In this interview, we welcome back Colin Padget, President and CEO of Founders Metals (TSX.V: FDR – OTC: FDMIF – Frankfurt: 9DL0), to recap a major two-day news release cycle. On June 23rd, the company released a comprehensive mid-year exploration update, followed by the June 24th announcement of a new high-grade gold discovery at the Maria Geralda target.
Key topics discussed:
- Maria Geralda Discovery: A new zone with little to no historic work, now delivering 22.5m of 11.94 g/t Au. Colin explains how this fits into the broader structural trend between Lower Antino and Van Gogh.
- Follow-Up Plans at Maria Geralda: Initial three-hole drill program shows strong results, with more trenching, surface auger work, and step-back drilling planned.
- Lower Antino Update: A potential bulk-tonnage zone showing consistent gold mineralization with room to grow. Colin discusses how this could enhance project economics by providing future mill feed.
- Lawa and Eastside Targets: Early-stage targets like Lawa, Van Gogh, Da Vinci, and Parbo show scale potential with widespread gold-bearing structures; surface work and drilling are ongoing or planned.
- Strategic Prioritization: The company is building around Upper Antino as the “center of gravity,” balancing high-grade hits with bulk-tonnage zones.
- Next Catalysts: Multiple rigs active with at least 60,000 meters planned for the year. Colin outlines where drilling is currently focused and when the next assay results are expected.
If you have any follow up questions or topic you would like Colin to address please email us at Fleck@kereport.com ort Shad@kereport.com.