Founders Metals Expands Antino Gold Project with Addition of 36,000 Hectares

Core Viewpoint - Founders Metals Inc. has signed a binding Letter of Intent to acquire a 36,000 hectare exploration concession adjacent to its Antino Gold Project, significantly expanding its land position to approximately 56,000 hectares, which is considered a transformational move for the company in the underexplored Guiana Shield gold belt [1][3][4]. Acquisition Details - The new concession covers an area historically explored by Canarc Resources from 1996 to 2007, and Founders has the exclusive right to conduct legal due diligence over a 90-day period before finalizing the purchase agreement [4]. - The acquisition nearly triples the company's land position, enhancing its exploration potential in a district-scale opportunity [3][7]. Exploration Potential - The acquisition provides immediate opportunities to extend high-grade gold mineralization along a 1,000-meter strike extension, supported by historical auger data [3][7]. - Multiple high-grade shear zones have been identified, with recent grab sample results showing gold grades of 26.01 g/t, 36.84 g/t, 11.44 g/t, and 70.93 g/t [7]. - A substantial historical exploration database includes 1,860 line-km of aeromagnetic and radiometric survey data, 1,877 historical auger samples, and a robust 5 km x 2.5 km historical gold anomaly that has never been drill tested [7]. Company Overview - Founders Metals is focused on advancing the Antino Gold Project in Suriname, which has produced over 500,000 ounces of gold from historical mining [8]. - The company is committed to responsible exploration and aims to deliver long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield [8].