In this interview, StockBoxMedia speaks with Deepak Varshney, President and CEO of Formation Metals (TSX-V: FOMO), after the company encountered visible gold (VG) at its gold project in Quebec. With over $14 million in working capital and a fully funded 30,000-meter drill campaign, Formation is aggressively pursuing its goal of expanding a historical resource of 871,000 ounces to a potential 3-5 million ounce open-pit deposit.
🔎 Key Topics:
Discovery of visible gold in Zone A
Expansion of the historical resource from 871,000 ounces to 3 to 5 million ounces
Working capital of over $14 million and fully funded drilling program
Strategic growth and M&A plans of Formation Metals
Why this project in Quebec is attracting market attention
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