Expansion Of Antino Gold Project With Addition Of 36,000 Hectares

VANCOUVER – Founders Metals Inc. announced the signing of a binding Letter of Intent (LOI) to acquire 36,000 hectare (ha) exploration concession immediately adjacent to the Company’s Antino Gold Project in southeastern Suriname. The acquisition nearly triples Founders’ land position to approximately 56,000 ha (560 km2) of highly prospective ground within the Guiana Shield greenstone belt.
Colin Padget, President & CEO, said, “Acquiring this ground is transformational for Founders. We’ve nearly tripled our land position to 56,000 hectares and gained control of a district-scale opportunity in one of the world’s most underexplored gold belts. What excites me most is the quality of targets we’ve just added. We have immediate opportunities to extend Upper Antino’s high-grade gold mineralization along a 1,000-metre strike extension supported by historical auger data. In the northern part of the new area, there’s a multi-kilometre network of high-grade shears plus a separate auger anomaly-larger than Upper Antino-that has never seen a drill hole. This acquisition gives us both near-term catalysts and long-term district potential as a premiere explorer in Suriname and the Guiana Shield.”