TEAKO MINERALS CORP. (CSE: TMIN) (the 'Company' or 'Teako') is delighted to announce the appointment of Vic Fitch (MBA, CPA, CGA) as the Vice President of Finance.
This appointment marks a strategic initiative, as it paves the way for Mr. Fitch to smoothly transition into the role of Chief Financial Officer as he is set to succeed Dan Martino in the forthcoming months. Concurrently, the Company is pleased to welcome Carla Bennett as the new Corporate Secretary. Additionally, Teako announces the departure of Rob Duncan and Sylvain Laberge from the Special Advisory Board.
Teako extends its sincere gratitude to Rob Duncan and Sylvain Laberge, for their contributions and wishes them success in their future endeavors.
Vic Fitch is a seasoned financial executive with 35 years of experience in strategic leadership and financial management. He has served in senior financial roles with businesses operating in numerous jurisdictions including, Canada, USA, Mexico, Europe, Australia, the Middle East, and China. He has been involved in taking several private companies public, leading organizations through significant organic growth and growth through mergers and acquisitions, as well as divestitures and business sales. He holds an MBA with a Finance Concentration from the Haskayne School of Business, University of Calgary, and is a Certified General Accountant and Chartered Professional Accountant. His expertise includes financial planning and analysis, public financial reporting, multi-currency consolidations, forecasting, and credit and equity financings. Mr. Fitch also holds experience in managing boards and committees, strategic partnerships, contract negotiations, and stakeholder relationships.
Carla Bennett previously worked as an Executive Assistant for 20 years in Real Estate in West Vancouver, where she was born and raised. Carla became a licensed Realtor for 14 years after graduating from the Sauder School of Business at UBC. Previously she worked as a corporate office manager for a business consulting and technology services company, overseeing an office of well over 100 employees.
Chief Executive Officer, Sven Gollan, comments, 'As we embark on Teako's exciting new chapter in 2024, Vic Fitch and Carla Bennett will play important roles in shaping our company's future. Leveraging their extensive experience and shared passion for business development, they are poised to contribute significantly to our dedicated team, driving value for our shareholders. I would also like to extend my gratitude to Rob Duncan and Sylvain Laberge for their contributions and wish them success in their future endeavors.'
The Company also announces the implementation of a Virtual Office model. This strategic decision has been made to enhance cost efficiency and accommodate its geographically diverse team, which spans multiple countries. Considering this transition, please note the change in the Company's official address, effective immediately, as detailed below:
About Teako Minerals Corp.
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Canada, Norway & Finland exploring for gold, copper, and cobalt. The adoption of technologies such as the SCS Exploration Product aligns with its strategy to remain at the forefront of the rapidly evolving mining industry.
Contact:
Tel: +43 5522 500429
Email: sven.gollan@teakominerals.com
Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as 'will,' 'may,' 'would,' 'expect,' 'intend,' 'plan,' 'seek,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'likely,' 'could' and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako's interim Management's Discussion and Analysis dated October 31, 2023. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Founders Metals Commences 2024 Drilling Campaign: Drills 10.0 m of 24.61 g/t Au in the Froyo Gold Zone
Vancouver, British Columbia - January 12, 2024 - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ('Founders' or the 'Company') announces the start of its 2024 drilling campaign and provides drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports a high-grade gold interval of 10.0 metres (m) of 24.61 grams per tonne (g/t) gold (Au) from resource infill/expansion-type drilling conducted in late 2023 within the Froyo Gold Zone. Founders is fully funded for an initial 2024 drill program of up to 30,000 m.
Highlights: Drillhole 23FR036B intercepts 10.0 m of 24.61 g/t Au from 182 m down hole
Drillhole 23FR035 intercepts 15.0 m of 1.72 g/t Au from 164 m down hole
Both Company-owned diamond drills are fully operational with planning underway for the addition of a third drill
Colin Padget, CEO and President of Founders Metals stated, 'We are pleased to announce that our two company-owned diamond drills are now fully operational for 2024, enhancing our drilling efficiency and capacity. With our exploration program accelerating, we're happy to maintain fast lab turnaround times and anticipate a steady news flow of drill results every two to three weeks. The pending results from hole 45 are particularly exciting as, from visual observation, we expect them to contribute substantially to the parallel gold zone within the Froyo Gold Zone, further underlining our project's potential.'
Founders' 2024 drilling program is underway, deploying its two diamond drills for an extensive 30,000-metre campaign at the Antino Gold Project. The program focuses on expansion and resource definition within the Froyo Gold Zone coupled with exploration across previously uncharted concessions areas. This strategy aims to fortify the potential future resource base at Froyo and capitalize on the project's broader untapped potential. Initial drilling at Froyo focuses on the recently announced parallel gold zone, with drilling underway that tests this new zone further to depth and along strike.
Founders Metals will present at the Metals Investor Forum in Vancouver on January 19th & 20th and welcomes visitors to its booth during the event.
About Founders Metals Inc.
Founders Metals is a Canadian exploration company operating in North and South America. The Company is focused on acquiring and advancing gold projects in the South American Guiana Shield. Its flagship project is the 20,000-ha Antino Gold Project in Suriname. Exploration work on the project includes over 30,000 m of historical drilling, 35,000 gold-in-soil auger samples, property-wide aeromagnetic survey data, and a 2022 LiDAR survey. Antino is the most advanced gold exploration project in Suriname; within an area where historical surface/alluvial gold mining has produced over 500,000 gold ounces to date1.
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrancois, BSc, P.Geo.
Quality Assurance and Control
Reported intervals are core length and estimated to represent 85% or more of the true width based on current drill data. Intervals are calculated using 5 m minimum widths, up to 5 m internal dilution, and a 0.3 g/t Au cut-off grade. Gold assays are uncapped in interval calculations as drilling is insufficient to determine capping levels for higher-grade gold intercepts.
Results from samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 -microm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 10.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
Contact:
Colin Padget
President, Chief Executive Officer, and Director
Tel: 403 410 7907
Email: daveb@fdrmetals.com
Nick Stajduhar
Tel: 780 701 3216
Email: nicks@fdrmetals.com
FOUNDERS METALS INC. 
