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Formation Metals Drills 1.75 g/t Au over 30.4 Metres Including 3.51 g/t Au over 10.5 Metres at the Advanced N2 Gold Project
Highlights: N2-25-005: 0.91 g/t Au over 42.3 metres beginning at 14.0 metres downhole, 9.9 metres vertical. Highlight intervals include 2.04 g/t Au over 8.1 metres and 1.31 g/t Au over 11.4 metres. N2-25-012: 1.75 g/t Au over 30.4 metres beginning ...
About this update from Formation Metals Inc.
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"N2-25-005: 0.91 g/t Au over 42.3 metres beginning at 14.0 metres downhole, 9.9 metres vertical. Highlight intervals include 2.04 g/t Au over 8.1 metres and 1.31 g/t Au over 11.4 metres.","length":185,"tagName":"p"}]},{"val":[{"type":"text","content":"N2-25-012: 1.75 g/t Au over 30.4 metres beginning at 64.1 metres downhole, 45.3 metres vertical. Highlight intervals include 3.51 g/t Au over 10.5 metres and 19.2 g/t Au over 0.51 metres.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Wide, continuous near-surface intercepts validate the findings of the historical drilling, significantly enhancing confidence in the geological model and reducing technical risk for future development. N2 is host to a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4.","length":439,"tagName":"p"}]},{"val":[{"type":"text","content":"The assay results provide strong evidence for identifying further near-surface gold-bearing mineralization along strike and at depth, with N2-25-005 and N2-25-012 tracing a continuous mineralized zone nearly 100 metres apart that suggests excellent potential for an open pit resource. The drilling campaign has returned results exceeding historical averages, demonstrating both improved grade continuity and shallow mineralization.","length":431,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1242,"olType":false},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 12, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce initial results for the first four drillholes of its on-going fully funded 14,000 metre drill program at its flagship N2 Gold Property ("N2" or the "Property"), located 25 km south of Matagami, Quebec. The Company has working capital of ~C$12.1M with zero debt.","length":527,"tagName":"p"},{"type":"text","content":"The Company's drilling campaign has outperformed expectations, confirming exceptional grade continuity and delivering str...