on Formation Metals (CVE:FOMO)
Formation Metals Reports Significant Gold Mineralization at N2 Project
Formation Metals Inc. announced significant findings from its ongoing drilling campaign at the N2 Gold Project in Quebec. The company reported visible gold in drill holes N2-25-001 and N2-25-013, with gold intercepted in quartz-carbonate veining, a hallmark of historical mineralization.
The campaign, the first since 2008, is part of a 30,000-meter drill program targeting high-grade zones identified in past exploration. This effort corroborates the potential for high-grade deposits within the "A" and "RJ" zones, boasting historical estimates of 522,900 ounces of gold at 1.52 g/t Au and 61,100 ounces at 7.82 g/t Au, respectively.
Formation Metals remains well-funded, with C$13.7M in working capital, as it aims to develop N2 into a valuable gold resource, capitalizing on the current gold market conditions.
R. E.
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