Source: Accesswire • Published: • Sentiment: positive • Ticker: FOMTF
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 historical drilling identified high-grade intercepts as high as 51 g/t Au over 0.8 metres.
This excerpt is quoted from the original release. Read the full announcement on Accesswire.
Brief Summary
Formation Metals has reported significant results from its current drill campaign at the Advanced N2 Gold Project. In their latest drill holes, N2-25-003 and N2-25-008, they intercepted remarkable mineralized sections of 152.9 metres and 208.8 metres respectively, reinforcing their open pit model.
- 152.9 metres of mineralized material intersected in N2-25-003.
- Outstanding intercepts near surface further demonstrate the potential of the property.
- Company’s first drill campaign since 2008 focuses on historical high-grade zones.
- Continued exploration could lead to increased investor interest.
- Strong encouragement from past drill results as high as 51 g/t Au over 0.8 metres.
Why it matters: These findings signify a step forward in the development of the N2 Gold Project, possibly leading to substantial economic benefits for investors in Formation Metals.
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