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Founders Metals - 100% Antino Ownership, Gold Fields Investment, High-Grade Drill Results

The KE Report Aug 21, 2026

Summary

Founders Metals hit 28 meters of 14 g/t gold in a step-out hole at Upper Antino, signaling open-pit mineralization extends below 250 meters depth.

The company consolidated 100% royalty-free ownership of the Antino Gold Project, while Gold Fields raised its strategic stake to 19.9%.

Three parallel NW-SE structural trends host a string of pearls of targets including Upper Antino, Antino West, Maria Geralda, and DaVinci.

Property-wide auger drilling and deep-auger pre-screening identified Antino North, Antino Northeast, and new shear-zone targets across the 100,000-hectare land package.

Four drill rigs are turning with a potential fifth rig coming in fall, advancing both greenfield exploration and step-out drilling on known deposits.

Key points on Gold Fields

  • Gold Fields increased its strategic stake in Founders Metals to 19.9%, signaling confidence in the Antino project's exploration success to date
  • The guest argues the increased investment reflects Gold Fields' view of the Antino property moving forward and Founders Metals' team's ability to unlock its value

Key points on Founders Metals Inc

  • Consolidated 100% ownership of the over 100,000-hectare Antino gold project royalty-free, announced August 19, 2026 ā€” described by the guest as a major structural milestone
  • 70,000-meter drill program ongoing with four company-owned rigs currently turning; the guest expects a potential fifth rig to be added moving into fall 2026
  • Upper Antino returned high-grade extension results including 28m of over 14 g/t gold, 18m of 6 g/t and 10m of 6 g/t, proving out mineralization below the prior 250m drilling envelope
  • New 2026 discoveries at Antino North (initial hole 24m of 2.8 g/t across three structures) and Antino Northeast within the 36,000-hectare concession, with scale compared to Oka West
  • Three parallel NW-to-SE mineralized trends emerging as a 'string of pearls' of deposits across the Antino land package, with the guest suggesting potential ranging from half a million to seven million ounces

Ms. Katie MacKenzie B.Sc.'s takeaways

  • Top takeaway Frames the August 19, 2026 Antino consolidation as a major milestone: 100% ownership of the 100,000+ hectare land package royalty-free, with Gold Fields increasing to a 19.9% stake
  • Argues Antino hosts multiple deposits along regional structures as a 'string of pearls' ranging from half a million to seven million ounces, with substantial value still untapped
  • Sees depth extension below 250m as a key value driver, noting most Ghana shield deposits extend to 1,000m depth and Antino has not yet tested deeper zones
  • Highlights drill flexibility from owning and operating all rigs in-house, with plans to add a fifth drill in fall 2026 to accelerate the 70,000m program
  • Positions Founders as having one of the most prospective, uninterrupted land packages in the shield, citing 10 new discoveries in her two and a half years at the company