Figure 1: Froyo Zone Plan Map with Drillhole Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/219239_e508c38ab46ba928_001full.jpg
Figure 2: Vertical Section of Froyo Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/219239_e508c38ab46ba928_002full.jpg
Table 1: Assay Results
Hole IDFrom (m)To (m)Core Length* (m)Au (g/t)24FR0766.609.603.002.98and180.00184.004.000.60and300.00303.003.0010.2024FR073152.00187.0035.002.3724GG013133.00177.0044.002.05including153.00164.0011.005.73and202.00209.007.003.62and372.00376.894.890.5524GG007198.00206.008.001.9224GG006186.00216.0030.002.7724GG005149.00151.002.002.5223GG002197.00206.309.303.39
*Intervals are estimated to represent 85% or more of true width based on current drill data
Table 2: Drill Hole Locations
Hole IDEasting* (m)Northing* (m)Elevation (m)Azimuth (°)Dip (°)Depth (m)24FR076817198.8401182.2157.3250.0-65.0350.124FR073817063.2401147.6157.0248.8-51.0221.124GG013817073.8401218.0182.2245.0-55.0377.024GG007817017.1401194.1178.6238.9-60.6251.224GG006817017.0401193.9178.7233.9-52.5233.124GG005817000.0401151.5171.1240.1-75.1272.023GG002816877.2401027.7167.652.3-52.4226.5
*The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
All material information on Founders Metals can be found at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219239
SOURCE: Founders Metals Inc.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66b4bc0168f840dcad6a20a111027639&url=https%3A%2F%2Fwww.finanznachrichten.de%2Fnachrichten-2024-08%2F62947098-founders-metals-inc-froyo-continues-to-grow-founders-metals-hits-44-0-m-of-2-05-g-t-au-in-65-m-step-out-296.htm&c=146769617311200788&mkt=en-us
Author :
Publish date : 2024-08-08 00:39:00
Copyright for syndicated content belongs to the linked Source.
