Founders Metals Completes 36,000 Hectare Acquisition & Expands Upper Antino Gold Mineralization to 2.5 Kilometres

Core Insights - Founders Metals Inc. has completed the acquisition of a 36,000 hectare exploration concession, expanding its Antino Gold Project area to 56,000 hectares, which allows for further drilling and exploration [1][6][20] - The ongoing drill program of 60,000 meters has extended the Upper Antino gold mineralization to over 2,500 meters, with significant assay results indicating high gold grades [2][5][7] - The company has secured a C$50 million strategic investment from Gold Fields, positioning it for systematic exploration and development in Suriname [3][4] Acquisition Details - The Definitive Agreement for the acquisition includes a total consideration of US$5.0 million, with additional contingent milestone payments based on future resource estimates and production [6][8] - The acquisition is expected to enhance the company's ability to explore and develop multi-million-ounce gold deposits in a highly prospective geological area [4][20] Drilling Program Highlights - Recent drill results include notable intervals such as 17.0 meters of 3.06 g/t Au and 60.0 meters of 0.85 g/t Au, demonstrating both depth and near-surface mineralization potential [2][7] - The drilling program is currently active at multiple sites, including Da Vinci, Lower Antino, Parbo, and Upper Antino, with results from additional targets expected in the coming weeks [4][20] Company Positioning - Founders Metals is well-positioned with a strong cash position and a proven exploration team, aiming to advance one of Suriname's most promising gold exploration opportunities [3][4][20] - The company emphasizes responsible exploration and community engagement, aiming to deliver long-term value to shareholders through strategic growth [20]