Significant mineralized sections were intercepted in N2-25-006, N2-25-009 and N2-25-011 drilled in the "A" zone, where the Company is targeting a multi-million ounce conceptual open-pit resource; the Company's maiden drill program is focused on assessing the first three hundred metres vertical. N2-25-006: 102.6 m of target mineralization intercepted beginning at 15.3 m downhole, with multiple intervals over 10 m in width [...]
Significant mineralized sections have been intercepted within N2-25-003 and N2-25-008, drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone where historical drilling identified high-grade intercepts as high as 51 g/t Au over 0.8 metres. N2-25-003: 152.9 metres of target mineralization was intercepted beginning at 23.1 metres [...]
Highlights: Visible gold observed in two of the first thirteen drill holes including within a 30.8 metre interval drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone where historical drilling identified high-grade intercepts as high as 51 g/t Au over 0.8 metres2. The Company is undertaking a fully funded 30,000 metre drill [...]
Highlights: Visible gold observed in two of the first thirteen drill holes including within a 30.8 metre interval drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone where historical drilling identified high-grade intercepts as high as 51 g/t Au over 0.8 metres2. The Company is undertaking a fully funded 30,000 metre drill [...]
Formation Metals is pleased to announce that, further to its news releases of Sept 30, Oct 1 and Oct 15, 2025, it has closed the second tranche of its private placement, raising $8,456,619.81 in gross proceeds through the issuance of 17,837,838 units at $0.37 per LIFE Unit and 4,528,341 flow-through units at $0.41 per FT Unit. Following the closing of the second tranche, the Company has working capital of ~C$12.7M with [...]
Formation has closed $8,262,389.48 in gross proceeds, fully funding its planned 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1, consisting of 10,000 metres, commenced on September 25, 2025. Phase 1 will [...]
Formation has planned a 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 oz comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1, consisting of a fully funded 10,000 m, commenced on Sept 25, 2025. Phase 1 will target the "A" zone, a shallow, highly continuous [...]
Highlights: Formation has planned a 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1, consisting of a fully funded 10,000 metres, commenced on September 25, 2025. Phase 1 will target the "A" zone, a shallow [...]
Highlights: Formation has planned a 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1, consisting of a fully funded 10,000 metres, commenced on September 25, 2025. Phase 1 will target the "A" zone, a shallow [...]
Highlights: Formation has commenced a fully funded 10,000 metre multi-phase drill program at its flagship N2 Gold Project near Matagami, Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.5 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1 will target the "A" zone, a shallow, highly continuous, low-variability historic gold deposit with [...]
Highlights: Formation has planned a 20,000 metre multi-phase drill program at its flagship N2 Gold Project near Matagami, Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1 is a fully funded 10,000 metre program focusing on targets in the "A" zone, a shallow, highly continuous [...]
Highlights: Formation has planned a 20,000 metre multi-phase drill program at its flagship N2 Gold Project near Matagami, Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Phase 1 has been expanded to a fully funded 10,000 metre program focusing on targets in the "A" zone, a shallow, highly [...]
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