Founders Metals Discovers Significant Gold Mineralization at Van Gogh

Founders Metals Inc. has announced promising results from its ongoing drilling program at the Van Gogh site, part of the Antino Gold Project in southeastern Suriname. The latest assay results reveal a substantial intercept of 72.0 meters grading 2.29 grams per tonne (g/t) gold, extending mineralization to a vertical depth of approximately 200 meters.

Key Takeaways

• Drill Hole VG004: Intercepted 72.0 m of 2.29 g/t Au from 177.0 m down hole.
• Previous Results: Follow-up on earlier findings of 28.5 m of 7.12 g/t Au from 18 m down hole.
• Mineralization Depth: Gold mineralization extends from surface to 200 m vertical depth.
• Exploration Commitment: Founders plans to allocate up to 50% of its 2025 drilling budget to high-priority targets.

Overview of the Van Gogh Discovery

The Van Gogh site is emerging as a significant gold discovery, characterized by its high-grade mineralization. The recent drilling results indicate that gold mineralization is not only present at shallow depths but also extends deeper into the fresh rock, suggesting a potentially broadening mineralized interval with depth.

The drilling program has confirmed that the mineralization at Van Gogh is hosted within a subvertical mylonite zone, with estimated true widths ranging from 25 to over 50 meters. This geological setting is conducive to significant gold deposits, as evidenced by the presence of multiple generations of quartz veining and a notable sulphide content.

Geological Insights

• Location: Van Gogh is strategically located 2.0 km from the Lawa site and 3.8 km from the Da Vinci site, forming part of a multi-kilometer northwest-oriented gold trend.
• Mineralization Characteristics: The mineralized zones are characterized by intensely sheared and highly silicified country rock, with intervals containing up to 15% sulphide (primarily pyrite).
• Drilling Strategy: The current drilling strategy focuses on extending the broad, fresh rock gold-bearing intervals identified in VG004, utilizing newly acquired structural and surficial mapping data.

Future Exploration Plans

Founders Metals is committed to advancing its exploration efforts at the Antino Gold Project. With four drills currently operational and a fifth expected to be in use by mid-year, the company is well-positioned to explore additional high-priority targets. The focus for 2025 will be on systematic discovery and expanding upon the successes achieved thus far.

Conclusion

The recent drilling results at Van Gogh underscore the potential of the Antino Gold Project as a tier 1 discovery site. With significant gold mineralization confirmed at depth and a robust exploration strategy in place, Founders Metals is poised to enhance shareholder value through continued exploration and development of this promising gold asset.

Sources

• Founders Metals Hits 72.0 m of 2.29 g/t Gold at Van Gogh; Extends Mineralization from Surface to 200 m Vertical Depth, Junior Mining Network.