Founders Metals - $50M Gold Fields Investment, Expanded Land Package, >60,000M Of Drilling
In this company update, we welcome back Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC:FDMIF - FSE:9DL0).
Colin discusses the details behind the recent $50 million strategic investment from Gold Fields and the company’s acquisition of an additional 36,000 hectares at the Antino Gold Project. The conversation covers the technical collaboration with Gold Fields and the company's shift toward a district-scale exploration approach, prioritizing the identification of multiple mineralized centers over immediate resource definition.
Key Discussion Points:
- Gold Fields Transaction: Details on how the investment was structured, the technical due diligence process, and the collaborative approach to exploration in the Guiana Shield.
- Land Package Expansion: An overview of the new 36,000-hectare acquisition and the systematic exploration plans, including the use of Lidar and geophysics to identify new targets.
- Exploration Strategy: The rationale behind prioritizing drilling for scale and discovery (targeting 5-10+ million ounces) versus moving directly to a resource estimate on current targets.
- Drill Program Updates: Current status and exploration plans for Upper and Lower Antino, as well as regional targets including Van Gogh, Da Vinci, and Maria Geralda.
If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com.
Click here to visit the Founders Metals website
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