Formation Metals Accelerates Drilling at N2 Gold Project With Second Rig

Formation Metals Inc. ( (TSE:FOMO) ) has provided an announcement.

Formation Metals has mobilized a second drill rig to its N2 Gold Property in Quebec to accelerate a fully funded 30,000-metre drill campaign, with Phase 1 comprising 14,000 metres aimed at resource confidence, expansion and metallurgical work. Backed by C$12.1 million in working capital and an $8.1 million exploration budget, the company is targeting a maiden open-pit mineral resource estimate in Q3, after already completing 4,743 metres of drilling that show promising shallow, wide mineralized intervals at the A and RJ zones.

The campaign focuses on systematically testing over eight kilometres of strike across priority zones, leveraging historic drilling that outlines a global historic resource of about 871,000 ounces of gold. Early visual results, which the company says compare favourably with past long gold intervals, suggest potential to grow and upgrade resources at N2, underlining the project’s importance as Formation’s core growth driver and a key asset in the Abitibi gold belt.

More about Formation Metals Inc.

Formation Metals Inc. is a North American mineral acquisition and exploration company focused on advancing its flagship N2 Gold Project in the Abitibi subprovince of northwestern Quebec. The project hosts a sizable historic gold resource across multiple zones, positioning the company within the exploration-stage gold sector with an emphasis on near-surface, potentially open-pittable mineralization.

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