Founders Metals Inc.

Founders Metals Inc. announces the start of its 2024 Buese area drill program at the Antino Gold Project in southeastern Suriname. The Company plans to drill up to 7,000 metres at Buese in 2024 beginning with an initial 3,000 m phase 1 program. The drilling uses Founders' own recently acquired third diamond drill. The Company is focused on testing both high-grade shear zones along the margins of the Filuca intrusive and [...]

Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. This release reports ten drill holes from the Froyo Zone . Drill hole assays and collar locations are available below as well as on the Company's website. New Drilling Highlights at Froyo Vertical Extension of Mineralization by 85 metres at Froyo 24.0 m of 5.06 grams per [...]

Founders Metals Inc. is pleased to announce preliminary metallurgical testing results from the Froyo Zone at the Antino Gold Project in southeastern Suriname. Four fresh rock samples and one saprolite sample totalling over 400 kilograms with head grades ranging from 1.55 grams per tonne gold up to 20.22 g/t Au were collected from across the Froyo Zone as representative samples. Baseline metallurgical testing began with a [...]

Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. This release reports the remaining eight drill holes from phase one of drilling at the Donut Zone . West Donut Shear Discovery New shear zone intercepted in four holes over >150 metres of strike including: 4.5 m of 3.27 grams per tonne gold from 15.6 m downhole 12.0 m of [...]

Founders Metals Inc. is pleased to announce that the Company has closed its fully-subscribed non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 - Prospectus Exemptions raising gross proceeds of C$10,000,000 from the sale of up to 6,250,000 common shares of the Company to a single UK institution at a price of C$1.60 per Share. The Company intends to use [...]

Founders Metals Inc. is pleased to announce that the Company intends to undertake a non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 - Prospectus Exemptions to raise gross proceeds of up to $10,000,000 from the sale of up to 6,250,000 common shares of the Company at a price of $1.60 per Share. The Company intends to use the net proceeds of the [...]

Founders Metals Inc. is pleased to announce that it has acquired a third diamond drill rig to support its ongoing exploration campaign at the Antino Gold Project in southeastern Suriname. The Company plans to begin drilling the Buese target upon arrival of the drill in June. Additionally, Founders announces it has completed the US$6 million work commitment portion of the first stage of its Option Agreement to acquire up [...]

Founders Metals Inc. is pleased to welcome Katie MacKenzie as the Company's Vice President of Corporate Development. Ms. MacKenzie will report directly to Founders' CEO, Colin Padget, and will be responsible for the Company's investor relations and corporate development activities. President and CEO, Colin Padget, commented "We are excited to welcome Katie to the Founders team. Her unique skillset and experience in both [...]

Founders Metals Inc. is pleased to announce its engagement with Blue Coast Research , a leader in metallurgical research and development, to complete initial metallurgical test work on samples from the Froyo Gold Zone. Additionally, the Company reports related preliminary findings from a metallogenic study on Froyo gold mineralization conducted by the Company's Chief Geoscientist, Dr. Vincent Combes, at Lorraine [...]

Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports the results of four infill holes from the Froyo Gold Zone closing a substantial gap in drilling. All four holes intercepted the main Froyo shear where expected, further demonstrating the robust nature and excellent continuity of the gold system at Froyo [...]