Founders Metals Sees "High-Grade" Gold Potential at Lower Antino
Founders Metals (FDR.V) on Thursday reported high-grade gold results from the Lower Antino Target at its Antino Gold project in Suriname.The result, which include 6.0 meters (m) of 12.95 grams per tonne (g/t) gold is a "significant high-grade" intercept at Lower Antino, the company said. Continued systematic drilling expands the mineralized system along strike, it added."While the system has consistently delivered broad, lower-grade mineralization, this intercept suggests the presence of a higher-grade component - a characteristic we have been actively testing for," said Chief Executive Colin Padget. "Additional drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results into our geological models to better define the geometry and continuity of mineralization as the program advances."Shares of the company were last seen down $0.09 to $4.81 on the TSX Venture Exchange.Price: $4.81, Change: $-0.09, Percent Change: -1.84%
