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Formation Metals Inc. ( (TSE:FOMO) ) has provided an announcement.
Formation Metals Inc. has initiated the permitting process for a 5,000-metre diamond drill program at its N2 Gold Property in Quebec, which is fully funded. The project aims to build on the property’s historical gold resource of 877,000 ounces, with potential expansion in multiple mineralized zones. The company is engaging with local First Nations and government officials to commence drilling in June, aiming to capitalize on the current high gold prices and explore the potential for a multi-million-ounce gold deposit.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company, focusing on gold resources. It operates primarily in the mineral-rich regions of Quebec, Canada, with a market focus on expanding gold deposits.
YTD Price Performance: 78.26%
Average Trading Volume: 208,141
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$16.24M
Find detailed analytics on FOMO stock on TipRanks’ Stock Analysis page.