Founders Metals Inc. is pleased to provide details on the 2021 drill program at the Elmtree Gold in northeastern New Brunswick. Drilling started October 6, 2021, focusing on infill and expanding the West Gabbro, South Gold, and Discovery Zones. Following this work, first-pass exploration drilling is planned to test several new targets identified from the historical work and this season's exploration program. The program's [...]
Founders Metals Inc. is pleased to announce the results of a property-wide high-resolution UAV magnetics survey at its Elmtree Gold Project in northeastern New Brunswick. Numerous northeast-trending linear magnetic lows, consistent with the gold-bearing Elmtree Fault Zone, have been identified. Magnetic highs of a similar scale and signature to the mineralized West Gabbro Zone occur along or adjacent to these linear [...]
Founders Metals Inc. is pleased to announce that it has received its work authorization from the New Brunswick Mining Recorder's Office. The government permit allows Founders to commence diamond drilling on the Elmtree Gold Project in northeastern New Brunswick, where it has signed landowner access agreements across the 1063-hectare property. The Company is also pleased to announce the signing of a drilling contract with [...]
Founders Metals Inc. is pleased to announce that it has completed a property-wide Ion Leach soil sampling program at its Elmtree Gold Project in northeastern New Brunswick . A total of 3,715 samples were collected over the 1,026-hectare property. This high-resolution sampling campaign represents the most comprehensive geochemical survey on the property to date. It leverages the sensitivity of the Ionic Leach analytical [...]
Founders Metals Inc. is pleased to announce the start of a multistage soil geochemical survey on its Elmtree Gold Project in northeastern New Brunswick, Canada. Sampling began on July 15th and employs ALS Global's Ionic Leach technique to assist in better identifying mineralization and associated alteration through thin, locally clay-rich, glacial cover. Figure 1 - Map of proposed soil geochemical samples over the Elmtree [...]
Founders Metals Inc. is pleased to announce a drone-based airborne magnetics survey on its Elmtree Gold Project in the Bathurst Mining Camp of northeastern New Brunswick. The survey is underway, and being flown by Vision 4K, a specialist Canadian provider of UAV/Drone-based geophysical surveys. Gold mineralization in the region is often spatially associated with east-to-northeast-trending, regional-scale fault/shear [...]
Founders Metals Inc. is pleased to provide a summary of the compiled historical data for its Elmtree Gold Project in northeastern New Brunswick. The Elmtree Au Project comprises 49 mineral claims totaling 1,063 hectares situated approximately 20 km northwest of the City of Bathurst. The property has been under active exploration since the late 1950s. However, substantial work began in 1984 with the discovery of gold and [...]
Founders Metals Inc. is pleased to announce that it has continued its corporate jurisdiction from the federal jurisdiction under the Canada Business Corporations Act to BC under the Business Corporations Act. The Continuation was approved by the shareholders of the Company at the annual general and special meeting of the shareholders held on April 30, 2021. The principal effects of the Continuation are set out in detail [...]
John Williamson, Chief Executive Officer and Justin Bourassa, Chief Financial Officer, Founders Metals Inc. , and their team joined Omar Khafagy, Manager, Corporate Access, TMX Group, to celebrate the Company's listing on TSX Venture Exchange and close the market. Founders Metals Inc. is a Canadian mineral exploration company focused on the acquisition and development of exploration projects of significant scale and is [...]
Founders Metal Inc wishes to remind its shareholders of its upcoming annual general and special shareholders meeting on Friday April 30, 2021 at 10:00 am Pacific Standard Time at Suite 700 - 595 Burrard Street, Vancouver, British Columbia. We confirm the record date for the Meeting is March 26, 2021 , so all persons who are registered shareholders as of the close of business on March 26, 2021 will be entitled to receive [...]
Avalon Works Corp. is pleased to announce that the Company will be changing its name from Avalon Works Corp. to "Founders Metals Inc." to better reflect its primary focus of mineral exploration. The Company received approval of the name change from shareholders on February 25, 2021 and approved by way of resolution of the board of directors on March 10, 2021. The Company received approval by the TSX Venture Exchange (the [...]
Avalon Works Corp. is pleased to announce that, further to the news release issued by the Company on November 26, 2020, the Company has completed a consolidation of all issued and outstanding common shares on the basis of 4.9362-to-1 effective February 25, 2021 followed by the acquisition on February 26, 2021 of a mineral exploration property comprised of two mineral exploration properties respectively comprised of 24 and [...]
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