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Founders Metals ( (TSE:FDR) ) has issued an announcement.
Founders Metals Inc. has announced a significant new high-grade gold discovery at its Antino Gold Project in Suriname, marking the first major find of 2025. The discovery, located 1.8 km west of the Lawa Prospect, features assays ranging from 1.5 to 66.8 grams per tonne of gold and a 17.8-meter channel sample with 5.68 grams per tonne of gold. This new zone, part of a multi-kilometer gold trend, is the initial target in a fully funded 60,000-meter drill program aimed at expanding known mineralization and exploring new targets throughout the year. The development is expected to bolster Founders Metals’ position in the gold mining sector and provide potential value to stakeholders as the company continues its exploration strategy.
More about Founders Metals
Founders Metals Inc. operates in the mining industry, primarily focusing on the exploration and development of gold prospects. The company’s operations are centered around the Antino Gold Project in southeastern Suriname, where it aims to leverage its expertise in identifying high-grade gold mineralization.
YTD Price Performance: -1.38%
Average Trading Volume: 180,518
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$441M
See more data about FDR stock on TipRanks’ Stock Analysis page.
