Formation Metals Expands Potential Width of A-Zone Through 400 Metre Step-Out; Fully Funded 30,000 Metre Drill Program to Continue Along Strike

Formation Metals reported visible gold in drillhole N2-26-24 at ~151.1m, a 400-metre step-out that expands the A-Zone southern footprint and suggests substantial vertical continuity. The company is running a fully funded 30,000-metre drill program (48 holes completed, 15,516m) at the N2 Gold Project in Quebec, which hosts a historical resource of ~871,000 oz Au across multiple zones. Management says the result could nearly triple open-pit width potential and materially increase the project’s bulk-tonnage economics. Market impact: the news is a bullish catalyst for the company’s exploration story and for gold-exposure sentiment (XAUUSD), though outcomes remain speculative until assays and resource updates are completed and the results may not immediately move gold prices.