino as Gold Fields increases its stake to 19.9%.

Financings Sep 09, 2026 · 07:01

Founders reports a 550 g/t gold intercept in the West Zone, though two of five step-out holes returned blank results.

Drill Results Aug 19, 2026 · 06:41

Founders Metals to Consolidate 100% Ownership of Antino Gold Project; Gold Fields Increases Strategic Stake to 19.9%

Financings Aug 06, 2026 · 07:02

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.

Drill Results Jul 15, 2026 · 07:01

Founders’ Antino Northeast discovery adds broad, low-grade strike length to its portfolio, though sparse disclosure limits its immediate significance.

Drill Results