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Formation Metals Further Validates Open Pit Potential at N2 Gold Project: Intersects Over 100 Metres of Near Surface Target Mineralization in Three New Drillholes
Highlights: Significant mineralized sections were intercepted in N2-25-006, N2-25-009 and N2-25-011 drilled in the "A" zone, where the Company is targeting a multi-million ounce conceptual open-pit resource; the Company's maiden drill program is focused ...
About this update from Formation Metals Inc.
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Significant mineralized sections were intercepted in N2-25-006, N2-25-009 and N2-25-011 drilled in the "A" zone, where the Company is targeting a multi-million ounce conceptual open-pit resource; the Company's maiden drill program is focused on assessing the first three hundred metres vertical.","length":309,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"N2-25-006: 102.6 metres of target mineralization intercepted beginning at 15.3 metres downhole, with multiple intervals over 10 metres in width including up to 23.4 metres.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"N2-25-009: 135.7 metres of target mineralization intercepted beginning at 23.3 metres downhole, with multiple intervals over 30 metres in width including up to 43.4 metres.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"N2-25-011: 166.8 metres of target mineralization intercepted beginning at 60.0 metres downhole, with multiple intervals over 20 metres in width including up to 70.6 metres.","length":172,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":516,"olType":false},{"type":"text","content":"The intense quartz-carbonate veining and sulfide mineralization (pyrite/arsenopyrite) in sheared and brecciated zones observed visually is directly comparable to the material that yielded long gold intervals in historical drilling including 245-91-151, which intercepted 1.7 g/t Au over 35.0 metres.","length":299,"tagName":"p"}]},{"val":[{"type":"text","content":"N2-25-003 and N2-25-008 build on the Company's findings at N2-25-001 and N2-25-013, where the Company identified visible gold including within a 30.8 metre interval (see press release dated November 26, 2025) and N2-25-003 and N2-25-008, where the Company identified 152.9 and 208.8 metres of similar shallow target mineralization (see press release dated December 2, 2025).","length":378,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company is undertaking a fully funded 30,000 metre drill program at its flagship N2 Gold Project in Quebec, 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....