Founders Metals Inc. announces new assay results from the Buese Prospect at its Antino Gold Project in Suriname. Buese covers over 600 hectares and is ~6 kilometres southeast of Upper Antino . The Company reports 6.0 metres of 2.33 grams per tonne gold in northwest step-out drilling along strike of the main Antino Gold Trend. Combined with further broad intervals of intrusion-hosted gold mineralization including 21.6 m of [...]
Founders Metals Inc. announces the recent publication of a peer-reviewed scientific journal article providing new insights into the structural controls on gold mineralization at the Antino Gold Project and surrounding area in southeastern Suriname. Ore Geology Reviews published District to Mineral-Scale Geometry of the World-Class Antino Orogenic Gold System, Southeastern Suriname , written by Founders Metals' Chief [...]
Founders Metals Inc. announces the appointment of Barry Macdonald to the Company's Board of Directors as an Independent Director. Founders' President & CEO, Colin Padget, commented, "We are pleased to welcome Barry to Founders' Board of Directors. His extensive experience in finance and corporate governance will be invaluable as we continue to grow." Mr. Macdonald is a Fellow of the Chartered Professional Accountants of [...]
Founders Metals Inc. announces further assay results from preliminary drilling at Van Gogh, the most recent high-grade gold discovery at its Antino Gold Project in southeastern Suriname . The Company reports 72.0 metres of 2.29 grams per tonne gold extending gold mineralization to approximately 200.0 m vertical depth from surface at Van Gogh. The drilling follows up on the 28.5 m of 7.12 g/t Au interval from 18 m down [...]
Founders Metals Inc. announces that it has closed its previously announced investment from B2Gold Corp. of 484,239 common shares of the Company at a price of C$5.30 per Share for aggregate gross proceeds of ~C$2.6 million . Colin Padget, Founders' President & CEO commented, "We are pleased to have B2Gold's ongoing support for Founders and the Antino Gold Project. Combined with the recent bought deal financing, Founders is [...]
Founders Metals Inc. announces the first assay results of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at its Antino Gold Project in southeastern Suriname . The Company reports 28.5 metres of 7.12 grams per tonne gold from 18.6 m in the first drill hole at Van Gogh, 3.8 km east of the Da Vinci prospect. The drilling follows up on high-grade channel sampling results reported on January [...]
Founders Metals Inc. announces the closing of its previously announced bought deal private placement offering of 6,136,455 common shares at a price of C$5.30 per Offered Share for aggregate gross proceeds of C$32,523,211 , including the partial exercise of the Underwriters' option to purchase 420,455 Offered Shares. The Offering was led by BMO Capital Markets, as lead underwriter and sole bookrunner, on behalf of a [...]
Founders Metals Inc. announces that B2Gold Corp. has increased its investment in Founders by subscribing for an additional 484,239 common shares of the Company on a private placement basis at a price of C$5.30 per Share for total gross proceeds of ~C$2.57 million . Together with the ~C$30 million bought deal announced on February 4, 2025, the Company will raise up to a total of ~C$37 million including the 15.0 [...]
Founders Metals Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of private placement, 5,716,000 common shares of the Company, at a price of C$5.30 per Common Share for gross proceeds of approximately C$30 million. In addition, the Company has also granted the [...]
Founders Metals Inc. announces a new high-grade gold discovery 1.8 kilometres west of the Lawa Prospect, at the Antino Gold Project in southeastern Suriname . The Company highlights grab sample results with assays ranging from 1.5 to 66.8 grams per tonne gold , and 17.8 metres of 5.68 g/t Au in the first channel sample over the newly identified high-grade structure. The discovery highlights an emerging, multi-kilometre [...]
Founders Metals Inc. announces drill core assay results from the newly discovered Da Vinci prospect at the Antino Gold Project in southeastern Suriname . The Company reports results from the first five holes at Da Vinci where gold mineralization occurs from surface over two broad shear zones including, 21 metres of 3.24 grams per tonne gold within a broader 67.0 m of 1.26 g/t Au and 36.0 m of 2.21 g/t Au. Highlights New [...]
Founders Metals Inc. announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports high-grade gold mineralization including 23.0 metres of 5.00 grams per tonne gold at the Froyo Gold Zone . Additional drilling extends gold mineralization at Froyo by 180 m. The Company has completed more than 40,000 m this year and expects to meet its 45,000 m goal by the end of the year [...]
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