Founders Metals Inc (TSX-V:FDR, OTCQX:FDMIF) CEO Colin Padget joined Proactive's Stephen Gunnion with details of the company's Antino Gold Project in southeastern Suriname.
The 20,000-hectare gold exploration project has seen significant success since June, with recent drill results revealing promising outcomes.
Padget highlighted the Froyo-Ginger Connector Zone, a 150-meter area with impressive drill results, extending the Froyo gold zone by 50 meters. The addition of surface gold in saprolite adds to the project's potential.
Currently approaching 10,000 meters in drilling, Founders Metals plans to reach 12,000 meters by year-end with two operational rigs.
Recent funding of $5.75 million positions the company well for extensive drilling in 2024. Padget emphasized ongoing quick turnaround times for assay results, providing investors with real-time updates. Future catalysts include exploring new targets identified through geophysics and geochemical work.
With a vast property yet to be fully explored, Founders Metals anticipates continued success in uncovering gold resources.