With the July 27th release of impressive initial drill results, average daily trading volumes for Founders Metals jumped by a factor of over seven and the stock price was up 12% as the market digested numbers highlighted by 12 metres (m) core length of 19.22 grams per tonne (g/t) gold (Au) including 3 m of 29.90 g/t Au and 2.65 m of 22.37 g/t Au.
As impressive is what Founders’ team of geologists have been able to accomplish in just four months:
- Purchased & shipped two diamond drill rigs.
- Successfully & quickly navigated logistical challenges.
- Collected over 400 grab samples.
- Completed preliminary structural & bedrock mapping program.
- Commenced drill program on time and on budget with over 2,000 metres of diamond drilling completed.
- Delivered initial drilling results to the market, with assay turn around times of less than two weeks.
All things considered, Founders is on the watch list with more drill results pending from its Antino gold project in Suriname, South America. The company’s market cap is approximately. $14 million.
To learn more about Founders Metals, please click HERE.