Highlights: Visible gold has been observed in drillhole N2-226-24. N2-26-24, advanced as part of extensional drilling, is a 400 metre step-out to the of N2-25-007, N2-25-008 and N2-25-010, where the Company identified 1.3 g/t Au over 22.2 metres, 0.95 g/t Au over 61.1 metres, and 1.43 g/t Au over 19.4 metres.
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Brief Summary
Formation Metals has made significant strides in its exploration efforts by successfully advancing drilling at the A-Zone. The latest drillhole N2-226-24 has revealed visible gold, bolstering the potential for substantial mineral yields. This 400 metre step-out drill program is part of a fully funded 30,000 metre campaign designed to explore further along strike.
- Visible gold reported in drillhole N2-226-24.
- Drilling extends 400 metres beyond previous drill locations (N2-25-007, N2-25-008, N2-25-010).
- Previous findings include 1.3 g/t Au over 22.2 metres and 1.43 g/t Au over 19.4 metres.
- A fully funded drill program will continue to explore the area.
Why it matters: This expansion could potentially increase the company’s resource estimation and attractiveness to investors.
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