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Formation Metals Intercepts 152.9 and 208.8 metres of Target Mineralization Near Surface at the Advanced N2 Gold Project, Strengthening Open Pit Model
Highlights: Significant mineralized sections have been intercepted within N2-25-003 and N2-25-008, drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone where ...
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 have been intercepted within N2-25-003 and N2-25-008, drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone where historical drilling identified high-grade intercepts as high as 51 g/t Au over 0.8 metres.","length":360,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"N2-25-003: 152.9 metres of target mineralization was intercepted beginning at 23.1 metres downhole, with multiple intervals over 30 metres in width up to 37.9 metres.","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"N2-25-008: 208.8 metres of target mineralization was intercepted beginning at 28.6 metres downhole, with multiple intervals over 40 metres in width including up to 70.0 metres.","length":176,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":342,"olType":false},{"type":"text","content":"The intense quartz-carbonate veining, silicification, and sulfide mineralization (pyrite/arsenopyrite) observed visually in the core of N2-25-003 and N2-25-008 are directly comparable to the material that yielded long gold intervals in historical drilling within these zones including 245-91-151, which intercepted 1.7 g/t Au over 35.0 metres.","length":343,"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).","length":213,"tagName":"p"}]},{"val":[{"type":"text","content":"Formation is targeting a multi-million ounce resource in a combination of conceptual open-pit and underground mining scenarios; the Company's maiden drill program is focused on assessing the first three hundred metres vertical.","length":231,"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 7.82 g/t Au (~6...