I have a feeling that in coming years we'll be hearing more of the 'Guiana shield', already hosting 110Moz gold and growing fast
Separated by its brother the West-African Birimian Shield (>275Moz gold !)
Getting some size into this area with a new addition to the portfolio
/1
Separated by its brother the West-African Birimian Shield (>275Moz gold !)
Getting some size into this area with a new addition to the portfolio
/1
Founders Metals will drill the recently acquired & high grade Antino gold project in Suriname
$FDR.V @FoundersMetals
6km from the 1.65Moz Yaou project
IAMGOLD's 13.7Moz Rosebel mine & Newmont's 7Moz Merian mine are some of the mines in the country
High quality neighbors
/2
$FDR.V @FoundersMetals
6km from the 1.65Moz Yaou project
IAMGOLD's 13.7Moz Rosebel mine & Newmont's 7Moz Merian mine are some of the mines in the country
High quality neighbors
/2
The project saw historical (>500Koz) alluvial mining, with a footprint similar to Rosebel & Merian
Alluvial gold mining is often a precursor to major discoveries across the Guiana Shield
Going by earlier drilling and trenching, they're definitely onto something here
👇
/3
Alluvial gold mining is often a precursor to major discoveries across the Guiana Shield
Going by earlier drilling and trenching, they're definitely onto something here
👇
/3
Their focus of the upcoming drill program will be on Upper Antino and Buese
Drills:
-9.6m of 33.25g/t
-62m of 9.59g/t
-4.0m of 34.89g/t
- ...
Trench/channel:
-19m of 21.69g/t
-40m of 4.43g/t
-48m of 2.33g/t
- ...
Results you don't see very often in < $15Mil juniors
/4
Drills:
-9.6m of 33.25g/t
-62m of 9.59g/t
-4.0m of 34.89g/t
- ...
Trench/channel:
-19m of 21.69g/t
-40m of 4.43g/t
-48m of 2.33g/t
- ...
Results you don't see very often in < $15Mil juniors
/4
Upper Antino and Buese show HG gold from surface and seem to be connected
Drilling will be guided by completed modern exploratory work such as airborne LiDAR- & geophysical surveys + mapping of mined pits and surface sampling programs
Details coming soon on drill program
/5
Drilling will be guided by completed modern exploratory work such as airborne LiDAR- & geophysical surveys + mapping of mined pits and surface sampling programs
Details coming soon on drill program
/5
They recently raised over $3Mil so fully funded for this year's exploration and drilling
A low share structure with 41.6M shares out
To boot, shares are tightly held with management owning over 30%
Clearly they share the belief in the growth this asset will generate
/6
A low share structure with 41.6M shares out
To boot, shares are tightly held with management owning over 30%
Clearly they share the belief in the growth this asset will generate
/6
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Cheers, GV
/end
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Cheers, GV
/end
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