Business
Formation Metals Announces Marketing Agreements Following Acquisition of the N2 Property in Quebec with a Historical 810,000 oz Gold Resource
VANCOUVER, BC / ACCESS Newswire / March 6, 2025 / Formation Metals ("Formation" or the "Company") (CSE:FOMO), a North American mineral acquisition and explorati
About this update from Formation Metals Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / March 6, 2025 / Formation Metals (\"Formation\" or the \"Company\") (CSE:FOMO), a North American mineral acquisition and exploration company, is pleased to announce that, subject to the approval of the Canadian Securities Exchange (the \"Exchange\"), the Company has entered into following advertising and investor awareness campaigns with RMK Marketing Inc., 1502656 B.C. Ltd., and GoldInvest Consulting GmbH. The engagement of these service providers is key piece of Formation's strategy to bring global visibility to the Company as it strives to establish itself as a leader in the precious metals industry. Formation's CEO, Deepak Varshney, commented: \"2025 has had an exceptional start for Formation Metals following the transformational option agreement to acquire the N2 Gold Property from Wallbridge Mining. With a proven gold system containing almost 900,000 ounces of gold historically, and numerous areas with a high exploration upside, N2 is in the perfect position to support immediate and sustained increases in value.\" Mr. Varshney continued: \"Establishing a strong market presence is a key part of any Company's success and so we intend to complement our exploration programs with comprehensive marketing campaigns. Each of the service providers, bringing their different skills, will help heighten market and brand awareness. The implementation of our comprehensive strategy is to create effective capital market awareness, increase investor engagement, and allow us to connect with existing and new shareholders during what we anticipate will be a very active time for Formation.\" The Company also anticipates unveiling its redesigned corporate website and presentation and other marketing initiatives in the coming weeks as it prepares to launch its 2025 field programs at the N2 Gold Project (\"N2\"). N2 hosts six known zones of gold mineralization (Fig. 2), four of which yielded a historical resource of 18.2 Mt grading 1.48 g/t Au at a cut-off of 0.5 g/t Au (~810,000 oz Au; Cyprus, 1994, non-compliant with NI-43-101 standards)1. A separate historical geological resource estimate (non-compliant with NI 43-101) of 243,000 t grading 7.82 g/t Au (in-situ contained resource of ~67,000 ounces of gold)1 was reported for a fifth zone, the RJ zone, located in the western part of the Property along strike to t...