What does the 53.1m of 1.21 g/t gold from surface at FR217 reveal?

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New Gold Discovery West of Upper Antino Shows Significant Potential

Drill hole FR217 has intersected 53.1 metres of 1.21 grams per tonne of gold from surface in a previously untested area, located 1.2 kilometres west of the Upper Antino target area. This new discovery was identified through a surficial geochemical anomaly and extends more than a kilometre beyond the known mineralized footprint of Upper Antino. The mineralization is associated with a zone of quartz-carbonate veining, pervasive sericite alteration, and up to 10% sulphide within steeply northwest-trending shears. Follow-up drilling is currently underway to explore along strike of this new discovery.
Geological Characteristics of the New Zone

The mineralization encountered in FR217 appears to be linked to a geological setting characterized by quartz-carbonate veining and pervasive sericite alteration. Locally, sulphide content can reach up to 10%, occurring within shear structures that trend northwest. These shears are situated along the contact between two distinct volcanic units, indicating a structural control on gold deposition.
Exploration Strategy and Target Identification

The identification of this new gold zone was guided by an overlapping surficial geochemical anomaly, combined with newly acquired geophysical data. This approach successfully pinpointed an area more than a kilometre away from the established Upper Antino mineralized zone, highlighting the potential for expanding the known mineralized footprint within the Antino land package.
Ongoing Exploration and Future Prospects

Founders Metals Inc. is actively pursuing further exploration at this new discovery. Follow-up drilling is already in progress to assess the mineralized zone along its strike extent. This initiative aims to delineate the potential size and grade of this newly identified gold occurrence.

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What does the 53.1m of 1.21 g/t gold from surface at FR217 reveal?

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