Formation Metals Expands Exploration at N2 Gold Project

Formation Metals Inc. has announced an expansion of its maiden drill program at the N2 Gold Property in Quebec. The company has increased Phase 1 to a fully-funded 7,500 meters, part of a projected 20,000-meter multi-phase drill program. This program targets the historic gold deposits in zones such as "A" and "RJ," areas known for their significant resource potential.

The N2 project, located 25 kilometers south of Matagami, hosts a global historical resource of approximately 870,000 ounces of gold. Formation Metals has filed the necessary regulatory notice, signaling its commitment to starting exploration by July 2025. The company is also exploring the site's potential for base metals, following encouraging copper and zinc intercepts in historical assays.

Financially, Formation Metals is supported by a working capital of approximately C$2.6 million, ensuring a robust position for executing planned exploration activities. The program will focus on advancing key targets across the Quebec-based properties, with field operations managed by Stratexplo, a consulting firm. This initiative underlines Formation Metals' strategic focus on discovering new gold trends and enhancing existing mineralized zones.