Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) has released assay results from the Upper Antino–Froyo Zone at its Antino Gold Project in southeastern Suriname, with drill hole FR256 returning 54.0 metres of 8.45 g/t gold from 303.0 metres depth. The intercept comes from a second, parallel high-grade structure approximately 100 metres east of the zone reported in FR249 in August 2026. The results point to expanding scale at the Froyo Zone and may attract investor attention as step-out drilling continues through the balance of 2026.

Key Points

  • Founders Metals Inc. (TSXV: FDR / OTCQX: FDMIF / FSE: 9DL0)
  • Drill hole FR256 returned 54.0 m of 8.45 g/t Au, including 24.0 m of 17.42 g/t Au, from a parallel structure 100 m east of previously reported FR249 results
  • 16 holes totalling 5,809 m reported in this release; shallow hole FR264 returned 16.5 m of 4.21 g/t Au from 30.6 m
  • Investors may watch for further step-out results as drilling on both structures is planned for the remainder of 2026

FR256 Defines a Second High-Grade Corridor at the Froyo Zone

Drill hole FR256 intersected 54.0 metres of 8.45 g/t gold from 303.0 metres, including a higher-grade core of 24.0 metres at 17.42 g/t gold, within a structure running roughly 100 metres across strike from the FR249 zone. The same hole also extended the FR249 zone approximately 75 metres down-dip, returning 11.0 metres of 3.59 g/t gold from 464.0 metres. The mineralisation is hosted in steeply dipping, northwest-trending shears associated with quartz-carbonate veining, pervasive sericite alteration, and sulphide minerals, consistent with gold occurrences elsewhere at the Froyo Zone.

Near-Surface and Multi-Zone Intercepts Broaden the Antino Target

Beyond the headline FR256 result, the release highlights near-surface oxide mineralisation from FR264, which returned 16.5 metres of 4.21 g/t gold from just 30.6 metres depth. Companion hole FR252, drilled from the same pad as FR256, intersected multiple gold-bearing shears, including 4.0 metres of 10.22 g/t gold from 291.0 metres, 14.0 metres of 1.41 g/t gold from 319.0 metres, and 14.0 metres of 4.22 g/t gold from 401.0 metres. The company states the Froyo Zone remains open along strike and at depth, with 16 holes totalling 5,809 metres reported in this announcement.

Stock Options and RSUs Granted Under Omnibus Incentive Plan

Alongside the drilling update, Founders Metals announced the grant of 115,000 stock options and 74,725 restricted share units to officers and employees under its Omnibus Long-Term Incentive Plan. The options are exercisable at C$8.20 per share and expire five years from the grant date. The options and 43,375 of the RSUs vest over three years in equal annual instalments, while the remaining 31,350 RSUs vest on the first anniversary of the grant date. The immediate share price impact was not clear from available public information.