# Formation Metals drills 0.98 g/t gold over 95.6 metres at N2 Project, Quebec Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/formation-metals-drills-0-98-g-t-gold-over-95-6-metres-at-n2-project-quebec--30585464-44c3-4404-8a6f-2fe03ee5ff83 Original source: https://resourceworld.com/formation-metals-drills-0-98-g-t-gold-over-95-6-metres-at-n2-project-quebec/ Publisher: resourceworld Original announcement: 2026-09-22T17:51:15.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Formation Metals Inc. - Ticker: FOMO - Exchange: Unavailable - Region: Quebec - Primary commodity: Gold - Secondary commodities: Copper, Zinc - Document categories: Resource update, Drill results - Extracted: 2026-09-23 20:17:23 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Formation Metals reported significant gold drill results from its N2 Project in Quebec, specifically hole N2-26-033 which extended the A-Zone mineralization northward beyond historical limits. The hole returned continuous gold near the surface, including a high-grade intercept of 3.14 g/t Au over 10 metres. Reasoning: The drill results from N2-26-033 represent a significant northward extension of the A-Zone, hitting gold near surface and confirming continuity beyond the historical resource boundary. - Positive factor: Significant northward step-out extension of the A-Zone - Positive factor: Continuous mineralization near surface \(7.1m\) - Positive factor: High-grade intercept \(3.14 g/t Au over 10m\) - Positive factor: Confirms geological continuity beyond historical wireframes Facts used in scoring: 2 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The hole N2-26-033 extended the A-Zone's northern horizon beyond the ground covered by the historical estimate. Evidence · text > extending the A-Zone’s northern horizon beyond the ground covered by the historical estimate. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions the use of standards and blanks and dispatch to AGAT Laboratories. Evidence · text > The collected core samples along with standards and blanks were securely marked up and stored in the logging facility until being dispatched to the AGAT Laboratories Ltd **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The company is working towards a maiden Mineral Resource Estimate based on these results. Evidence · text > All of it feeds the maiden Mineral Resource Estimate we are working towards. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/formation-metals-drills-0-98-g-t-gold-over-95-6-metres-at-n2-project-quebec--30585464-44c3-4404-8a6f-2fe03ee5ff83#fact-resource-facts-0) N2 Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: N2 Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: FOMO #### Resource scope - Estimate type: resource - Resource group id: resource:465c1908e9cee93c82c5 #### Resource Data - Category: inferred - Tonnes: 18000000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 810000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical resource mentioned as context. - Positive factor: Large tonnage - Negative factor: Historical estimate Evidence · text > global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au \(~810,000 oz Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/formation-metals-drills-0-98-g-t-gold-over-95-6-metres-at-n2-project-quebec--30585464-44c3-4404-8a6f-2fe03ee5ff83#fact-resource-facts-1) N2 Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: N2 Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: FOMO #### Resource scope - Estimate type: resource - Resource group id: resource:728e11e62a68b494986b #### Resource Data - Category: inferred - Tonnes: 243000 - Grade: 7.82 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical resource mentioned as context for RJ zone. - Positive factor: High grade - Negative factor: Historical estimate Evidence · text > 243 Kt grading 7.82 g/t Au \(~61,000 oz Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.