Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold
Original announcement by yahoo_press on
- Company
- Founders Metals Inc.
- Ticker
- FDR
- Exchange
- TSXV
- Region
- Suriname
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-20 18:40:14 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Founders Metals reported high-grade gold drill results at the Upper Antino target of the Antino Gold Project in Suriname. Drill hole FR249 intersected 28.0 metres of 14.27 g/t gold, representing a 50 m down-dip extension of the previously reported FR175 intercept.
Reasoning: The intercept of 28.0 m at 14.27 g/t Au is an exceptional grade and width for an orogenic/epithermal style system, and it represents a significant down-dip extension of previously known mineralization.
Positive factors
- exceptional grade
- significant width
- down-dip extension
Facts used in scoring: 1
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 14.27 g/t Au over 28.0 m is exceptionally high grade for the deposit type.
Evidence · text
“28.0 metres (m) of 14.27 grams per tonne (g/t) gold (Au)”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The intercept represents a 50 m down-dip extension of previously reported mineralization.
Evidence · text
“a 50 m down-dip extension of previously reported FR175”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Drill Results (1)
FR249Antino Gold Project · goldGrade: 14.27Grade Unit: g/tIntercept: 28 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FR249
- Project
- Antino Gold Project
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- FDR
Geometry
- Grade
- 14.27
- Grade Unit
- g/t
- Intercept
- 28 m
- From
- 433 m
- To
- 461 m
Classification
- Sample Type
- drill
- Group ID
- FR249:433.0-461.0
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-08-06T00:00:00.000Z
Reasoning: 14.27 g/t Au over 28.0 m is an exceptional intercept that extends the known mineralized system down-dip.
Positive factors
- exceptional grade
- strong width
- step-out extension
Evidence · text
“28.0 metres (m) of 14.27 grams per tonne (g/t) gold (Au) from 433.0 m in drill hole FR249”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.