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Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold

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Home South-eastern Asia Laos

Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold

by Asia Today Team
August 7, 2026
in Laos
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Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold
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Vancouver, British Columbia – Newsfile Corp. – August 6, 2026 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Firm”) proclaims outcomes from the Higher Antino goal space at its Antino Gold Undertaking (“Antino” or the “Undertaking”) in southeastern Suriname (Determine 1). Current exploration drilling at Higher Antino intersected 28.0 metres (m) of 14.27 grams per tonne (g/t) gold (Au) from 433.0 m in drill gap FR249, a 50 m down-dip extension of beforehand reported FR175 (10.0 m of 5.90 g/t Au). Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold

Colin Padget, President & CEO, commented, “These outcomes show significant high-grade progress potential at Higher Antino. FR249 is among the strongest holes we’ve drilled at Antino, returning 28.0 metres of 14.27 g/t gold — grade now we have usually seen solely inside the high-grade Froyo core, now intersected nicely exterior it. By extending this mineralization down-dip from FR175, the opening probably demonstrates robust vertical continuity of a brand new high-grade zone. Establishing its scale is a precedence for our ongoing drilling.”

Highlights

  • Broad high-grade gold: 28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) in FR249, a 50 m down-dip extension from the beforehand reported drill gap FR175 intersecting 10.0 m of 5.90 g/t Au
  • A number of stacked zones: Drill gap FR249 intersected a number of gold zones with downhole widths starting from 6.0 m to twenty-eight.0 m (Figures 2 and three)
  • Rising gabbro-hosted goal: gold mineralization happens inside a gabbro unit widening at depth, representing a progressively bigger goal for follow-up drilling

Geological Dialogue
Ongoing drilling at Higher Antino is testing the down-dip continuation of the a number of gold-bearing shear zones that outline the goal. Gap FR249 reduce 4 stacked, sub-parallel shears between 285.0 m and 461.0 m down-hole, the deepest of which returned 28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) (Figures 2 and three). The zones above it graded 18.0 m of 1.04 g/t Au from 285.0 m, 24.0 m of 0.36 g/t Au from 319.0 m, and 6.0 m of 1.62 g/t Au from 415.0 m, confirming that the stacked structure seen close to floor persists nicely beneath it. Earlier deep drilling traced mineralization to roughly 500 m vertical (introduced August 11, 2025); FR249 now additional demonstrates that these deeper horizons can carry considerably increased grades.

The spotlight intercept happens the place the mineralized constructions transect a big gabbro physique. Gold mineralization at Higher Antino stays structurally managed, with the gabbro offering a beneficial host: the competent, brittle unit fractures readily the place the shears reduce by means of it, opening area for the quartz veining that carries high-grade gold, whereas its iron-rich composition promotes gold deposition from the mineralizing fluids. As a result of the unit widens down-dip, the constructions intersect progressively larger volumes of this beneficial host at depth. Mineralization stays open, and follow-up drilling is deliberate to trace the high-grade construction alongside strike and down-plunge, with emphasis on its intersection with the gabbro.

The remaining holes on this launch examined parallel shears throughout Higher Antino at a variety of depths, returning outcomes in step with the multi-zone character of the goal, together with 3.0 m of 6.06 g/t Au from 45.6 m in FR231 and a broad interval of 56.0 m of 0.40 g/t Au from 351.0 m, together with 10.0 m of 1.10 g/t Au in drill gap FR241.

About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration firm constructing a district-scale gold camp in southeastern Suriname. The Firm controls a 102,360-hectare contiguous land package deal within the Guiana Defend – the biggest uninterrupted package deal of extremely potential greenstone belt geology within the area. Founders is executing probably the most energetic exploration applications within the international junior gold sector and is backed by a strategic partnership with Gold Fields Restricted. The Firm is dedicated to accountable exploration, robust neighborhood engagement, and disciplined capital allocation because it advances Suriname’s subsequent main gold camp.

Determine 1: Antino Gold Undertaking Property Map
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/7574/308296_38597786a43888a1_001full.jpg

Determine 2: Higher Antino Plan Map
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/7574/308296_38597786a43888a1_002full.jpg

Determine 3: Higher Antino Part
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/7574/308296_38597786a43888a1_003full.jpg

Desk 1: Antino Assay Outcomes

Drillhole From (m) To (m) Interval (m) Au (g/t)
FR249 285.00 303.00 18.00 1.04
and 319.00 343.00 24.00 0.36
and 415.00 421.00 6.00 1.62
incl 415.00 417.00 2.00 4.64
and 433.00 461.00 28.00 14.27
FR241 351.00 407.00 56.00 0.40
incl 371.00 381.00 10.00 1.10
FR239 74.00 82.00 8.00 1.67
incl 79.00 81.00 2.00 6.33
and 207.00 224.00 17.00 0.30
FR232 33.60 44.10 10.50 0.64
and 60.60 65.10 4.50 1.03
FR231 0.00 14.10 14.10 0.28
and 45.60 48.60 3.00 6.06
and 138.00 146.00 8.00 0.57
and 209.00 213.00 4.00 0.89

Intervals are down-hole depths. True widths of mineralization are unknown presently primarily based on at the moment out there outcomes and observations. All are diamond drill holes. Interval common grades are calculated with un-capped gold assays, as inadequate drilling has been accomplished to find out capping ranges for higher-grade gold intercepts. Widths are calculated utilizing a 0.10 g/t gold cut-off grade with <5.0 m of inner dilution of zero grade materials, and a minimal composite size of two.0 m. Intervals beneath 3.0 gram-metres are omitted.

Desk 2: Antino Drillhole Places

Gap ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
FR249 817396.33 401071.00 178.06 259.98 -55.31 551.00
FR241 817201.67 400975.67 154.92 245.00 -65.00 452.02
FR239 817246.33 400941.33 167.76 270.00 -65.00 392.00
FR232 817281.00 400790.00 206.18 240.00 -60.30 260.00
FR231 817193.50 400838.00 182.74 240.30 -65.20 350.00

Coordinates are reported in WGS 84 / UTM Zone 21N.

ON BEHALF OF THE BOARD OF DIRECTORS,
Per: “Colin Padget”
Colin Padget
President, Chief Government Officer, and Director

Contact Info
Katie MacKenzie, Vice President, Company Growth
Tel: +1 604 712 1790 | katiem@fdrmetals.com

High quality Assurance and Management
Samples have been analyzed at FILAB Suriname, a Bureau Veritas Licensed Laboratory in Paramaribo, Suriname (a business licensed laboratory below ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm display screen, riffle break up (700 g) and pulverized to 85% passing 88 µm. Samples have been analyzed utilizing a 50 g hearth assay (50 g aliquot) with an Atomic Absorption (AA) end. For samples that return assay values over 5.0 grams per tonne (g/t), one other reduce was taken from the unique pulp and hearth assayed with a gravimetric end. Founders Metals inserts blanks and licensed reference requirements within the pattern sequence for high quality management. Exterior QA-QC checks are carried out at ALS International Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A safe chain of custody is maintained in transporting and storing of all samples. Drill intervals with seen gold are assayed utilizing metallic screening. Diamond drill core is HQ diameter by means of oxide intervals and predominantly NQ diameter in deeper drilling. All samples are half core, break up utilizing a diamond noticed Rock chip samples from outcrop/bedrock are selective by nature and is probably not consultant of the mineralization hosted on the challenge.

Certified Individuals

The technical content material of this information launch has been reviewed and accredited by Michael Dufresne, M.Sc., P.Geol., P.Geo., an impartial certified particular person as outlined by Nationwide Instrument 43-101.

Cautionary Assertion Relating to Ahead-Trying Info
This press launch accommodates “forward-looking info” inside the that means of relevant Canadian securities laws, together with, however not restricted to, statements relating to long run worth creation, the Firm’s prospects, exploration plans, and anticipated drilling outcomes. Ahead-looking info can typically be recognized by phrases comparable to “plans”, “expects”, “is predicted”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” happen or be achieved.

Ahead-looking statements are primarily based on administration’s present expectations and cheap assumptions however are topic to enterprise, market, and financial dangers, uncertainties, and contingencies which will trigger precise outcomes to vary materially from these expressed or implied, together with: common enterprise and financial uncertainties; exploration outcomes; mining business dangers; and different elements described within the Firm’s most up-to-date annual administration dialogue and evaluation. Though the Firm has tried to determine vital elements that would trigger precise outcomes to vary materially, different elements might trigger outcomes to not be as anticipated. There may be no assurance that forward-looking info will show correct, as precise outcomes and future occasions may differ materially from these anticipated. Accordingly, readers shouldn’t place undue reliance on forward-looking info. The Firm doesn’t undertake to replace any forward-looking info besides in accordance with relevant securities legal guidelines. Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

All materials info on Founders Metals may be discovered at www.sedarplus.ca.

The issuer is solely chargeable for the content material of this announcement.



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