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
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.
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.
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.