These results demonstrate Donut's ability to deliver high-grade gold intervals alongside broader, lower grade gold intervals such as the previously reported 45.0 m of 2.16 g/t Au in hole 24DO06. With the success of these early exploration holes, Founders will begin follow-up drilling at Donut early next week.
Drilling and drill composite data associated with these results and all previous 2023/2024 drilling will be available on the Company's website on
Gold-bearing intervals in drill core at Donut comprise zones of intense silicification, sericitization, and pyritization within a variably sheared tonalitic intrusive body. Visible gold is observed locally associated with extensional-type quartz/quartz-carbonate veining.
About
Quality Assurance and Control
Results from samples were analyzed at FILAB Suriname, a
Contact:
Manager
Tel: 403 410 7907
Email: daveb@fdrmetals.com
Director
Tel: 780 701 3216
Email: nicks@fdrmetals.com
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.
(C) 2024 Electronic News Publishing, source