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The latest announcement is out from Formation Metals Inc. ( (TSE:FOMO) ).
Formation Metals Inc. announced a 20,000 metre multi-phase drill program at its N2 Gold Project in Quebec, aiming to expand its historic gold resource. The program, starting with a fully funded 5,000 metres, targets new high-potential zones and aims to enhance the project’s resource base significantly. The company anticipates receiving necessary permits soon and believes the timing is ideal given the current gold prices, positioning N2 as a potential multi-million-ounce deposit.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on developing quality properties with high-upside and expansion potential. Its flagship asset is the N2 Gold Project, an advanced gold project in Quebec with a global historic resource of approximately 870,000 ounces.
Average Trading Volume: 225,248
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.46M
Find detailed analytics on FOMO stock on TipRanks’ Stock Analysis page.