Formation Metals Announces Multi-Phase Drill Program for N2 Gold Project

Formation Metals Inc. has filed a 30-day notice for its 2025 exploration activities at the N2 Gold Project in Quebec. The company plans a 20,000-metre multi-phase drill program. The project hosts a historic resource of approximately 870,000 ounces of gold.

Phase 1 involves a fully funded 5,000-metre program targeting the "A" and "RJ" zones, focusing on expanding and discovering new mineralization. The program aims to unlock additional gold resources and identify potential copper and zinc deposits within historic drilling results.

Formation's stable financial position, with a working capital of about C$2.8 million, supports its exploration plans. Stratexplo, an exploration consulting firm, will manage field operations, with work commencing upon receiving the necessary exploration permit.