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Christmas in the Jungle: Founders Metals Hits 36.0 m of 2.21 g/t Gold & 67.0 m of 1.26 g/t Gold from Surface in New Da Vinci Discovery
VCISYVinci(VCISY) Newsfile·2024-12-11 12:30

Core Insights - Founders Metals Inc. has announced significant gold mineralization results from the newly discovered Da Vinci prospect at the Antino Gold Project in Suriname, indicating strong exploration potential [3][4]. Exploration Results - The first five drill holes at Da Vinci revealed gold mineralization from surface, with notable intervals including: - 67.0 m of 1.26 g/t Au, including 21.0 m of 3.24 g/t Au [3][4] - 36.0 m of 2.21 g/t Au [3][4] - 28.5 m of 1.30 g/t Au, including 10.5 m of 2.39 g/t Au [4] - 15.6 m of 1.18 g/t Au from surface [4] - 47.0 m of 1.07 g/t Au, including 10.5 m of 3.40 g/t Au from surface [4] Geological Features - The Da Vinci discovery exhibits geological characteristics similar to other gold zones on the property, including: - Multiple northwest-striking shear zones [5] - Stronger shearing at lithological contacts [5] - Higher gold grades associated with brittle overprinting [5] Future Plans - The initial drilling plan has been expanded from three to twelve holes, with additional results expected in early Q1 2025 [4]. - The company is fully financed for 60,000 metres of drilling in 2025, indicating a strong commitment to exploration [4][11]. Company Overview - Founders Metals is focused on advancing the Antino Gold Project, which spans 20,000 hectares and has produced over 500,000 ounces of gold to date [11].