Founders Metals Inc. reports high-grade gold results from Suriname drilling
What happened
Founders Metals Inc. announced assay results from drilling at its Antino Gold Project in southeastern Suriname. Drill hole FR256 returned 54.0 metres of gold at 8.45 grams per tonne from 303.0 metres. This included 24.0 metres of gold at 17.42 grams per tonne, located on a parallel structure approximately 100 metres east of a previously reported high-grade zone in FR249. The company stated these results reinforce the high-grade potential of the gold system at Upper Antino.
Why it matters
The discovery of new, high-grade gold structures at the Antino Project suggests the scale of the gold system in Suriname may be larger than previously defined. This type of resource confirmation is significant for companies involved in mining and for the national resource wealth of the country.
Who's involved
- companyThe company conducting the drilling and announcing the gold assay results
- SurinameThe jurisdiction where the Antino Gold Project is located
- Jason FangThe Chairman and CEO of the company
- AndrewThe Chief Executive Officer of the company
- FincoA wholly-owned subsidiary of the company
- Jio PlatformsA subsidiary unit of Reliance Industries