# nr 20260402

Source Brief: https://evesgoldminers.com/research/source-briefs/founders-metals-inc-2026-04-02-nr-20260402-51c8dd7a
Original source: https://www.fdrmetals.com/_resources/news/nr-20260402.pdf
Original published: 2026-04-02
EGM generated: 2026-09-04
Company: Founders Metals Inc (FDR)

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## Extracted Document Text

# nr 20260402

Source: https://www.fdrmetals.com/_resources/news/nr-20260402.pdf
Published: 2026-04-02T00:00:00+00:00
Fetched: 2026-05-12T15:37:46.856+00:00
Source artifact: 51c8dd7a-ff37-4d89-a0e0-70858adb4f09
Normalizer input: text

## Content

# nr 20260402
Press Release
Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over
3.6 m within 24.6 m of 2.81 g/t Au
Vancouver, British Columbia, April 2, 2026 – Founders Metals Inc. (TSX-V: FDR, OTCQX: FDMIF, FSE: 9DL0)
(“Founders” or the “Company”) announces a new high-grade gold discovery at its Antino Gold Project (“Antino” or
“Project”) in southeastern Suriname. The Company reports high-grade gold mineralization from surface, returning
17.22 grams per tonne (g/t) gold (Au) over 3.6 metres (m) within a broader 24.6 m interval grading 2.81 g/t Au, in the
first-ever drillhole in the Antino North area (Figure 1).
Highlights
First ever Antino North drilling delivers exceptional results from surface in the first drillhole (AN001)
• 24.6 m of 2.81 g/t Au including 3.60 m of 17.22 g/t Au from 1.5 m down hole
• 13.5 m of 0.44 g/t Au from 54.6 m
• First drillhole testing one of twelve gold-bearing structures identified to date at Antino North
• Surface work continues:
• Over 4,500 auger samples to date in 2026
• Total combined strike length of mapped shear zones on surface is 5.3 km
• Second Antino North drill now turning on previously undrilled kilometre-scale gold auger anomaly (Figure 2)
Colin Padget, President & CEO, commented, “The Antino North area covers nearly 10,000 hectares of highly
prospective geology that has never seen a drillhole — so we are thrilled to see such high-grade results from our first
diamond hole into the area. Our team on the ground has so far mapped twelve parallel shear zones across and along
strike of the intercepted structure, and we plan to test many of them over the current ~3,500 metre phase-one drill
program. This Antino North discovery reinforces our belief that the larger Antino Project is host to a major district-
scale gold system, and there remains significant exploration upside and opportunity for further discoveries with this
year’s exploration program.”
Antino North Drilling
The new discovery is hosted within a series of approximately 5- to 25-metre-wide shear zones, with geological
characteristics consistent with high-grade gold mineralization documented elsewhere on the Antino Gold Project,
including at Upper Antino. The reported drillhole tested the first of twelve northwest-trending parallel shears
recently mapped over multiple kilometres across the Antino North area, highlighting the significant scale of the
mineralizing system. The mapped shear zones are spatially coincident with a large regional-scale fold — a structural
setting commonly associated with orogenic gold deposits across the Guiana Shield.
Mineralization is similar in character to the shear- and vein-hosted gold mineralization at Upper Antino, comprising
sheared subvertical quartz veins with late brittle deformation overprinting and a sericite-ankerite-tourmaline
alteration assemblage.
The Antino North concession has no record of historical diamond drilling. This discovery represents the first drill-
tested gold zone within the recently acquired exploration concession, located approximately 20 kilometres
southwest of the Upper Antino area — confirming the potential for new mineralized centres across the district-scale
Antino land package.
TSX-V: FDR, OTCQX: FDMIF Page 1 of 4
Table 1: Drill Hole Assay Results
Drillhole From (m) To (m) Interval (m) Au (g/t)
AN001 1.50 26.10 24.60 2.81
incl 1.50 5.10 3.60 17.22
and 54.60 68.10 13.50 0.44
*Intervals are down-hole depths. True widths of mineralization are unknown at this time based on currently available results and observations.
All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to
determine capping levels for higher-grade gold intercepts. Widths are calculated using a 0.10 g/t gold cut-off grade with <5.0 m of internal
dilution of zero grade, and a minimum composite length of 2.0 m.
Table 2: Drill Hole Locations
Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
AN001 813830.00 420168.00 149.52 110.00 -70.00 260.00
About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern
Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield — the largest
uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic
partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global
junior gold sector. The Company is committed to responsible exploration, strong community engagement, and
disciplined capital allocation as it advances Suriname’s next major gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: “Colin Padget”
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.com
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities
legislation, including statements regarding long term value creation and the Company’s prospects. Forward-looking
information can generally be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that certain actions, events
or results “may”, “could”, “would”, “might” or “will” occur or be achieved.
Forward-looking statements are based on management’s current expectations and reasonable assumptions but
are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual
results to differ materially from those expressed or implied, including: general business and economic
uncertainties; exploration results; mining industry risks; and other factors described in the Company’s most recent
annual management discussion and analysis. Although the Company has attempted to identify important factors
that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There
can be no assurance that forward-looking information will prove accurate, as actual results and future events could
differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking
TSX-V: FDR, OTCQX: FDMIF Page 2 of 4
information. The Company does not undertake to update any forward-looking information except in accordance
with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All material information on Founders Metals can be found at www.sedarplus.ca.
Quality Assurance and Control
Diamond drill core is HQ diameter through oxide intervals and predominantly NQ diameter in deeper drilling. All
samples are half core, split using a diamond saw. Samples were analyzed at FILAB Suriname, a Bureau Veritas
Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples
are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were
analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay
values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric
finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control.
External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC
17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples.
Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are
selective by nature and may not be representative of the mineralization hosted on the project.
Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol.,
P.Geo., an independent qualified person as defined by National Instrument 43-101.
Figure 1: Antino Gold Project Property Map
TSX-V: FDR, OTCQX: FDMIF Page 3 of 4
Figure 2: Antino North Target Plan Map
TSX-V: FDR, OTCQX: FDMIF Page 4 of 4