Formation Metals Unveils Significant Gold Discoveries at N2 Project

Formation Metals has reported promising results from its ongoing drilling campaign at the N2 Gold Project in Quebec, noting visible gold in two of the first thirteen drill holes. The notable discovery includes a 30.8-metre interval of pyrite mineralization in the "A" and "RJ" zones. This is Formation's first drilling activity at N2 since 2008.

The Vancouver-based company is pursuing a fully funded 30,000-metre drilling program across its flagship project. The N2 site holds a historically documented resource of approximately 871,000 ounces of gold. Phase 1, comprising 10,000 metres, began on September 25, 2025, targeting the shallow "A" zone, known for its historic gold presence.

Formation Metals remains well-capitalized with around C$13.7 million in working capital and no debt, aiming further exploration through 2026 with an $8.1 million budget inclusive of provincial tax credits.