Founders Metals Hits 53.1 m of 1.21 g/t Au from Surface in New Zone West of Upper Antino; Froyo Zone Drilling Intersects 9.0 m of 12.21 g/t Au & 37.0 m of 3.27 g/t Au

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 21:36:36 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Founders Metals has announced a new gold discovery 1.2 km west of the Upper Antino target at the Antino Gold Project. Notable intercepts include 53.1 m at 1.21 g/t Au from surface in hole FR217 and high-grade results in the Froyo Zone.

Reasoning: The announcement reports a new gold discovery west of the existing target and high-grade intercepts in the Froyo Zone.

Positive factors

  • new gold discovery
  • high-grade intercept in Froyo Zone
  • significant width in new zone

Facts used in scoring: 1

Atlas analysis — Founders Metals Inc.: Founders Metals Hits 53.1 m of 1.21 g/t Au from Surface in New Zone West of Upper Antino; Froyo Zone Drilling Intersects 9.0 m of 12.21 g/t Au & 37.0 m of 3.27 g/t Au

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The results represent a new gold discovery 1.2 km west of the Upper Antino target.

Evidence · text

“made a new gold discovery 1.2 kilometres (km) west of Upper Antino”

Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

Drill Results (1)

FR217Antino Gold Project · goldGrade: 1.21Grade Unit: g/tIntercept: 53.1 mView all details
Link to this fact

Identity

Hole ID
FR217
Project
Antino Gold Project
Commodity
gold
Region
suriname
Reported Region
Suriname
Ticker
FDR

Geometry

Grade
1.21
Grade Unit
g/t
Intercept
53.1 m
From
0 m
To
53.1 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-23T00:00:00.000Z

Reasoning: 53.1 m at 1.21 g/t Au represents a significant width in a previously untested zone.

Positive factors

  • discovery in new zone
  • significant width

Evidence · text

“hole FR217 returned 53.1 metres (m) of 1.21 grams per tonne (g/t) gold (Au) from surface”

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.