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 [...]
Founders Metals Inc. is pleased to announce the appointment of Carlos Bertoni to the position of Senior Technical Advisor. Carlos H. Bertoni graduated as a geologist in Brazil and obtained his M.Sc. degree in mineral exploration at Queen's University in Canada. His professional experience spans over 40 years, and he has explored and developed mineral projects in a variety of geological environments in Canada, South [...]
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 38.0 metres of 10.90 grams per tonne gold from its furthest northwest Froyo drillhole to date, 24GG04. The interval contains the previously released gold vein photos and is one of Antino's best gold intercepts at over 410 gram-metres per tonne . Due to [...]
Founders Metals Inc. is pleased to announce the appointment of Natalie Senger to the position of Vice President of Resource Development. Mrs. Senger is a Professional Geoscientist with over 15 years of exploration industry experience, most recently serving as Vice President of Resource Development for Tudor Gold Corp. Her experience has been heavily focussed on gold dominant projects, including the discovery and [...]
Founders Metals Inc. announces that select intervals of Froyo Gold Zone drill core from its 2023 drilling program will be on display at this year's PDAC Core Shack on Tuesday, March 5, and Wednesday, March 6, at booth number 3108B. Additionally, Founders announces intercepting a vein of gold in its most recent drilling stepping northwest along the Froyo Gold Zone. Figure 1: Photos of gold vein in hole 24GG04 drill core [...]
Founders Metals Inc. announces high-grade drill core assay results from the Donut target at the Antino Gold Project in Suriname including 19.0 metres of 14.23 grams per tonne gold in drill hole 24DO07. These results demonstrate Donut's ability to deliver high-grade gold intervals alongside broader, lower grade gold intervals such as the previously reported 45.0 m of 2.16 g/t Au in hole 24DO06. With the success of these [...]
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 45.0 metres of 2.16 grams per tonne gold in drill hole 24DO06 and confirms over 250 m of strike in a discovery at the Donut target. Donut is located ~800 m east of the Froyo Gold Zone where drilling continues to deliver strong results, with hole 24FR51 [...]
Annual flagship program highlights the role that Canada's premier venture exchange plays in supporting national economic growth TSX Venture Exchange today released its 2024 Venture 50® ranking, shining a light on the top-performing companies that are driving growth across their respective sectors. The Venture 50 showcases TSXV issuers across five sectors: Energy, Mining, Clean Technology and Life Sciences, Diversified [...]
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