CA Market News
3週前
Founders Metals Provides Corporate Update on the Antino Gold ProjectMay 19, 2026 9:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that, pursuant to the amended and restated option agreement dated August 27, 2024 (the "Option Agreement") among the Company, Nana Resources N.V. ("Nana") and Lawa Gold N.V. ("Lawa"), the earn-in period under the Option Agreement has ended and the joint venture phase has commenced. The Company holds a 70% interest in the Antino Gold Project through its equity interest in Lawa and will continue as operator.The Company formally notified Nana on May 18, 2026, that it will not exercise its option to acquire an additional 5% equity interest in Lawa (the "Third Option"). Founders previously exercised its second option and acquired an additional 19% ownership interest in the Antino Gold Project on June 12, 2025. The joint venture is governed by the terms of the shareholders' agreement contained in Schedule 2 of the Option Agreement available on www.sedarplus.ca.About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield – the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Limited. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comCautionary Statement Regarding Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding advancement of exploration programs on the Antino Gold Project. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: risks related to joint venture relationships, general business and economic uncertainties, exploration results, mining industry risks and other factors described in the Company's most recent management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297902 Original: Founders Metals Provides Corporate Update on the Antino Gold Project
CA Market News
4週前
Founders Metals Announces Results of Annual General MeetingMay 7, 2026 7:51 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the results from the Annual General and Special Meeting ("AGM") held on May 7, 2026, in Vancouver, British Columbia. The Company's shareholders approved the re-election of all Directors and the appointment of Davidson & Company LLP as the Company's auditors. The following were re-elected as Directors: Colin Padget, Nicholas Stajduhar, Christopher Taylor, Barry Macdonald and Vijay Kirpalani.In addition, shareholders approved the Company's new Omnibus Long-Term Incentive Plan (the "Omnibus Plan") to replace the Company's existing stock option plan and restricted share unit plan. The Omnibus Plan received approval by the board of directors of the Company on April 6, 2026 and conditional approval by the TSX Venture Exchange (the "TSXV") on March 31, 2026.The Omnibus Plan allows for a variety of equity-based awards that provide different types of incentives, including stock options, restricted share units, deferred share units and performance share units, to be granted to the Company's directors, officers, employees, and consultants. The maximum number of common shares of the Company ("Shares") reserved for issuance, in the aggregate, under the Omnibus Plan will be 10% of the aggregate number of Shares issued and outstanding at any time and from time to time subject to the terms of the Omnibus Plan. A copy of and further details about the Omnibus Plan are included in the Company's management information circular dated April 6, 2026 which is available on SEDAR+ at www.sedarplus.ca. The Omnibus Plan is subject to final approval by the TSXV.A total of 63,550,622 Shares were voted, representing 54.81% of the Company's issued and outstanding Shares at the record date of the AGM.About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comCautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the issuance of compensation securities pursuant to the new Omnibus Plan. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296610 Original: Founders Metals Announces Results of Annual General Meeting
CA Market News
1月前
The Gold Projects Getting Funded All Have One Thing in CommonMay 4, 2026 10:30 AM
PR Newswire (Canada)
Issued on behalf of GoldHaven Resources Corp.VANCOUVER, BC, May 4, 2026 /CNW/ -- EquityInsider.com Sector Commentary — Gold exploration budgets climbed 11% to $6.15 billion last year, now accounting for half of all global exploration spending [1]. That kind of capital doesn't chase stories; it chases evidence. Central banks made the same bet in Q1 2026, adding 244 tonnes of gold on a net basis even as a handful of sovereign sellers moved the other way [2]. The signal is clear: money is flowing toward geological proof, not promotional noise, and five companies are running that playbook right now. GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), AngloGold Ashanti (NYSE: AU), Fortuna Mining (NYSE: FSM) (TSX: FVI), San Lorenzo Gold (TSXV: SLG) (OTCPK: SNLGF), and Founders Metals (TSXV: FDR) (OTCQX: FDMIF) are each advancing through the kind of independent validation milestones that separate investable gold systems from sector noise.
The World Gold Council's Q1 2026 outlook reinforces why: gold posted a new quarterly average record of $4,873 per ounce, with investment demand now outpacing fabrication for the first time in this cycle[3]. At the same time, emerging market central banks are accelerating strategic gold accumulation, broadening the institutional base under the entire sector[4]. That combination of record pricing and structural sovereign demand is creating a clear validation premium for projects that can show independent technical reviews, environmental baselines, and systematic drill targeting over ones still selling on potential alone.GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has received the results of an independent geological review of its 100%-owned Copeçal Gold Project in Mato Grosso, Brazil, and the findings point to something bigger than the company's initial drilling suggested. An outside specialist consultant examined drill core and data from GoldHaven's inaugural diamond drilling program and confirmed the presence of a large-scale, structurally controlled hydrothermal gold system with clear vectors toward higher-grade mineralization at both of the project's two main target areas.At the West Target, the review identified higher-grade gold enrichment tied to fold hinge structures, with dense sheeted quartz vein systems hosted in altered rock. Potassic alteration along vein margins suggests a robust hydrothermal system that extends along strike and at depth. Critically, the core of the West Target's roughly 6-kilometre gold-in-soil anomaly, originally defined by AngloGold Ashanti during earlier exploration, remains largely untested and now stands as a high-priority drill target.The East Target showed its own promise. The consultant confirmed a shear-hosted mineralized zone carrying zoned sulphide assemblages, specifically chalcopyrite with bornite, which indicates increasing temperature at depth. That mineral zonation provides a direct vector toward potentially stronger copper-gold mineralization below the surface."This independent review materially de-risks the project and strengthens our confidence that Copeçal hosts a large-scale mineralized system," said Rob Birmingham, CEO of GoldHaven. "We are now seeing clear vectors toward stronger mineralization at both the East and West targets, with significant portions of the system still untested."GoldHaven is now advancing detailed structural modelling and target refinement ahead of a Phase II drill program planned for Q2 2026, designed to test the high-priority structural and geophysical targets identified through this review.Beyond Brazil, GoldHaven continues to advance its Magno Project in British Columbia's Cassiar district, where the company has submitted its drill permit application and closed an oversubscribed $2.04 million flow-through financing. The company recently filed a technical report covering the polymetallic system at Magno, which carries silver, tungsten, lead, zinc, and indium mineralization across more than 37,200 hectares. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production.GoldHaven is a Canadian junior exploration company operating two active project pipelines across North and South America. With drill programs advancing on separate continents, a critical minerals portfolio in Brazil totalling 123,900 hectares, and diversified exposure to both gold and polymetallic systems, the company offers multi-commodity discovery potential at a stage where most juniors remain focused on a single asset.CONTINUED… Read this and more news for GoldHaven Resources at:https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/In other industry developments:AngloGold Ashanti (NYSE: AU) announced a first-time Probable Mineral Reserve of 4.9Moz of contained gold at its Arthur Gold Project in Nevada's Beatty Mining District, supporting an initial nine-year mine life with average annual production of approximately 500,000oz. The project carries an estimated AISC of $954/oz and, at a $2,715/oz gold price, delivers an after-tax NPV (5%) of approximately $1.7 billion."The Arthur Gold Project is a cornerstone of our strategy to build a world-class, long-life production platform in the US," said Alberto Calderon, CEO of AngloGold Ashanti. "With average annual production of approximately 500,000oz in its initial phase, with some years projected to be well in excess of that, the project delivers immediate scale in a premier mining jurisdiction. This is just the beginning. With a world class orebody and a disciplined capital approach, we have a clear roadmap to growth and long-term shareholder value."The pre-feasibility study is expected to be presented to the AngloGold Ashanti Board of Directors for approval to transition to the feasibility study phase in June 2026. Aggressive drilling programmes remain underway to convert additional Mineral Resource, expand the mineralised footprint, and support further technical studies.Fortuna Mining (NYSE: FSM) (TSX: FVI) reported strong drill results from the Southern Arc deposit at its Diamba Sud Gold Project in Senegal, highlighted by 6.0 g/t gold over 24.1 meters, with bonanza intercepts including 29.8 g/t gold over 2.4 meters within that interval. The results contributed to an updated Southern Arc resource of 6 million tonnes averaging 1.9 g/t gold, containing 367,000 ounces, now the largest single deposit within the growing Diamba Sud project."Infill and extension drilling at Southern Arc continues to strengthen the scale and confidence of the deposit, contributing to the updated and expanded updated Mineral Resource of 6 million tonnes averaging 1.9 g/t Au, containing 367,000 gold ounces, making it today the largest single mineral deposit at the growing Diamba Sud Project," said Paul Weedon, Senior Vice President of Exploration of Fortuna Mining. "Southern Arc remains open at depth and along strike to both the southwest and northeast, with drilling continuing."Five drill rigs remain active across the project, with step-out drilling planned for Q2 2026 to test depth and strike extensions. Most drilling across the total project area sits at less than 200 meters depth, underscoring the potential for further resource growth.San Lorenzo Gold (TSXV: SLG) (OTCPK: SNLGF) has announced a significant land expansion at the Cerro Blanco target of its Salvadora property in Chile, adding 2,900 hectares through an option agreement with Mirasol Resources and the acquisition of three contiguous claim blocks.The Mirasol option covers the 2,000-hectare Rubi Project, while the three additional claim blocks contribute 900 hectares, both on the eastern flank of Salvadora where the Cerro Blanco porphyry target is located. The expansion extends the north-south strike length at Cerro Blanco from approximately 2 kilometres to 6 kilometres, unlocking significant new terrain for geochemical, IP, and geological investigation. San Lorenzo Gold has previously achieved exploration success at Salvadora across the Cerro Blanco, Arco de Oro, and Cabello Muerto targets."We are excited to continue our Cerro Blanco exploration efforts 1.7 km north-eastward to the river valley floor where significant alteration is visible," said Terence Walker, VP Exploration of San Lorenzo Gold. "This acreage addition now allows us to continue southward as well where another surface litho-cap feature is present, and we now have 6 km of N/S strike length compared to the 2 km of N/S strike length previously."Founders Metals (TSXV: FDR) (OTCQX: FDMIF) has completed a two-year environmental baseline assessment at its Antino Gold Project in southeastern Suriname, the first such study ever conducted at the project area despite exploration activity dating back to the early 1990s. The study, executed by Caribbean Environmental Risk Solutions across four seasonal campaigns from July 2024 to November 2025, was conducted in accordance with IFC Performance Standards and the Convention on Biological Diversity, producing a dataset acceptable to potential international funding sources."Environmental baseline data is one of the longest lead-time items required to advance a project toward development, and completing this work now keeps us well ahead of the curve," said Colin Padget, President & CEO of Founders Metals. "The data collected over these four seasonal campaigns provides us with the evidence base required to design future development plans in a manner that meets international environmental standards."Founders Metals controls a 102,360-hectare contiguous land package in the Guiana Shield and is backed by strategic partnerships with Gold Fields and B2Gold. The company will continue baseline monitoring at least twice per year while advancing environmental impact assessment and feasibility studies in parallel with its ongoing drill program toward a maiden mineral resource estimate.FURTHER READING: https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/CONTACT:
Equity Insider
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.businessday.co.za/economy/2026-04-09-gold-drives-mining-exploration-as-global-budgets-fall-for-third-year/ https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2026 https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2026/outlook https://www.visualcapitalist.com/ranked-central-banks-buying-and-selling-gold-in-2026/Logo - https://mma.prnewswire.com/media/2840019/5951227/Equity_Insider_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-gold-projects-getting-funded-all-have-one-thing-in-common-302761318.html
Original: The Gold Projects Getting Funded All Have One Thing in Common
CA Market News
1月前
Founders Metals Hits 12.95 g/t Gold over 6.0 m Confirming High-Grade Gold Potential at Lower AntinoApril 30, 2026 9:41 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") reports high-grade gold results from the Lower Antino Target at its Antino Gold Project ("Antino" or the "Project") in southeastern Suriname (Figure 1). Results include 6.0 metres (m) of 12.95 grams per tonne (g/t) gold (Au) - a significant high-grade intercept at Lower Antino - while continued systematic drilling expands the mineralized system along strike.Colin Padget, President & CEO, commented, "The 6.0 metres of 12.95 g/t gold in LA060 is an important result for Lower Antino. While the system has consistently delivered broad, lower-grade mineralization, this intercept suggests the presence of a higher-grade component - a characteristic we have been actively testing for. Additional drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results into our geological models to better define the geometry and continuity of mineralization as the program advances."HighlightsHigh-grade drill-confirmed intercept near surface at Lower Antino confirms high-grade component within the tonalite-hosted gold system:6.0 m of 12.95 g/t Au from 55.0 m (LA060)Intercept extends mineralization approximately 250 m west of the nearest previous drillingContinued systematic drilling expands the mineralized system with wide intercepts along strike:Drilling to the east confirms continued growth of the mineralized system (LA055, LA056) (Figure 2)200 m step-out to the south intersects intrusion-hosted mineralization with 18.0 m of 0.68 g/t Au from 59.1 m (LA054)Geological DiscussionThe westernmost hole in this release, LA060, intersected 6.0 m of 12.95 g/t Au from 55.0 m depth, delivering the highest-grade composite interval returned from Lower Antino drilling to date and extending mineralization approximately 250 m to the west. This result confirms the presence of a high-grade shear-related component within the broader tonalite-hosted gold system, consistent with previously reported historical high-grade channel and grab sample results, but that had not yet been confirmed by drilling.Systematic step-out drilling to the east and south continues to expand the mineralized footprint. Holes LA055 and LA056 confirm broad, consistent gold mineralization along strike to the east, while LA054 intersected gold mineralization in a 200 m step-out to the south. Sheared and altered tonalite intrusions have been observed in multiple holes with assays pending between known mineralized corridors. Holes LA051 and LA052, the farthest south holes at Lower Antino to date, are interpreted to have been drilled east of the mineralized tonalite bodies.Lower Antino is one of two Advanced Targets within Founders' 102,360-hectare contiguous land package, which hosts eight drill-tested gold targets across the 55 km long Antino concession. The Company currently has four diamond drill rigs operating at Antino, with two rigs at Antino North, one at Upper Antino, and one at Lower Antino, with results pending at all locations. The Company will continue to systematically advance its highest-priority targets across the district.Figure 1: Antino Gold Project Property MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/295168_be3d3fa8d4df5acc_001full.jpgFigure 2: Lower Antino Plan MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/295168_be3d3fa8d4df5acc_002full.jpgTable 1: Drill Hole Assay ResultsDrillholeFrom (m)To (m)Interval (m)Au (g/t)LA051NSALA052NSALA053NSALA05459.1077.1018.000.68incl.59.1062.103.002.70and243.00246.003.001.71LA0550.0056.1056.100.28incl.33.6042.609.001.13and102.00154.0052.000.36and162.00213.0051.000.36and264.00274.0010.000.30LA0560.0017.1017.100.38and102.00117.0015.000.27and218.00224.006.000.21and241.00247.006.000.46LA057118.00127.009.000.37and308.00316.008.000.40LA058159.00165.006.000.29LA0590.008.108.100.24and59.0067.008.000.20and124.00128.004.000.42LA06055.0061.006.0012.95incl.56.0059.003.0025.70and128.00132.004.002.03 *Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on currently available results and observations. All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts. Intercepts are calculated using a 0.10 g/t gold cut-off grade with
CA Market News
1月前
The Critical Mineral Hiding in Plain Sight on a Past-Producing Nevada Gold MineApril 29, 2026 9:20 AM
PR Newswire (US)
Issued on behalf of NevGold Corp.A near-surface, oxide antimony-gold project in Nevada is delivering up to 99% gold recoveries and high-grade antimony-gold drill hits — and the timing couldn't be sharper, with U.S. defense planners scrambling to rebuild a domestic antimony supply chain that, for now, has essentially zero primary production.USA News Group News CommentaryNEW YORK, April 29, 2026 /PRNewswire/ -- USA News Group News Commentary — Antimony has quietly become one of the most strategically important critical minerals in the United States. It hardens armor-piercing rounds, sharpens night vision optics, primes ammunition, and lives inside everything from semiconductors to flame retardants. And there are currently no operating primary antimony mines in the country.
The vulnerability has been on Washington's radar for years, but it became a five-alarm fire when Beijing flipped the switch. China — which along with Russia and Tajikistan accounts for roughly 90% of global antimony mine supply, and which dominates global refining and processing — first restricted antimony exports beginning September 15, 2024, and then explicitly banned exports to the United States on December 3, 2024, citing dual-use military applications. China announced a one-year suspension of those export restrictions in November 2025, but the suspension is set to expire on November 27, 2026 — meaning the structural supply problem has not gone away.This is the backdrop for NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF), a Nevada and Idaho-focused gold and critical minerals junior whose Limousine Butte project has emerged as one of the more unusual antimony stories in the sector — because it isn't really an antimony story. It's a past-producing oxide gold mine that happens to host one of the highest-grade, near-surface antimony footprints in North America, sitting on a brownfield site in one of the world's most permitting-friendly mining jurisdictions.Shares have responded. NevGold stock is up over 317% on a one-year basis (per Yahoo Finance data through April 2), and on February 26, 2026 the company was named one of the 2026 Top 50 TSX Venture Exchange companies, citing 330% share price appreciation and 515% market cap growth in 2025. The thesis is now being validated on multiple fronts: metallurgy, drill results, and a maiden antimony -gold Mineral Resource Estimate (MRE) tracking for Q2-2026. Read More on NevGold By Clicking This LinkQ: Why is the metallurgy at Limo Butte such a big deal?On April 2, 2026, NevGold reported Phase II metallurgical testwork results showing average gold recoveries greater than 93% — with individual samples reaching up to 99% — from cyanide shake leach tests on the residual tailings left over after antimony leaching. In plain English: the antimony recovery process has minimal to no impact on gold recovery. You can pull the antimony out first, then run the same material through a conventional gold leach circuit, and the gold comes out essentially intact.That matters for one simple reason. Most global antimony projects are sulphide-hosted, narrow-vein, underground deposits that produce an antimony concentrate. Concentrates require third-party smelters and refiners, complex marketing terms, payable deductions, and exposure to whichever country happens to control the downstream processing — historically, China. Limo Butte is the inverse: a large, near-surface, oxide deposit amenable to direct on-site leaching, with the potential to produce antimony metal at the project rather than ship a concentrate.NevGold CEO Brandon Bonifacio framed the result as a "key step" in optimizing the metallurgical flowsheet, noting that the project's two distinct mineralizing events — gold first, antimony second — are exactly what makes the simple sequential leach work. The company also flagged the discovery of additional antimony mineralization at surface in the historical pre-strip waste dump adjacent to the past-producing Golden Butte pit, with Phase I sampling completed and assays pending. That waste dump represents more potential at-surface antimony material on top of the historical leach pads already being drilled.Q: What about the drill results — is the geology actually backing this up?That answer came on March 19, 2026, when NevGold reported one of the more striking intercepts in the U.S. antimony space. Hole LB25-024 at the Resurrection Ridge target hit 11.42 g/t gold-equivalent over 7.7 meters (2.64% antimony and 1.17 g/t gold), within a thicker zone of 4.91 g/t AuEq over 27.4 meters (1.09% antimony and 0.67 g/t gold). The gold-equivalent calculation uses US$3,000/oz gold and US$40,000/tonne antimony with assumed recoveries of 80% gold and 75% antimony — and antimony pricing did move sharply during the 2024 export controls, jumping from roughly $11,300/tonne at the start of 2024 to about $40,000/tonne by year-end.Re-assays of historical drill core have also upgraded the database for the upcoming MRE. Hole LB22-025 returned 5.36 g/t AuEq over 9.1 meters (1.30% antimony) within 1.75 g/t AuEq over 73.2 meters, while LB21-001 delivered 2.28 g/t AuEq over 46.8 meters at 0.22% antimony and 1.41 g/t gold. These are not narrow vein widths — they are bulk-tonnage style intercepts in the same near-surface envelope where the historical Golden Butte mine produced gold. NevGold also reported that significant oxide gold-antimony mineralization had been intercepted in all step-out drillholes at the Bullet Zone discovery — the kind of consistency that tends to translate well into a maiden resource calculation.Q: How does this compare to what's already going on in U.S. critical minerals?The most-cited comparable in this space is Perpetua Resources Corp. and its Stibnite gold-antimony project in Idaho — located approximately 130 km northeast of NevGold's Idaho-based Nutmeg Mountain and Zeus projects. Perpetua has attracted nearly US$75 million in U.S. Department of Defense awards, a non-binding Letter of Interest of up to US$1.8 billion from the U.S. Export-Import Bank, a US$180 million strategic equity investment from Agnico Eagle Mines, and a US$75 million investment from JPMorganChase's $1.5 trillion Security and Resiliency Initiative.The point is not that NevGold is Perpetua. The point is that the U.S. capital and defense apparatus has demonstrated, in dollar terms, what it's willing to pay for permitted, advanced-stage domestic antimony — and that NevGold is trying to slot itself into that same story with a different angle: a brownfield site, near-term production from historical leach pads (no new mining required), and a longer-term commercial gold-antimony development scenario alongside it.Q: What's the near-term catalyst path?The 2026 work program at Limo Butte is sequenced around three deliverables. First, the maiden gold-antimony MRE on the historical leach pads, tracking to Q2-2026. Second, ongoing metallurgical testwork on the same leach pad material to firm up the production scenario. Third, a further 20,000 meters of drilling planned in 2026 focused on the Bullet Zone and Armory Fault discoveries — both new structural finds made in 2025 that significantly expanded the mineralization footprint at Resurrection Ridge, on top of approximately 5,000 meters across 30 drillholes already completed.State and federal permitting is also moving forward, with the company prioritizing the near-term antimony processing pathway on the historical leach pads — material that does not require any new mining. That is an unusually short permitting runway for a critical minerals story.Other Companies Tracking Trends in Gold and Precious Metals JuniorsHycroft Mining Holding Corporation (NASDAQ: HYMC) is a U.S.-based gold and silver company developing the Hycroft Mine in northern Nevada. On April 2, 2026, the company reported additional drill results from its 2025-2026 Exploration Drill Program, headlined by Hole H25D-6083 at the Vortex zone, which intersected 53.4 meters grading 304.14 g/t silver and 1.33 g/t gold, including a 0.9-meter sub-interval at 2,890 g/t silver and 33.70 g/t gold. Hycroft ended Q1 2026 with approximately $189 million in unrestricted cash and is debt-free.STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) reported on April 27, 2026 that drilling at the Jonpol Deposit on its Tower Gold Project in the Timmins Mining Camp returned 6.03 g/t Au over 22.25 meters (including 12.67 g/t Au over 9.25 meters) and 2.14 g/t Au over 33.86 meters (including 14.89 g/t Au over 2.33 meters). The company is targeting an expansion of the Jonpol open-pit strike length from 400 meters to approximately 1,200 meters.Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) announced its first-ever discovery at Antino North on April 2, 2026, drilling 17.22 g/t Au over 3.6 meters within a broader 24.6-meter intercept of 2.81 g/t Au — from the first drillhole ever completed in the Antino North concession in southeastern Suriname's Guiana Shield. The intercept began just 1.5 meters down-hole, and a second rig is now active on a kilometre-scale gold auger anomaly.Maple Gold Mines Ltd. (TSXV: MGM) (OTCQX: MGMLF) reported on April 1, 2026 multiple high-grade gold intercepts from its 100%-owned Douay/Joutel Gold Project in Quebec's Abitibi Greenstone Belt, including 17.9 g/t Au over 3.9 meters within 8.6 g/t Au over 10.4 meters in the Telbel Mine area (drill hole JO-26-11). The company has now extended high-grade gold mineralization up to 450 meters beyond the historical Eagle-Telbel underground workings, with a maiden Joutel MRE on track for delivery in H1 2026.For more updates and information on NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF), click here.Frequently Asked Questions1. What is NevGold Corp. and what does it do?NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) is a Nevada and Idaho-focused exploration and development company. Its flagship Limousine Butte project in Nevada is a past-producing brownfield gold site that hosts a large, near-surface oxide antimony-gold deposit. The company also holds the Cedar Wash gold project in Nevada and the Nutmeg Mountain gold project and Zeus copper project in Idaho.2. What is antimony and why does it matter?Antimony is a metalloid designated as a Critical Mineral by the U.S. Geological Survey. It is used in armor-piercing ammunition, night vision optics, infrared sensors, flame retardants, semiconductors, and lithium-ion batteries. Roughly 90% of global mined antimony comes from China, Russia, and Tajikistan combined, and China dominates global refining and processing — making domestic North American supply a national-priority issue.3. What were the recent Phase II metallurgical results at Limo Butte?On April 2, 2026, NevGold reported average gold recoveries greater than 93%, with individual samples reaching up to 99%, from cyanide shake leach tests on residual tailings from the prior antimony leaching stage. The result confirms that antimony and gold can be recovered sequentially with minimal to no impact on gold recovery.4. When is the Mineral Resource Estimate expected?NevGold has guided to an initial gold-antimony MRE in Q2-2026, including the historical leach pads, Resurrection Ridge, the Bullet Zone, and Cadillac Valley.5. What was the highest-grade intercept reported?Hole LB25-024 at Resurrection Ridge intercepted 11.42 g/t gold-equivalent over 7.7 meters (2.64% antimony and 1.17 g/t gold), within 4.91 g/t AuEq over 27.4 meters at 1.09% antimony and 0.67 g/t gold. Gold-equivalent calculations use assumed prices of US$3,000/oz gold and US$40,000/tonne antimony with assumed recoveries of 80% gold and 75% antimony.Article Source:https://usanewsgroup.com/CONTACT:
USA News Group
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. The owner/operator of MIQ does not own any shares of NevGold Corp. but reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and was approved and reviewed by NevGold Corp's representatives at CDMG.This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the profile constitute a representation that the securities of NevGold Corp. are presently registered with any securities regulator and any unregistered offer or sale of NevGold Corp.'s securities is not intended and is not occurring.Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any decision off of our advertorials. USA News Group does not render general or specific investment advice and the information on USA News Group should not be considered a recommendation to buy or sell any security. USA News Group does not endorse or recommend the business, products, services or securities of any company mentioned on USA News Group.Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. USA News Group, members and affiliates, are not responsible for any errors or omissions or for results obtained from the use of articles or materials presented. The content in this article or email is not provided to any individual with a view toward their individual circumstances. While our authors might address what others view of as facts, our authors strive to clearly attribute opinions where opinions are presented, and report what may be inaccurate or biased information from third parties without bias toward the company being reported on, or against the company being reported on. Our authors strive to use both bullish and bearish public information about the company being reported on to assist investors in making more educated decisions on their investing in such companies.USA News Group HOLDS NO SHARES of any company named in this release.This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and USA News Group undertakes no obligation to update such statements.Logo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine-302757163.htmlSOURCE USA News Group
Original: The Critical Mineral Hiding in Plain Sight on a Past-Producing Nevada Gold Mine
CA Market News
2月前
Founders Metals Completes Two-Year Environmental Baseline Assessment at AntinoApril 16, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the completion of a comprehensive two-year environmental baseline assessment at its Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. The study, conducted by Caribbean Environmental Risk Solutions ("CARI-ERS"), spanned four seasonal campaigns from July 2024 to November 2025 - covering two wet seasons and two dry seasons - and represents the first environmental baseline study at the Antino project area. Environmental baseline data is a prerequisite for environmental impact assessment and project feasibility work, and its early completion positions the Company to advance these longer lead-time studies in parallel with its ongoing exploration program.Colin Padget, President & CEO, commented, "Environmental baseline data is one of the longest lead-time items required to advance a project toward development, and completing this work now keeps us well ahead of the curve. The data collected over these four seasonal campaigns provides us with the evidence base required to design future development plans in a manner that meets international environmental standards. It also positions us to move directly into environmental impact assessment and feasibility work when the time comes to advance the project toward production."HighlightsFirst-ever environmental baseline at Antino: No previous operator conducted environmental baseline studies at the project area, despite exploration activity dating back to early 1990s. The completed study fills this critical data gap and establishes the evidential foundation required for future environmental impact assessment and project feasibility work.International standards compliance: All fieldwork was conducted in accordance with IFC Performance Standards and the Convention on Biological Diversity, providing a dataset acceptable to potential future international funding sources.Comprehensive four-season dataset: The study integrated aquatic ecosystem assessments (water quality, sediment quality, fish communities, benthic macrofauna, periphyton, and environmental DNA) with terrestrial biodiversity evaluations (mammals, birds, and botany) across ten sampling locations and four seasonal campaigns.Pre-existing environmental impacts documented: The study identified and quantified pre-existing environmental impacts attributable to decades of small-scale mining activity, including habitat fragmentation and alteration of stream systems. These impacts predate Founders' involvement and provide essential context for future environmental management and rehabilitation planning.Positions Company for future development studies: Completion of the baseline assessment is a prerequisite for environmental impact assessment and feasibility studies. Having this work substantially complete at the exploration stage allows Founders to advance these longer lead-time workstreams in parallel with its ongoing drill program as the Company works toward a maiden mineral resource estimate.Study Overview
The baseline assessment was designed and executed by CARI-ERS Suriname N.V., an independent environmental consultancy, across ten sampling locations within the Antino project area (Figure 1). Fieldwork covered four seasonal campaigns (Wet Season 2024, Dry Season 2024, Wet Season 2025, and Dry Season 2025) and was conducted in accordance with IFC Performance Standards and the Convention on Biological Diversity.Next Steps
Founders intends to continue baseline monitoring at a minimum of twice per year to further strengthen the dataset, in parallel with its ongoing exploration activities at Antino. The Company will use the data to inform future environmental impact assessment and project feasibility studies as the project continues to advance. Figure 1: Environmental Baseline Study Area at AntinoTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/292830_f79dca8e84180b61_001full.jpgAbout Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comQualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the Company's plans for continued environmental baseline monitoring, future environmental impact assessment and feasibility studies, rehabilitation planning, and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; environmental risks and regulatory requirements; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292830
Original: Founders Metals Completes Two-Year Environmental Baseline Assessment at Antino
CA Market News
2月前
Founders Metals Announces Increased Strategic Investment by Gold FieldsApril 8, 2026 10:05 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 8, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that Gold Fields Netherlands Services B.V. ("Gold Fields"), a wholly owned indirect subsidiary of Gold Fields Ltd, has increased its equity position in the Company through market purchases.On April 6, 2026, Gold Fields acquired 2,441,686 common shares of the Company at a weighted average price of approximately C$4.15 per share, for total consideration of approximately C$10.1 million. Following the transaction, Gold Fields beneficially owns 14,489,879 common shares of Founders, representing approximately 12.50% of the issued and outstanding common shares on a non-diluted basis, up from approximately 10.39% following the closing of Gold Fields' initial C$50 million strategic investment in November 2025.Colin Padget, President & CEO, commented, "Gold Fields' decision to meaningfully increase their ownership in Founders through market purchases is a strong endorsement of our exploration strategy and the district-scale potential of the Antino Gold Project. With an aggressive surface exploration and 70,000+ metre diamond drill program underway and multiple high-priority targets advancing across our 102,360-hectare land package, we are well-positioned to continue delivering value for all shareholders."Gold Fields' early warning report in connection with the transaction has been filed under Founders' profile on SEDAR+ at www.sedarplus.ca.About Founders Metals Inc.Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comCautionary Statement Regarding Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding long term value creation and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291616
Original: Founders Metals Announces Increased Strategic Investment by Gold Fields
CA Market News
3月前
Founders Metals Added to GDXJ Index; Commences Drilling at Antino NorthMarch 17, 2026 5:57 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that it has been included in the MVIS Global Junior Gold Miners Index ("MVGDXJ"), the underlying benchmark for the VanEck Junior Gold Miners ETF ("GDXJ"). Separately, the Company reports the commencement of diamond drilling at Antino North on its Antino Gold Project ("Antino" or "Project") in southeastern Suriname, with a second rig now being mobilized to the area (Figure 1).HighlightsGDXJ Index Inclusion: Founders Metals added to the MVIS Global Junior Gold Miners Index in the Q1 2026 quarterly review, triggering passive buying from index-tracking ETFsMaiden Drilling at Antino North: First diamond drill rig now turning where field work has delineated ten parallel gold-bearing structures across a 4 km areaSecond Rig Mobilizing: A second diamond drill rig is being mobilized to test the multi-km historical auger gold anomaly in the east of Antino NorthSurface Results: Previously reported channel sampling at Antino North returned 20.0 m of 2.07 g/t Au including 7.0 m of 5.05 g/t AuAuger Sampling Progress: Founders has collected over 4000 auger samples to date in 2026Colin Padget, President & CEO, commented, "Our inclusion in the GDXJ index is a meaningful milestone for Founders and reflects the market's growing recognition of what we are building in the Guiana Shield and brings new passive and institutional capital into the stock.""On the ground, we are equally excited to be now drilling at Antino North. The shear zones we've mapped in the northwest offer numerous compelling first drill targets where this year's surface work has returned high-grade grab and channel results in geology similar to Upper Antino. With the scale of the new Antino North targets, we are also mobilizing a second rig that will initially test the large historical auger anomaly in the east. We see Antino North as having the potential to become a second centre of gravity within our expanding gold camp."About Founders Metals Inc.Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comCautionary Statement Regarding Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding long term value creation and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.Quality Assurance and ControlSamples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.Qualified PersonsThe technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.Figure 1: Antino plan map showing progress of 2026 auger geochemical survey To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/288812_b62e33bd746b88f9_001full.jpgTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288812
Original: Founders Metals Added to GDXJ Index; Commences Drilling at Antino North
CA Market News
3月前
Founders Metals Upgrades Lower Antino to Advanced Target; Hits 65.9 m of 1.16 g/t GoldMarch 12, 2026 4:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces that Lower Antino has been upgraded from Intermediate to Advanced Target status - the same internal classification* as Upper Antino - at its Antino Gold Project in southeastern Suriname (Figure 1). The upgrade follows cumulative drilling of 50 diamond drill holes including eight new holes reported here that continue to demonstrate broad, continuous gold mineralization, highlighted by 65.9 metres (m) of 1.16 grams per tonne (g/t) gold (Au) within a broader envelope of 115.0 m of 0.83 g/t Au from surface in drill hole LA046.HighlightsLower Antino upgraded to Advanced Target status with 50 drill holes released to date with an additional 10 holes pending assays and further expansion drilling underwayBest intercept to date: 65.9 m of 1.16 g/t Au within 115.0 m of 0.83 g/t Au from surface (LA046)Broad mineralized envelopes confirmed: 113.5 m of 0.34 g/t Au from surface including 30.0 m of 0.82 g/t Au (LA044)Intrusion-hosted gold mineralization intersected in all eight drill holes reported in this release; mineralization remains open along strike and at depthColin Padget, President & CEO, commented, "Lower Antino's upgrade from Intermediate to an Advanced Target - now sharing the same classification as Upper Antino - reflects consistent, broad gold mineralization across a growing number of drill holes. LA046 returning 65.9 metres of 1.16 g/t gold within a 115-metre mineralized envelope is the best intercept to date at this target and underscores the scale and continuity of the Lower Antino intrusion-hosted gold system. With gold in every hole and consistently wide intercepts, Lower Antino is emerging as a meaningful contributor to the district's overall potential. While our focus remains on exploration and expansion drilling, Lower Antino's advancement to the same classification as Upper Antino means it is expected to be considered for inclusion in any future resource estimate for the district."Lower Antino - Upgraded to Advanced TargetThe Company reports assay results from eight diamond drill holes (LA043 to LA050) at the Lower Antino target, located approximately 3.5 km east of the Upper Antino deposit (Figure 1). All eight holes intersected gold mineralization, with results highlighted by 65.9 m of 1.16 g/t Au within 115.0 m of 0.83 g/t Au in LA046 (Table 1). The 115-metre intercept in LA046 begins at surface and represents an up-dip expansion of the previously released 90.0 m of 1.02 g/t Au in LA041, confirming the continuity and growth potential of the mineralized zone.Based on cumulative drilling results, Founders has upgraded Lower Antino from Intermediate Target to Advanced Target status, ranking it on the same tier as Upper Antino in terms of overall target quality and scale potential. The upgrade reflects the demonstrated continuity of gold mineralization across numerous drill sections and identification of multiple parallel, northeast-trending mineralized zones over approximately 1.9 km of drill-defined strike length within a broader 1.5 km by 2.8 km gold-in-auger anomaly. The target is open along strike and at depth with drilling ongoing to the south and southeast at regular 100 to 200 metre steps. Overall, gold mineralization remains consistent with previous Lower Antino drill results and is hosted in intensely sericite-altered, sheared tonalite with disseminated pyrite and quartz-pyrite veining. The southernmost hole in this release (LA050), intersected 24.0 m of 0.57 g/t Au and represents approximately 200 metres of southward expansion of the mineralized system. Assay results are presented in Table 1, with drill hole locations in Table 2.Lower Antino is one of two Advanced Targets within Founders' 102,360-hectare contiguous land package, which hosts eight drill tested gold targets across the 55 km long Antino concession. The upgrade of Lower Antino adds meaningful scale to the Company's growing inventory of drill-defined gold mineralization at the district level. The Company will continue to systematically advance and upgrade high-quality targets as defined by geological criteria linked to scale and growth potential. *The Company's internal target classification system reflects drill density, demonstrated continuity of mineralization, and data sufficiency; it does not correspond to NI 43-101 resource categories.Figure 1: Antino Gold Project Property MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/288304_571962fb64ca9a3d_001full.jpg
Figure 2: Lower Antino Plan MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/288304_571962fb64ca9a3d_002full.jpgFigure 3: Lower Antino cross-section through central gold trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/288304_571962fb64ca9a3d_003full.jpgTable 1: Lower Antino Drill ResultsDrillholeFrom (m)To (m)Interval (m)Au (g/t)Results from This ReleaseLA043162.00174.0012.001.56incl.167.00174.007.002.56LA0441.50115.00113.500.34incl.8.1038.1030.000.82LA0450.0020.1020.100.31and111.00124.0013.000.44LA0460.00115.00115.000.83incl.41.10107.0065.901.16LA0470.008.108.100.94and149.00156.007.000.46LA0480.0027.6027.600.22and173.00178.005.000.80LA0496.6011.104.500.21LA05047.1071.1024.000.57Previously Released Highlight ResultsLA041156.00246.0090.001.02incl.176.00178.002.0028.44LA00374.10156.0081.901.00incl.106.00132.0026.002.36LA0250.00241.00241.000.27incl.0.0086.1086.100.43LA03329.1060.0030.901.56LA02472.00122.0050.001.02LA028108.00163.0055.000.64incl.110.00117.007.002.32LA0190.0065.0065.000.49incl.44.1065.0020.901.11LA01033.6057.6024.001.23 **Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on currently available results and observations. All are diamond drill holes. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts. Composites are calculated using a 0.10 g/t Au cut-off grade with
CA Market News
4月前
Founders Metals Discovers Multi-Kilometre Gold System at Antino North; Auger Drilling Returns 20.0 m of 7.54 g/t Au at Maria GeraldaFebruary 19, 2026 4:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") reports exploration results from the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Surface exploration on the Company's recently expanded land package has delineated a multi-kilometre (km) gold system comprising multiple parallel, northwest-trending mineralized shear zones over a 4 km area. Results include 57.80 grams per tonne (g/t) gold (Au) in a grab sample and 20.0 m of 2.07 g/t Au including 7.0 m of 5.05 g/t Au in a channel sample. Separately, systematic 30-metre auger drilling at the Maria Geralda target is providing new insight into the geometry of high-grade gold shoots within the broader mineralized system.HighlightsAntino NorthBedrock mapping confirms ten parallel, northwest-trending gold-bearing shear structures across a 4 km area within the newly acquired Antino North concession block (Figures 1 & 2)Channel sampling across one shear returned 20.0 m of 2.07 g/t Au, including 7.0 m of 5.05 g/t Au; previously reported grab samples of 70.93 g/t Au and 69.85 g/t Au from adjacent shears, with a new grab sample of 57.80 g/t Au returned from a newly discovered shear zone further southVisible gold observed in multiple samples with up to 10% pyrite (Figure 3); mineralization style and scale comparable to the Froyo Gold Zone at Upper Antino (FR005: 15.5 m of 30.72 g/t Au)Auger sampling defines multiple kilometre-scale anomalies measuring ~3.4 km × 1.0 km; a separate ~5.2 km × 3.0 km anomaly from historical auger data is the single largest gold geochemical anomaly on the concession (Figure 2)Drilling equipment mobilizing via road from the Company's main camp at Upper Antino to Antino North; drills expected to be turning within two weeksMaria GeraldaDetailed 3 m × 3 m vertical auger grid to 30 m depth is building a three-dimensional picture of high-grade shoot geometry around the previously reported 22.5 m of 11.88 g/t Au in MG003 to improve drill targeting across the broader projectFrom shallow saprolite, initial results include, 20.0 m of 7.54 g/t Au (MGAD027) 15.0 m of 7.16 g/t Au (MGAD028), 17.0 m of 2.90 g/t Au (MGAD026), 10.0 m of 6.95 g/t Au (MGAD025), and 10.0 m of 1.80 g/t Au (MGAD024)Colin Padget, President & CEO, commented, "These results at Antino North represent the first major step in what we expect to be a wave of new discoveries across our expanded land package in 2026. Within months of acquiring this concession, our surface exploration team has identified a mineralized system with the hallmarks of what we see at Upper Antino – multiple parallel shear-hosted gold zones, strong alteration, visible gold, and kilometre-scale geochemical anomalies. We have completed road access from our main camp at Upper Antino all the way to the northern boundary of the concession and we expect to have a drill turning on the first target within two weeks.At Maria Geralda, the auger drilling is delivering exactly what we designed it to – a detailed understanding of how high-grade gold is distributed within the broader mineralized system. The initial results confirm that the high-grade mineralization is robust and persistent in the near-surface environment and we are excited to receive the remainder of the results from this program. The insights we're gaining here will directly inform how we target high-grade zones at Maria Geralda and across the project as we scale our drilling program in 2026."Antino North – New District-Scale Gold System
The Company has established road access from its main camp at Upper Antino to the northern boundary of the Antino North area. Initial surface exploration at Antino North (Figure 2) includes mapping, rock and channel sampling, and auger geochemical surveys designed to rapidly advance the Company's understanding of this newly acquired exploration area.Early results from Founders' ongoing auger sampling campaign reveal promising kilometre-scale geochemical anomalies coincident with mapped shear zones, supported by strong grab and channel sampling results. Field work has delineated ten parallel, northwest-trending shear zones up to 30 m in width across a 4 km area. The gold-bearing shears are characterized by pervasive quartz veining, intense shearing, and strong sericite alteration of the dominantly dioritic country rock. Up to 10% pyrite is observed locally, with visible gold noted in multiple grab samples (assays pending). Geological mapping and prospecting have traced individual shears along surface for up to 500 m of strike.The style of mineralization, alteration assemblage, and structural setting at Antino North are consistent with the Froyo Gold Zone at Upper Antino, where diamond drilling has returned intervals such as 15.5 m of 30.72 g/t Au (FR005). The Company has begun mobilizing drilling equipment to the area and expects to commence drilling within two weeks.Maria Geralda – Auger Grid Defines High-Grade Shoot Geometry
Founders has completed a detailed mechanical auger drilling program at Maria Geralda designed to build a three-dimensional understanding of high-grade gold shoot geometry within the discovery zone. The program utilized a 3 m × 3 m vertical auger grid drilled to 30 m depth in saprolite, centred on the previously reported MG003 intercept of 22.5 m of 11.88 g/t Au (announced June 24, 2025). The auger program returned a series of high-grade intercepts coincident with the MG003 discovery hole results, providing initial confirmation of local continuity and robustness of gold mineralization in the near-surface environment:20.0 m of 7.54 g/t Au (MGAD027) – up-dip of MG00315.0 m of 7.16 g/t Au (MGAD028)17.0 m of 2.90 g/t Au (MGAD026)10.0 m of 6.95 g/t Au (MGAD025)10.0 m of 1.80 g/t Au (MGAD024)The density of this auger grid provides the Company with a detailed spatial dataset that is being used to map the orientation, plunge, and continuity of high-grade gold shoots within the Maria Geralda system. This information is intended to directly inform future drill targeting, both at Maria Geralda and other similar settings across the broader Antino project. The near-surface auger data also contributes to the Company's understanding of the abundance and profile of oxide gold at this location.About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: "Colin Padget"Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.comFigure 1: Antino Gold Project property map.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/284577_d24659d8246f79fb_001full.jpgFigure 2: Antino North Plan MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/284577_d24659d8246f79fb_002full.jpgNote: Map shows the extent of historical and current auger sampling campaigns, channel sampling results, rock sample assays, and the scale of the largest auger anomaly compared with the gold-in-soil anomaly at G Mining's Oko West deposit (inset). Note map scale and auger contour levels are the same for both maps.Figure 3: Visible Gold in Quartz Vein from Grab Sample (assay pending) Collected at Antino North Shear ZoneTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/284577_d24659d8246f79fb_003full.jpgCautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding long term value creation and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.Quality Assurance and Control
Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284577
Original: Founders Metals Discovers Multi-Kilometre Gold System at Antino North; Auger Drilling Returns 20.0 m of 7.54 g/t Au at Maria Geralda
CA Market News
4月前
Founders Metals Consolidates over 100,000 ha Gold District in SurinameJanuary 27, 2026 12:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the successful consolidation of a cumulative 102,360 ha contiguous land package in Southeastern Suriname. The expansion comprises a 36,360-ha exploration concession granted by the Suriname GMD and a 10,000-ha exploitation concession acquired separately by the Company. Founders is the most advanced gold explorer in Suriname and now controls the largest uninterrupted package of highly prospective greenstone belt geology in the Guiana Shield.Colin Padget, President & CEO, commented: "These acquisitions mark a major milestone for Founders. We have effectively consolidated an entire gold district covering over 100,000 hectares of Guiana Shield greenstone geology proven to host multi-million-ounce gold deposits. From historical exploration, artisanal mining activity, and our own drilling, it is clear the area is underlain by a world-class gold system. Founders is now uniquely positioned to systematically explore this entire land package while advancing our most promising targets toward resource definition."HighlightsStrategic Expansion: The 46,360-ha combined acquisitions expand the Company's total concession area to 102,360 ha, making Founders the largest publicly traded gold exploration company in the Guiana Shield by land area.World-Class Scale: The Antino property spans approximately 55 kilometres of Greenstone-hosted gold mineralization— comparable in scale to Kirkland Lake in Canada's Abitibi or Ghana's Ashanti Belt, both among the world's most endowed Archean gold systems.Compelling Historical Data: Historical 2,100 m by 800 m gold anomaly adjacent to the Central Guiana Shear Zone — a district-scale target that has never been drill tested (Figure 1)Multiple Target Areas: Several identified prospect areas share similar characteristics to drill-confirmed targets at Antino, including folded volcano-sedimentary rock packages, strongly veined and deformed intrusive bodies, and secondary structures with coincident gold anomalies.Expanded Survey Programs: The Company has expanded its ongoing high-resolution airborne geophysics survey and regional auger geochemical sampling program to cover the entire consolidated land package. LiDAR and orthoimagery surveys to follow in H1 2026.Near-Term Production Potential: The 10,000 ha Okasi exploitation concession is 100% owned by Founders, independent of the Antino option agreement. The Company is exploring potential revenue opportunities from small-scale mining.Concession DetailsThe newly acquired concessions share the same geology that hosts gold mineralization at Antino and the 1.65-million-ounce Yaou deposit in neighboring French Guiana. The area is cut by the Central Guiana Shear Zone (CGSZ), a major regional structure that controls gold mineralization throughout the district. Multiple secondary structures branch off the CGSZ, creating additional exploration targets confirmed by geophysical surveys and field mapping.Historical data compilation has identified several high-priority gold anomalies aligned with these structures, providing compelling early-stage exploration targets across the expanded land package.Antino Expansion (36,360 ha Exploration Concession)On January 13, 2026, the Suriname Ministry of Natural Resources (GMD No. 669/25) granted Lawa Gold N.V. a three-year exploration right for gold and other minerals covering 36,360 ha in the District of Sipaliwini. The concession is contiguous with and immediately adjacent to the existing Antino Gold Project. Founders currently holds a 70% interest in Lawa Gold N.V. pursuant to its option agreement with Nana Resources N.V.Okasi Exploitation Concession (10,000 ha)The Company acquired 100% of Mine Rehab N.V., the holder of a 10,000-ha exploitation concession ("Okasi") in the District of Sipaliwini. The concession is contiguous with and south of the Antino Gold Project. The exploitation right was granted by the Suriname Ministry of Natural Resources for a ten-year term. The Okasi concession is held by FDR Suriname Holding N.V., a wholly owned subsidiary of Founders, independent of the Company's option agreement with Nana Resources N.V.About Founders Metals Inc.Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold District located in Suriname, South America, in the heart of the Guiana Shield. The Company controls a contiguous 102,360 ha land package that has produced over 500,000 ounces of gold from historical surface and alluvial mining to date1. Founders is systematically advancing one of Suriname's most promising gold exploration and development opportunities with drill-confirmed, district-scale potential. The Company is committed to responsible exploration, community engagement, and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield.
12022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and DirectorContact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 | katiem@fdrmetals.comCautionary Statement Regarding Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the Company's exploration plans, the potential for near-term gold production, and the Company's prospects. Forward-looking information can generally be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.Forward-looking statements are based on management's current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All material information on Founders Metals can be found at www.sedarplus.ca.Quality Assurance and ControlSamples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.Qualified PersonsThe technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.Figure 1: Consolidated Antino Concession MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/281769_789bc02494a8b9bd_001full.jpgTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/281769
Original: Founders Metals Consolidates over 100,000 ha Gold District in Suriname