# nr 20260430

Source Brief: https://evesgoldminers.com/research/source-briefs/founders-metals-inc-2026-04-30-nr-20260430-361b5d4d
Original source: https://www.fdrmetals.com/_resources/news/nr-20260430.pdf
Original published: 2026-04-30
EGM generated: 2026-09-04
Company: Founders Metals Inc (FDR)

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## Extracted Document Text

# nr 20260430

Source: https://www.fdrmetals.com/_resources/news/nr-20260430.pdf
Published: 2026-04-30T00:00:00+00:00
Fetched: 2026-05-12T15:37:41.856+00:00
Source artifact: 361b5d4d-ec1c-4234-9664-907211e93656
Normalizer input: text

## Content

# nr 20260430
Press Release
Founders Metals Hits 12.95 g/t Gold over 6.0 m Confirming High-Grade Gold
Potential at Lower Antino
Vancouver, British Columbia, April 30, 2026 – Founders Metals Inc. (TSX-V: FDR, OTCQX: FDMIF, FSE: 9DL0)
(“Founders” or the “Company”) reports high-grade gold results from the Lower Antino Target at its Antino Gold
Project (“Antino” or the “Project”) in southeastern Suriname (Figure 1). Results include 6.0 metres (m) of 12.95
grams per tonne (g/t) gold (Au) – a significant high-grade intercept at Lower Antino – while continued systematic
drilling expands the mineralized system along strike.
Colin Padget, President & CEO, commented, “The 6.0 metres of 12.95 g/t gold in LA060 is an important result for
Lower Antino. While the system has consistently delivered broad, lower-grade mineralization, this intercept
suggests the presence of a higher-grade component – a characteristic we have been actively testing for. Additional
drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results
into our geological models to better define the geometry and continuity of mineralization as the program advances.”
Highlights
• High-grade drill-confirmed intercept near surface at Lower Antino confirms high-grade component
within the tonalite-hosted gold system:
o 6.0 m of 12.95 g/t Au from 55.0 m (LA060)
o Intercept extends mineralization approximately 250 m west of the nearest previous drilling
• Continued systematic drilling expands the mineralized system with wide intercepts along strike:
o Drilling to the east confirms continued growth of the mineralized system (LA055, LA056) (Figure 2)
o 200 m step-out to the south intersects intrusion-hosted mineralization with 18.0 m of 0.68 g/t Au from
59.1 m (LA054)
Geological Discussion
The westernmost hole in this release, LA060, intersected 6.0 m of 12.95 g/t Au from 55.0 m depth, delivering the
highest-grade composite interval returned from Lower Antino drilling to date and extending mineralization
approximately 250 m to the west. This result confirms the presence of a high-grade shear-related component within
the broader tonalite-hosted gold system, consistent with previously reported historical high-grade channel and grab
sample results, but that had not yet been confirmed by drilling.
Systematic step-out drilling to the east and south continues to expand the mineralized footprint. Holes LA055 and
LA056 confirm broad, consistent gold mineralization along strike to the east, while LA054 intersected gold
mineralization in a 200 m step-out to the south. Sheared and altered tonalite intrusions have been observed in
multiple holes with assays pending between known mineralized corridors (Figure 3). Holes LA051 and LA052, the
farthest south holes at Lower Antino to date, are interpreted to have been drilled east of the mineralized tonalite
bodies.
Lower Antino is one of two Advanced Targets within Founders’ 102,360-hectare contiguous land package, which
hosts eight drill-tested gold targets across the 55 km long Antino concession. The Company currently has four
diamond drill rigs operating at Antino, with two rigs at Antino North, one at Upper Antino, and one at Lower Antino,
TSX-V: FDR, OTCQX: FDMIF Page 1 of 5
with results pending at all locations. The Company will continue to systematically advance its highest-priority
targets across the district.
Figure 1: Antino Gold Project Property Map
Figure 2: Lower Antino Plan Map
TSX-V: FDR, OTCQX: FDMIF Page 2 of 5
Table 1: Drill Hole Assay Results
Drillhole From (m) To (m) Interval (m) Au (g/t)
LA051 NSA
LA052 NSA
LA053 NSA
LA054 59.10 77.10 18.00 0.68
incl. 59.10 62.10 3.00 2.70
and 243.00 246.00 3.00 1.71
LA055 0.00 56.10 56.10 0.28
incl. 33.60 42.60 9.00 1.13
and 102.00 154.00 52.00 0.36
and 162.00 213.00 51.00 0.36
and 264.00 274.00 10.00 0.30
LA056 0.00 17.10 17.10 0.38
and 102.00 117.00 15.00 0.27
and 218.00 224.00 6.00 0.21
and 241.00 247.00 6.00 0.46
LA057 118.00 127.00 9.00 0.37
and 308.00 316.00 8.00 0.40
LA058 159.00 165.00 6.00 0.29
LA059 0.00 8.10 8.10 0.24
and 59.00 67.00 8.00 0.20
and 124.00 128.00 4.00 0.42
LA060 55.00 61.00 6.00 12.95
incl. 56.00 59.00 3.00 25.70
and 128.00 132.00 4.00 2.03
*Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval 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. Intercepts 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. Intervals below 2.0 gram-metre or with average grade below 0.2 g/t Au are not reported.
Table 2: Drill Hole Locations
Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
LA051 821874.33 399865.00 135.00 240.40 -50.30 275.00
LA052 821926.67 400017.00 144.55 240.40 -50.00 251.21
LA053 821612.00 400866.67 138.58 270.10 -49.90 251.29
LA054 821454.60 400868.00 159.90 270.00 -50.30 251.15
LA055 821885.33 401403.00 136.51 90.20 -50.30 314.12
LA056 822043.67 401403.67 112.89 90.00 -50.00 353.48
LA057 821801.00 401167.50 160.93 270.10 -50.30 338.00
LA058 821472.33 401578.67 130.68 270.30 -50.20 266.15
LA059 821068.67 401278.00 146.41 270.30 -50.20 251.00
LA060 820919.33 401273.50 131.64 270.40 -50.30 290.00
TSX-V: FDR, OTCQX: FDMIF Page 3 of 5
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 the Company’s exploration plans, anticipated drilling results, 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 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
Drill holes are drilled as NQ- and HQ-diameter diamond core. Core is sawed in half, with one half submitted for assay and the other retained
for reference. 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 is 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
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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.
TSX-V: FDR, OTCQX: FDMIF Page 5 of 5