# 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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/founders-metals-hits-53-1-m-of-1-21-g-t-au-from-surface-in-new-zone-west-of-uppe--0342eb96-b7ae-43d9-8483-ab5c60e4862f

Original source: https://finance.yahoo.com/markets/commodities/articles/founders-metals-hits-53-1-110000780.html

Publisher: yahoo\_press

Original announcement: 2026-06-23T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: new gold discovery

- Positive factor: high-grade intercept in Froyo Zone

- Positive factor: significant width in new zone

Facts used in scoring: 1

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: 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)

### FR217

[Link to this fact](https://atlas-staging.minestarters.com/news/founders-metals-hits-53-1-m-of-1-21-g-t-au-from-surface-in-new-zone-west-of-uppe--0342eb96-b7ae-43d9-8483-ab5c60e4862f#fact-drill-facts-0)

Antino Gold Project · gold

#### 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 factor: discovery in new zone

- Positive factor: 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.