# Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/founders-metals-makes-first-discovery-at-antino-north-drills-17-22-g-t-au-over-3--2315b4dd-6ace-41a9-a133-a116b485ddb3

Original source: https://money.tmx.com/en/quote/FDR/news/8902662662966536/founders-metals-makes-first-discovery-at-antino-north-drills-17-22-g-t-au-over-3

Publisher: tmx

Original announcement: 2026-04-02T10:45:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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 03:55:08 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Founders Metals has announced its first gold discovery at the Antino North area of the Antino Gold Project in Suriname. The first drillhole \(AN001\) returned a high-grade intercept of 17.22 g/t Au over 3.6 m within a broader 24.6 m interval at 2.81 g/t Au.

Reasoning: First drillhole at Antino North returned an exceptional 17.22 g/t Au intercept, confirming a new high-grade discovery in a highly prospective area.

- Positive factor: exceptional gold grade

- Positive factor: first discovery at Antino North

- Positive factor: district-scale potential

- Positive factor: QA/QC disclosed

- Negative factor: true width unknown

- Negative factor: un-capped assays

Facts used in scoring: 3

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

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

Why it applies: 17.22 g/t Au is exceptionally high for an orogenic gold deposit.

Evidence · text

> 17.22 grams per tonne \(g/t\) gold \(Au\) over 3.6 metres \(m\)

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: Release details laboratory \(FILAB, ALS\), QA/QC methods \(blanks, standards, duplicates\), and QP sign-off.

Evidence · text

> Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control.

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True widths are explicitly stated as unknown.

Evidence · text

> True widths of mineralization are unknown at this time

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: First drillhole in the Antino North area, representing a new discovery/extension of the project footprint.

Evidence · text

> first-ever drillhole in the Antino North area

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### AN001

[Link to this fact](https://atlas-extractions.minestarters.com/news/founders-metals-makes-first-discovery-at-antino-north-drills-17-22-g-t-au-over-3--2315b4dd-6ace-41a9-a133-a116b485ddb3#fact-drill-facts-0)

Antino North · gold

#### Identity

- Hole ID: AN001
- Project: Antino North
- Commodity: gold
- Region: suriname
- Reported Region: suriname
- Ticker: FDR

#### Geometry

- Grade: 2.81
- Grade Unit: g/t
- Intercept: 24.6 m
- From: 1.5 m
- To: 26.1 m
- Hole Depth: 260 m
- Intercept Depth: 1.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: AN001:1.5-26.1
- Mining Method: underground

#### Location

- Easting: 813830
- Northing: 420168
- Elevation: 149.52 m
- Azimuth: 110 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: FILAB Suriname \(Bureau Veritas\) and ALS Global Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-02T00:00:00.000Z

Reasoning: Strong discovery interval in the first drillhole of the area.

- Positive factor: broad interval

- Negative factor: un-capped assays

Evidence · table

> 2.81

Context: 24.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au Found"

### AN001

[Link to this fact](https://atlas-extractions.minestarters.com/news/founders-metals-makes-first-discovery-at-antino-north-drills-17-22-g-t-au-over-3--2315b4dd-6ace-41a9-a133-a116b485ddb3#fact-drill-facts-1)

Antino North · gold

#### Identity

- Hole ID: AN001
- Project: Antino North
- Commodity: gold
- Region: suriname
- Reported Region: suriname
- Ticker: FDR

#### Geometry

- Grade: 17.22
- Grade Unit: g/t
- Intercept: 3.6 m
- From: 1.5 m
- To: 5.1 m
- Hole Depth: 260 m
- Intercept Depth: 1.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: AN001:1.5-5.1
- Mining Method: underground

#### Location

- Easting: 813830
- Northing: 420168
- Elevation: 149.52 m
- Azimuth: 110 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: FILAB Suriname \(Bureau Veritas\) and ALS Global Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-02T00:00:00.000Z

Reasoning: Exceptional high-grade gold intercept.

- Positive factor: Bonanza Intercept

Evidence · table

> 17.22

Context: 3.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au Found"

### AN001

[Link to this fact](https://atlas-extractions.minestarters.com/news/founders-metals-makes-first-discovery-at-antino-north-drills-17-22-g-t-au-over-3--2315b4dd-6ace-41a9-a133-a116b485ddb3#fact-drill-facts-2)

Antino North · gold

#### Identity

- Hole ID: AN001
- Project: Antino North
- Commodity: gold
- Region: suriname
- Reported Region: suriname
- Ticker: FDR

#### Geometry

- Grade: 0.44
- Grade Unit: g/t
- Intercept: 13.5 m
- From: 54.6 m
- To: 68.1 m
- Hole Depth: 260 m
- Intercept Depth: 54.6 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: AN001:54.6-68.1
- Mining Method: underground

#### Location

- Easting: 813830
- Northing: 420168
- Elevation: 149.52 m
- Azimuth: 110 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: FILAB Suriname \(Bureau Veritas\) and ALS Global Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-02T00:00:00.000Z

Reasoning: Low grade intercept.

Evidence · table

> 0.44

Context: 13.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au Found"

## 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.