Founders Metals Makes First Discovery at Antino North; Drills 17.22 G/T Au over 3.6 M Within 24.6 M of 2.81 G/T Au

Why It Matters

The discovery de‑risks Founders’ exploration program and could add significant ounces to its resource base, attracting investor interest and partnership opportunities in a high‑grade gold district.

Key Takeaways

• First drill hole yields 17.22 g/t gold over 3.6 m.
• 24.6 m interval averages 2.81 g/t near surface.
• Antino North covers ~10,000 ha unexplored terrain.
• Second drill targets kilometre‑scale auger anomaly.
• Findings reinforce district‑scale gold system potential.

Pulse Analysis

Suriname’s Guiana Shield hosts some of the world’s most prolific orogenic gold districts, and junior explorers have been racing to map its extensive greenstone belts. Founders Metals Inc., a Canadian‑listed explorer backed by Gold Fields and B2Gold, controls a 102,360‑hectare contiguous land package that represents the largest uninterrupted greenstone corridor in southeastern Suriname. The company’s Antino Gold Project has already produced Upper Antino mineralization, but the newly defined Antino North block, nearly 10,000 hectares of untouched terrain, adds a fresh frontier for district‑scale discovery. The region’s infrastructure improvements also enhance project logistics.

The first diamond drillhole (AN001) in Antino North intersected 17.22 g/t gold over 3.6 m within a broader 24.6 m interval grading 2.81 g/t, starting just 1.5 m below surface. Such high‑grade, near‑surface intercepts are rare in the region and suggest a robust shear‑controlled system similar to Upper Antino’s vein‑hosted mineralization. Ongoing surface work has logged more than 4,500 auger samples and mapped twelve parallel shear zones across 5.3 km of strike, prompting a second drill targeting a kilometre‑scale auger anomaly that could expand the strike length further.

The discovery bolsters Founders’ claim that Antino hosts a district‑scale gold system, potentially adding several million ounces to its resource base. For investors, the result de‑riskes the exploration program and may accelerate financing or partnership discussions, especially given the company’s strategic ties with major producers. In a market where junior gold projects are prized for low‑cost, high‑grade assets, Antino North’s early results position Founders Metals as a compelling play in the broader South American gold narrative, where exploration upside remains abundant.