Formation Metals Intersects Gold Just Below Surface at N2 Property in Quebec
Formation Metals (FOMO.CN) said on Tuesday that recent assay results from its N2 property in Quebec intersected gold seven meters below the surface.Hole N2-26-033 returned continuous gold mineralization through almost its first 100 meters, a statement added, intersecting 0.98 grams per tonne (g/t) gold over 95.6 meters."The best grades in this hole are at the very top: 3.14 g/t Au over 10 metres starting seven metres below surface. Gold this close to surface, this thick and this consistent is exactly what open-pit investors look for, and in our view it's what sets N2 apart," said Chief Executive Officer Deepak Varshney.Formation is undertaking a fully funded 75,000-meter drill program at the N2 Property.The company's shares were last seen up CA$0.005 to CA$0.355 on the Canadian Securities Exchange.Price: $0.36, Change: $+0.01, Percent Change: +1.43%
