Founders Metals Upgrades Lower Antino to Advanced Target; Hits 65.9 m of 1.16 g/t Gold

The most recent news (March 12, 2026) announces the upgrade of the Lower Antino target to "Advanced Target" status. This reclassification follows consistent drilling success, highlighted by hole LA046, which returned 65.9m of 1.16 g/t Au within a broader 115m mineralized envelope from surface. To date, 50 holes have been released for this target, confirming broad, continuous intrusion-hosted gold mineralization that remains open along strike and at depth. This follows a string of positive developments, including the discovery of a multi-kilometre gold system at Antino North (Feb 19, 2026) and high-grade intercepts at Upper Antino (Feb 11, 2026).

The news is Routine - Positive. While the results are strong and the "Advanced" status is a significant internal milestone, it is an incremental step in an already massive 60,000-meter drilling campaign. - Continuity: The results confirm the "bulk tonnage" thesis for Lower Antino, providing the density of data required for future resource estimation. - Scale: Upgrading Lower Antino to the same status as Upper Antino suggests the company now has two primary anchors for a potential multi-million-ounce resource. - Operational Momentum: The company is successfully managing a transition from a 20,000-ha project to a 102,360-ha district-scale play. - Comparison to Expectations: The results are in line with the "broad mineralized envelopes" previously reported (e.g., 90m of 1.02 g/t Au in Jan 2026). It reinforces the model rather than shifting it.

Founders Metals is focused on the Antino Gold Project in southeastern Suriname. The project is located in the Guiana Shield, a region known for multi-million-ounce deposits (e.g., Rosebel, Merian). Antino has produced over 500,000 oz of gold historically from artisanal surface mining. The project is characterized by two main styles of mineralization: high-grade shear-hosted veins and broad, bulk-tonnage intrusion-hosted zones.