Formation Metals Initiates Drill Program at N2 Gold Project

Formation Metals Inc. has launched a 10,000-metre drilling program at its N2 Gold Project in Quebec. The project boasts an historic resource of approximately 870,000 ounces of gold. The program focuses on the "A" and "RJ" zones, known for continuous gold deposits and high-grade historical intercepts, respectively.

With a budget of approximately C$5.7 million, aided by Quebec government tax credits, Formation Metals is leveraging its strong financial position and zero debt to capitalize on the project. Current gold prices enhance the project's potential return, as previous exploration by Agnico Eagle Mines occurred when gold was valued significantly lower.

The company has also identified base metal potential in the project, citing promising copper and zinc intercepts from previous drill holes. This highlights the multifaceted prospects for development at N2.