11:09 AM EDT, 05/07/2024 (MT Newswires) -- Founders Metals ( FDMIF ) on Tuesday said it acquired a third diamond drill rig to support its exploration campaign at the Antino Gold Project in southeastern Suriname. The company plans to begin drilling the Buese target in June.

The company also completed the US$6-million work commitment portion of the first stage of its option agreement to acquire up to 75% of the Antino Gold Project in southeastern Suriname. Completing stage one will entitle Founders to acquire 51% of the Antino concessions.

Founders shares were last seen unchanged at C$1.65 on the TSX Venture Exchange.