Founders Metals Provides Exploration Update on Emerging Targets; Drills 72.0 m of 1.01 g/t Gold at Parbo

Core Insights - Founders Metals Inc. has reported significant gold mineralization results from its ongoing drilling program at the Antino Gold Project in Suriname, particularly at the Parbo, Da Vinci, and Maria Geralda targets [1][3][12] Drilling Results - At the Parbo target, the inaugural drilling revealed broad, intrusion-hosted gold mineralization, including 72.0 meters of 1.01 grams per tonne (g/t) gold, with a high-grade interval of 4.0 meters at 11.97 g/t in hole PB003 [2][4][7] - The Da Vinci target showed continued extension of shear-hosted gold mineralization, with notable results including 19.5 meters of 2.31 g/t gold in hole DV016 [2][10] - At Maria Geralda, drilling has expanded mineralization 400 meters southeast of the initial discovery, with results such as 53.0 meters of 0.41 g/t gold in hole MG006 [2][11] Geological Context - The Parbo target is characterized by a historical gold-in-auger anomaly measuring 1.2 km by 0.6 km, with local samples grading up to 51.42 g/t gold. The current mineralized corridor measures approximately 800 meters by 400 meters and extends down to 250 meters depth [9][12] - The Da Vinci target has confirmed multiple stacked shears within a sedimentary rock package, with a newly identified parallel structure returning 22.5 meters of 0.24 g/t gold [10][12] - At Maria Geralda, the high-grade zone may represent a sub-horizontal shoot or rod-like body, with additional drilling needed to understand the nature of the mineralization [11][12] Future Exploration Plans - The company is preparing a 2026 exploration plan that will incorporate drill-ready targets from newly acquired areas and high-resolution airborne geophysics [13][14] - The ongoing exploration efforts at Antino are expected to continue demonstrating the presence of multiple mineralizing centers across a regional structural framework [12][13]