Estimate to Incorporate New Drilling Results and Extensive Historical Data, Targeting Significant Resource Growth Highlights: Formation 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 (~61,000 oz Au) across the RJ zone2,4 . Formation’s Phase 1 drill program was expanded to approximately 14,000 metres based on the results of the fieldwork to-date, which includes the following significant intervals that have material visually comparable to long gold intervals in historical drilling including 245-91-151, which intercepted 1.7 g/t Au over 35.0 metres: 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.
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Brief Summary
Formation Metals is advancing its flagship N2 Gold project in Quebec, working towards a maiden mineral resource estimate. The drill program aims for substantial resource growth, integrating new results with extensive historical data.
- 30,000-metre drill program fully funded.
- Targeting an existing resource of ~871,000 ounces of gold.
- Expanded Phase 1 program to 14,000 metres based on promising findings.
- Key drill results highlight 1.7 g/t Au over 35.0 metres.
- What’s next? More assays to define resource potential.
Why it matters: This resource estimate will be crucial for investors, showcasing the potential growth at the N2 Gold Project.
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