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Formation Metals Inc. ( (TSE:FOMO) ) has issued an update.
Formation Metals Inc. has announced the filing of its 30-day notice for the commencement of a 20,000-metre multi-phase drill program at its N2 Gold Project in Quebec, slated to begin in summer 2025. This exploration initiative is fully funded and aims to expand the project’s historical resource, with a focus on high-potential targets in the ‘A’, ‘RJ’, and ‘Central’ zones. The program is expected to enhance the project’s resource base and potentially grow the N2’s historical resource into a multi-million-ounce deposit, capitalizing on the current high gold prices.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company, focusing on the exploration of gold and base metals. The company’s flagship project is the N2 Gold Project located in Quebec, which is part of the Abitibi Greenstone Belt, a region known for its rich gold mining history.
Average Trading Volume: 237,436
Technical Sentiment Signal: Hold
Current Market Cap: C$13.47M
For a thorough assessment of FOMO stock, go to TipRanks’ Stock Analysis page.