Founders Metals announces that it has signed the Definitive Agreement to acquire 100% ownership of the previously announced 36,000 hectare (ha) exploration concession west of the Company’s Antino Gold Project in Southeastern Suriname.
The acquisition expands the Project area to 56,000 ha and allows Founders to restart northwestward expansion drilling of Upper Antino, which was previously stopped at the concession boundary, but where historical auger gold anomalies support considerable potential growth.
Founders also announces drill core assay results from its ongoing 60,000 metre (m) drill program. The results extend Upper Antino gold mineralization to a total strike length of over 2,500 m, and include intervals of 17.0 m of 3.06 g/t Au in hole FR157 and a broader, near-surface interval of 60.0 m of 0.85 g/t Au from a depth of only 8.1 m in hole FR172.
Colin Padget, Founders' President & CEO, commented: “This is a transformational period for Founders – over the past two weeks, we’ve closed a C$50 million strategic investment from Gold Fields, expanded the Antino land package to 56,000 hectares, and with today’s results, demonstrated excellent along-strike, progressive growth of gold mineralization at Upper Antino.
“With a strong cash position, a proven exploration team, and clear ability to operate efficiently in Suriname, Founders is well positioned to systematically explore our ever-growing land package of highly prospective geology with the proven potential to host multi-million-ounce gold deposits. Our four drills are currently turning at Da Vinci, Lower Antino, Parbo, and Upper Antino, with Van Gogh drilling planned to begin shortly. Results from Maria Geralda and Parbo are expected in the coming weeks, followed by results from other priority targets through Q4 and into early 2026.”
