Formation Metals Reveals Promising Mineralization at N2 Gold Project

Formation Metals Inc. has reported significant mineralized intercepts from its ongoing drilling at the N2 Gold Project in Quebec. The first phase of the comprehensive 30,000-meter drill program has identified substantial mineralization in zones "A" and "RJ."

Drillhole N2-25-003 revealed 152.9 meters of mineralization, while N2-25-008 showed 208.8 meters. These results underscore the potential for a large-scale open-pit development. The company is pursuing a multi-million-ounce resource through open-pit and underground mining scenarios.

The project has a historical resource base of approximately 871,000 ounces of gold. The ongoing program aims to refine this estimate and evaluate new mineralization zones. Formation's strong financial position, with C$13.5M in working capital, supports these exploration efforts.