In this exclusive GOLDINVEST interview, CEO Deepak Varshney discusses the latest developments at Formation Metals (CSE: FOMO / WKN A3D492).
The company has just received the drilling permits for the N2 Gold Project in Quebec and immediately commenced an extensive drilling program. The goal is to significantly expand the existing historical resource of approximately 900,000 ounces of gold and to grow it to 3–5 million ounces in the medium term.
Learn why the current market situation and solid financing could be a game-changer for Formation Metals, which zones are particularly exciting, and when the first drilling results are expected.
👉 Learn more on GOLDINVEST.de: https://goldinvest.de
👉 Official website of Formation Metals: https://formationmetalsinc.com
Timestamps:
00:00 Introduction & Welcome
00:40 Permits and Start of Drilling Program
01:20 Financing: over 5 million CAD secured for exploration
02:00 Planned Drilling Meters and Strategic Approach
03:00 Timeline for First Drilling Results (Q4 2025)
04:00 Goal: 3–5 Million Ounces Resource
05:00 Focus on A-Zone (Bulk Tonnage) and RJ-Zone (High Grade)
06:30 Historical Work by Agnico Eagle & High Hit Rate
07:00 Why Current Gold Prices Make the Project Particularly Attractive
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