Founders Metals Consolidates over 100,000 ha Gold District in Suriname
TMX Newsfile·2026-01-27 12:30

Core Insights - Founders Metals Inc. has successfully consolidated a total of 102,360 hectares of contiguous land in Southeastern Suriname, making it the largest publicly traded gold exploration company in the Guiana Shield by land area [1][8]. Concession Details - The newly acquired concessions include a 36,360-hectare exploration concession and a 10,000-hectare exploitation concession, both of which are located in a region known for hosting significant gold deposits, including the 1.65-million-ounce Yaou deposit in French Guiana [4][9]. - The area is characterized by the Central Guiana Shear Zone (CGSZ), which is a major geological structure influencing gold mineralization, and has multiple secondary structures that present additional exploration targets [4][8]. Historical Data and Exploration Potential - Historical data has identified several high-priority gold anomalies aligned with the geological structures, indicating promising early-stage exploration targets across the expanded land package [5]. - The Antino property spans approximately 55 kilometers of gold mineralization, comparable in scale to other world-class gold systems such as Kirkland Lake in Canada and Ghana's Ashanti Belt [8]. Strategic Expansion and Future Plans - The company has expanded its ongoing high-resolution airborne geophysics survey and regional auger geochemical sampling program to cover the entire consolidated land package, with plans for LiDAR and orthoimagery surveys in the first half of 2026 [8]. - The 10,000-hectare Okasi exploitation concession is fully owned by Founders and is being explored for potential revenue opportunities from small-scale mining [8][9]. Company Overview - Founders Metals is focused on advancing the Antino Gold District in Suriname, which has historically produced over 500,000 ounces of gold from surface and alluvial mining [10]. The company aims to deliver long-term value to shareholders through responsible exploration and strategic growth in the Guiana Shield [10].

Founders Metals Consolidates over 100,000 ha Gold District in Suriname - Reportify