Formation Metals Initiates Drill Program at N2 Gold Property

Formation Metals Inc. has started the permitting process for a 5,000-metre diamond drill program at its N2 Gold Property, located near Matagami, Quebec. Positioned within the Casa Berardi trend, this property holds historical gold reserves totaling 877,000 ounces. The program focuses on the "A" and "RJ" zones for exploration.

The "A" zone presents a historic deposit with numerous gold intervals, while the "RJ" zone is notable for high-grade intercepts previously recorded. Both zones remain open for further exploration. The company targets launching the maiden drilling program in June, following discussions with local First Nations and government officials.

Formation Metals aims to capitalize on current gold market conditions, with prices significantly higher than during the last exploration phase. The company sees potential for expanding the gold resource to over three million ounces at the N2 site through systematic drilling efforts.