Founders Metals Hits 27.0 m of 20.38 g/t Gold in First Step-Out Drilling on New West Zone at Antino

Original announcement by tmx on

Company
Founders Metals Inc.
Ticker
FDR
Exchange
TSX
Region
Suriname
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results
Extracted
2026-09-12 01:42:14 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Founders Metals has reported high-grade gold drill results from its new West Zone at the Antino Gold Project in Suriname. The standout intercept is 27.0 m at 20.38 g/t Au in hole FR251, including a 10.0 m sub-interval at 43.26 g/t Au.

Reasoning: Exceptional high-grade gold intercepts (43.26 g/t) in a new step-out zone demonstrate significant exploration potential.

Positive factors

  • Bonanza intercept of 43.26 g/t Au
  • Significant step-out extension in West Zone
  • High-grade continuity in FR251
  • QA/QC disclosed with certified labs and QP sign-off

Negative factors

  • True width not explicitly stated (estimated at 80% of downhole)
  • Uncapped gold assays used

Facts used in scoring: 11

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole FR251 returned 10.0 m at 43.26 g/t Au, which is exceptionally high grade.

Evidence · table

“43.26”

Context: 10.00

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The results are from first step-out drilling on the new West Zone.

Evidence · text

“First Step-Out Drilling on New West Zone”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions blanks, standards, and certified laboratories (FILAB Suriname, ALS Global).

Evidence · text

“Founders Metals inserts blanks and certified reference standards”

Extracted facts

Stored fact records: 11. Some facts used in scoring do not have a stored record.

Drill Results (11)

FR251Antino · goldGrade: 0.38Grade Unit: g/tIntercept: 17.1 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
0.38
Grade Unit
g/t
Intercept
17.1 m
From
0 m
To
17.1 m
Hole Depth
275 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
FR251:0-17.1
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Low grade intercept at surface.

Evidence · table

“0.38”

Context: 17.10

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 20.38Grade Unit: g/tIntercept: 27 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
20.38
Grade Unit
g/t
Intercept
27 m
From
100 m
To
127 m
Hole Depth
275 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
FR251:100-127
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Exceptional gold intercept in a new zone.

Positive factors

  • Strong grade and width

Negative factors

  • Uncapped assays

Evidence · table

“20.38”

Context: 27.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 43.26Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
43.26
Grade Unit
g/t
Intercept
10 m
From
100 m
To
110 m
Hole Depth
275 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
FR251:100-110
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Extremely high grade sub-interval.

Positive factors

  • Bonanza intercept

Negative factors

  • Uncapped assays

Evidence · table

“43.26”

Context: 10.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 1.22Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
1.22
Grade Unit
g/t
Intercept
6 m
From
137 m
To
143 m
Hole Depth
275 m
Intercept Depth
137 m

Classification

Sample Type
drill
Group ID
FR251:137-143
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Marginal grade intercept.

Evidence · table

“1.22”

Context: 6.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 3.04Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
3.04
Grade Unit
g/t
Intercept
2 m
From
139 m
To
141 m
Hole Depth
275 m
Intercept Depth
139 m

Classification

Sample Type
drill
Group ID
FR251:139-141
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Narrow high-grade sub-interval.

Evidence · table

“3.04”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 0.46Grade Unit: g/tIntercept: 26 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
0.46
Grade Unit
g/t
Intercept
26 m
From
183 m
To
209 m
Hole Depth
275 m
Intercept Depth
183 m

Classification

Sample Type
drill
Group ID
FR251:183-209
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Low grade intercept.

Evidence · table

“0.46”

Context: 26.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR251Antino · goldGrade: 1.37Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
FR251
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
1.37
Grade Unit
g/t
Intercept
5 m
From
184 m
To
189 m
Hole Depth
275 m
Intercept Depth
184 m

Classification

Sample Type
drill
Group ID
FR251:184-189
Mining Method
unknown

Location

Location
West Zone
Easting
815974.5
Northing
400523
CRS
WGS 84 / UTM Zone 21N
Elevation
292.69 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Low grade sub-interval.

Evidence · table

“1.37”

Context: 5.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR250Antino · goldGrade: 1.63Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
FR250
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
1.63
Grade Unit
g/t
Intercept
14 m
From
119 m
To
133 m
Hole Depth
206.03 m
Intercept Depth
119 m

Classification

Sample Type
drill
Group ID
FR250:119-133
Mining Method
unknown

Location

Location
West Zone
Easting
815861
Northing
400498
CRS
WGS 84 / UTM Zone 21N
Elevation
311.42 m
Azimuth
260.09 °
Dip
-50.27 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“1.63”

Context: 14.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR250Antino · goldGrade: 9.86Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
FR250
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
9.86
Grade Unit
g/t
Intercept
2 m
From
124 m
To
126 m
Hole Depth
206.03 m
Intercept Depth
124 m

Classification

Sample Type
drill
Group ID
FR250:124-126
Mining Method
unknown

Location

Location
West Zone
Easting
815861
Northing
400498
CRS
WGS 84 / UTM Zone 21N
Elevation
311.42 m
Azimuth
260.09 °
Dip
-50.27 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Strong grade over narrow width.

Positive factors

  • High grade sub-interval

Evidence · table

“9.86”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR250Antino · goldGrade: 0.47Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
FR250
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
0.47
Grade Unit
g/t
Intercept
7 m
From
174 m
To
181 m
Hole Depth
206.03 m
Intercept Depth
174 m

Classification

Sample Type
drill
Group ID
FR250:174-181
Mining Method
unknown

Location

Location
West Zone
Easting
815861
Northing
400498
CRS
WGS 84 / UTM Zone 21N
Elevation
311.42 m
Azimuth
260.09 °
Dip
-50.27 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Low grade intercept.

Evidence · table

“0.47”

Context: 7.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

FR242Antino · goldGrade: 0.45Grade Unit: g/tIntercept: 13 mView all details
Link to this fact

Identity

Hole ID
FR242
Project
Antino
Commodity
gold
Region
suriname
Reported Region
suriname
Ticker
FDR

Geometry

Grade
0.45
Grade Unit
g/t
Intercept
13 m
From
91 m
To
104 m
Hole Depth
209 m
Intercept Depth
91 m

Classification

Sample Type
drill
Group ID
FR242:91-104
Mining Method
unknown

Location

Location
West Zone
Easting
815694
Northing
400787.5
CRS
WGS 84 / UTM Zone 21N
Elevation
281.44 m
Azimuth
260 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
FILAB Suriname
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
5 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-09T00:00:00.000Z

Reasoning: Low grade intercept.

Evidence · table

“0.45”

Context: 13.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The West Zone is located 1.2 kilometres (km) west of the established Froyo Zone and was first intersected by discovery h"

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.