Formation Metals Appoints Mining Finance Icon Terry Salman, C.M. as Senior Strategic Advisor Ahead of Maiden Resource at the N2 Property
Original announcement by orestocks on
- Company
- Formation Metals Inc.
- Ticker
- FOMO.CN
- Exchange
- Unavailable
- Region
- Québec
- Primary commodity
- Gold
- Secondary commodities
- Copper, Zinc
- Document categories
- Drill results, Resource update, Other
- Extracted
- 2026-09-29 13:06:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Formation Metals Inc. has appointed Terry Salman, a prominent mining financier, as Senior Strategic Advisor to its Advisory Board, aiming to bolster the company's capital markets strategy. This appointment comes as the company advances its N2 Property towards a maiden NI 43-101 compliant mineral resource estimate, targeted for Q1 2027. Recent drill results from N2 confirm geological continuity and extend mineralization, with several wide, near-surface gold intercepts. The project also highlights historical gold resources and early-stage base metal potential in the Abitibi Greenstone Belt of Québec.
Reasoning: The appointment of a highly regarded mining finance icon as a strategic advisor is a significant positive for Formation Metals, particularly as the company approaches a maiden resource estimate for its N2 Property. The ongoing drill program continues to yield positive results, confirming continuity and extending mineralization, which de-risks the project and supports the upcoming resource. While historical resources are noted, their non-compliant nature and the lack of true width for new intercepts are minor drawbacks.
Positive factors
- Appointment of a highly experienced strategic advisor (Terry Salman) is a strong positive signal for capital markets and future financing, especially ahead of a maiden resource.
- Progress towards a maiden NI 43-101 compliant resource estimate for the N2 Property is a significant de-risking milestone.
- Ongoing fully funded 75,000-meter drill program indicates strong commitment and potential for further discoveries.
- Recent drill results confirm geological continuity and extend mineralization, supporting the upcoming resource estimate.
- Wide, continuous near-surface gold intercepts are ideal for potential bulk-tonnage open-pit scenarios.
- Project remains open at depth and along strike, with significant undrilled potential, suggesting future growth.
- Strong regional pedigree in the Abitibi Greenstone Belt, a prolific gold-producing region.
- Identification of untested geophysical targets provides additional discovery potential.
- Technical content of the news release has been reviewed and approved by a Qualified Person.
Negative factors
- Historical resource estimates are not NI 43-101 compliant and require further work for classification, limiting their current reliability.
- Drill intercepts are reported as downhole lengths without true width, which may overstate actual thickness.
- Base metal potential is early-stage and not yet subject to resource estimation, with no assurance of economic viability.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 28
Classification and evidence
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., géo (OGQ#10876) an independent contractor and a qualified person as defined by National Instrument 43-101.
Evidence · text
“The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., géo (OGQ#10876) an independent contractor and a qualified person as defined by National Instrument 43-101.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The company is advancing its N2 Property toward a maiden mineral resource estimate, targeted for Q1 2027.
Evidence · text
“advances its flagship N2 Property ("N2" or the "Property") toward a maiden mineral resource estimate.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The document explicitly states that the referenced resource estimates are historical in nature, do not have a category, and do not conform to current CIM categories.
Evidence · text
“The above referenced resource estimates do not have a category, are considered historical in nature, and are based on prior data prepared by a previous property owner, and do not conform to current CIM categories.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Step-out drilling has extended the A-Zone 200 metres to the west and 200 metres to the south, indicating successful expansion of mineralization.
Evidence · text
“Step-out drilling has now extended the A-Zone 200 metres to the west, 200 metres to the south”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill intercepts are reported with downhole lengths and vertical depths, but true width is not explicitly stated for any of the reported intervals.
Evidence · text
“N2-26-033: 0.98 g/t Au over 95.6 metres beginning at 8.4 metres downhole, 7.1 metres vertical”
Open Pit Potentialpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company's internal evaluations suggest N2 has favorable characteristics to support a near-surface, open-pit resource development, ideal for bulk-tonnage scenarios.
Evidence · text
“N2 exhibits a strong geological potential possessing favorable characteristics to support a near-surface, open-pit resource development.”
Extracted facts
Stored fact records: 28. Some facts used in scoring do not have a stored record.
Drill Results (26)
N2-26-033N2 · goldGrade: 0.98Grade Unit: g/tIntercept: 95.6 mView all detailsHide details
Identity
- Hole ID
- N2-26-033
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 0.98
- Grade Unit
- g/t
- Intercept
- 95.6 m
- From
- 8.4 m
- To
- 104 m
- Intercept Depth
- 7.1 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-033:8.4-104
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is highly material due to its exceptional width and shallow depth, which are key for open-pit potential, despite a moderate grade. It successfully extends the known mineralization.
Positive factors
- Very wide intercept (95.6m) indicates significant mineralization continuity.
- Shallow interception depth (7.1m vertical) is favorable for open-pit mining.
- Extends the A-Zone, demonstrating successful step-out drilling.
Negative factors
- Grade (0.98 g/t Au) is moderate for gold in an open-pit scenario.
- True width is not stated, meaning the reported length may be an overestimation.
Evidence · text
“N2-26-033: 0.98 g/t Au over 95.6 metres beginning at 8.4 metres downhole, 7.1 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-033N2 · goldGrade: 3.14Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- N2-26-033
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 3.14
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 8.4 m
- To
- 18.4 m
- Intercept Depth
- 7.1 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-033:8.4-18.4
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This high-grade sub-interval significantly boosts the overall quality of the wider intercept, indicating a richer zone near surface.
Positive factors
- High-grade sub-interval (3.14 g/t Au) within a wider zone, enhancing overall economic potential.
- Shallow depth is favorable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“including 3.14 g/t Au over the first 10.0 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-15AN2 · goldGrade: 2.53Grade Unit: g/tIntercept: 11.8 mView all detailsHide details
Identity
- Hole ID
- N2-26-15A
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.53
- Grade Unit
- g/t
- Intercept
- 11.8 m
- From
- 350.6 m
- To
- 362.4 m
- Intercept Depth
- 341.6 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-15A:350.6-362.4
- Mining Method
- open_pit
Location
- Location
- newly identified vein set 200 metres south of the A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is positive due to its good grade and the discovery of a new vein set, which expands the known mineralized footprint.
Positive factors
- Good grade (2.53 g/t Au) over a reasonable width.
- Located in a newly identified vein set, indicating successful exploration and potential for expansion.
Negative factors
- True width is not stated.
Evidence · text
“N2-26-15A: 2.53 g/t Au over 11.8 metres beginning at 350.6 metres downhole, 341.6 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-15AN2 · goldGrade: 5.42Grade Unit: g/tIntercept: 5.1 mView all detailsHide details
Identity
- Hole ID
- N2-26-15A
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 5.42
- Grade Unit
- g/t
- Intercept
- 5.1 m
- From
- 350.6 m
- To
- 355.7 m
- Intercept Depth
- 341.6 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-15A:350.6-355.7
- Mining Method
- open_pit
Location
- Location
- newly identified vein set 200 metres south of the A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This bonanza-grade sub-interval is highly significant, confirming very high-grade mineralization within the newly discovered vein set.
Positive factors
- Exceptional high-grade sub-interval (5.42 g/t Au) within a new vein set, indicating bonanza-grade potential.
Negative factors
- True width is not stated.
Evidence · text
“including 5.42 g/t Au over 5.1 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-15AN2 · goldGrade: 1.41Grade Unit: g/tIntercept: 20.6 mView all detailsHide details
Identity
- Hole ID
- N2-26-15A
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.41
- Grade Unit
- g/t
- Intercept
- 20.6 m
- From
- 499.1 m
- To
- 519.7 m
- Intercept Depth
- 486.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-15A:499.1-519.7
- Mining Method
- open_pit
Location
- Location
- newly identified vein set 200 metres south of the A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept adds to the confidence in the new vein set, showing consistent mineralization over a good width, albeit at a deeper level.
Positive factors
- Good width (20.6m) with a moderate grade, contributing to the overall resource potential.
- Further confirms mineralization in the newly identified vein set.
Negative factors
- True width is not stated.
Evidence · text
“1.41 g/t Au over 20.6 metres beginning at 499.1 metres downhole, 486.3 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-15AN2 · goldGrade: 2.63Grade Unit: g/tIntercept: 5.5 mView all detailsHide details
Identity
- Hole ID
- N2-26-15A
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.63
- Grade Unit
- g/t
- Intercept
- 5.5 m
- From
- 499.1 m
- To
- 504.6 m
- Intercept Depth
- 486.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-15A:499.1-504.6
- Mining Method
- open_pit
Location
- Location
- newly identified vein set 200 metres south of the A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval demonstrates good grade within the deeper mineralization, adding to the overall prospectivity of the new vein set.
Positive factors
- Higher-grade sub-interval (2.63 g/t Au) within the deeper intercept, indicating localized enrichment.
Negative factors
- True width is not stated.
Evidence · text
“including 2.63 g/t Au over 5.5 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-021N2 · goldGrade: 1.05Grade Unit: g/tIntercept: 31 mView all detailsHide details
Identity
- Hole ID
- N2-26-021
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.05
- Grade Unit
- g/t
- Intercept
- 31 m
- From
- 243 m
- To
- 274 m
- Intercept Depth
- 203.8 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-021:243-274
- Mining Method
- open_pit
Location
- Location
- 200 metres west of the historical resource boundary
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is positive as it extends the known mineralization significantly to the west, indicating good lateral expansion potential for the resource.
Positive factors
- Good width (31.0m) with a moderate grade, extending mineralization 200m west of the historical resource boundary.
- Demonstrates successful step-out drilling and expansion potential.
Negative factors
- True width is not stated.
Evidence · text
“N2-26-021: 1.05 g/t Au over 31.0 metres beginning at 243.0 metres downhole, 203.8 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-26-021N2 · goldGrade: 1.89Grade Unit: g/tIntercept: 12 mView all detailsHide details
Identity
- Hole ID
- N2-26-021
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.89
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 243 m
- To
- 255 m
- Intercept Depth
- 203.8 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-26-021:243-255
- Mining Method
- open_pit
Location
- Location
- 200 metres west of the historical resource boundary
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval confirms good grade within the western extension, supporting the potential for a larger, continuous mineralized body.
Positive factors
- Higher-grade sub-interval (1.89 g/t Au) within the western extension, improving the overall grade of the zone.
Negative factors
- True width is not stated.
Evidence · text
“including 1.89 g/t Au over 12.0 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-012N2 · goldGrade: 1.75Grade Unit: g/tIntercept: 30.4 mView all detailsHide details
Identity
- Hole ID
- N2-25-012
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.75
- Grade Unit
- g/t
- Intercept
- 30.4 m
- From
- 64.1 m
- To
- 94.5 m
- Intercept Depth
- 45.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-012:64.1-94.5
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is a strong result, combining good grade and width at a shallow depth, which is highly material for open-pit development.
Positive factors
- Good grade (1.75 g/t Au) over a significant width (30.4m).
- Shallow interception depth (45.3m vertical) is favorable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-012: 1.75 g/t Au over 30.4 metres beginning at 64.1 metres downhole, 45.3 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-012N2 · goldGrade: 3.51Grade Unit: g/tIntercept: 10.5 mView all detailsHide details
Identity
- Hole ID
- N2-25-012
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 3.51
- Grade Unit
- g/t
- Intercept
- 10.5 m
- From
- 64.1 m
- To
- 74.6 m
- Intercept Depth
- 45.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-012:64.1-74.6
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This high-grade sub-interval is a very positive result, indicating a rich zone within the broader mineralization at a shallow depth.
Positive factors
- High-grade sub-interval (3.51 g/t Au) over a good width, significantly enhancing the overall value of the intercept.
Negative factors
- True width is not stated.
Evidence · text
“including 3.51 g/t Au over 10.5 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-012N2 · goldGrade: 19.2Grade Unit: g/tIntercept: 0.51 mView all detailsHide details
Identity
- Hole ID
- N2-25-012
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 19.2
- Grade Unit
- g/t
- Intercept
- 0.51 m
- From
- 64.1 m
- To
- 64.61 m
- Intercept Depth
- 45.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-012:64.1-64.61
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This bonanza-grade intercept is highly significant for demonstrating the presence of very high-grade gold, even if over a narrow width.
Positive factors
- Exceptional bonanza-grade (19.2 g/t Au) over a narrow interval, indicating very high-grade mineralization.
Negative factors
- Very narrow width (0.51m) limits its overall impact.
- True width is not stated.
Evidence · text
“and 19.2 g/t Au over 0.51 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-010N2 · goldGrade: 1.43Grade Unit: g/tIntercept: 19.4 mView all detailsHide details
Identity
- Hole ID
- N2-25-010
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.43
- Grade Unit
- g/t
- Intercept
- 19.4 m
- From
- 117.5 m
- To
- 136.9 m
- Intercept Depth
- 101.8 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-010:117.5-136.9
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization over a good width within the A-Zone.
Positive factors
- Good width (19.4m) with a moderate grade, contributing to the overall resource potential.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-010: 1.43 g/t Au over 19.4 metres beginning at 117.5 metres downhole, 101.8 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-010N2 · goldGrade: 2.23Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- N2-25-010
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.23
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 117.5 m
- To
- 124.5 m
- Intercept Depth
- 101.8 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-010:117.5-124.5
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval improves the overall grade of the intercept, showing good quality mineralization within the A-Zone.
Positive factors
- Higher-grade sub-interval (2.23 g/t Au) within the broader intercept, indicating localized enrichment.
Negative factors
- True width is not stated.
Evidence · text
“including 2.23 g/t Au over 7.0 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-009N2 · goldGrade: 1.37Grade Unit: g/tIntercept: 24 mView all detailsHide details
Identity
- Hole ID
- N2-25-009
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.37
- Grade Unit
- g/t
- Intercept
- 24 m
- From
- 168.9 m
- To
- 192.9 m
- Intercept Depth
- 146.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-009:168.9-192.9
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization over a good width within the A-Zone.
Positive factors
- Good width (24.0m) with a moderate grade, contributing to the overall resource potential.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-009: 1.37 g/t Au over 24.0 metres beginning at 168.9 metres downhole, 146.3 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-009N2 · goldGrade: 2.05Grade Unit: g/tIntercept: 13.3 mView all detailsHide details
Identity
- Hole ID
- N2-25-009
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.05
- Grade Unit
- g/t
- Intercept
- 13.3 m
- From
- 168.9 m
- To
- 182.2 m
- Intercept Depth
- 146.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-009:168.9-182.2
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval improves the overall grade of the intercept, showing good quality mineralization within the A-Zone.
Positive factors
- Higher-grade sub-interval (2.05 g/t Au) within the broader intercept, indicating localized enrichment.
Negative factors
- True width is not stated.
Evidence · text
“including 2.05 g/t Au over 13.3 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-008N2 · goldGrade: 0.95Grade Unit: g/tIntercept: 61.1 mView all detailsHide details
Identity
- Hole ID
- N2-25-008
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 0.95
- Grade Unit
- g/t
- Intercept
- 61.1 m
- From
- 109 m
- To
- 170.1 m
- Intercept Depth
- 94.4 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-008:109-170.1
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is material due to its exceptional width and moderate grade, which are favorable for open-pit potential.
Positive factors
- Very wide intercept (61.1m) indicates significant mineralization continuity.
- Moderate grade (0.95 g/t Au) is suitable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-008: 0.95 g/t Au over 61.1 metres beginning at 109 metres downhole, 94.4 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-008N2 · goldGrade: 1.68Grade Unit: g/tIntercept: 26.5 mView all detailsHide details
Identity
- Hole ID
- N2-25-008
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.68
- Grade Unit
- g/t
- Intercept
- 26.5 m
- From
- 109 m
- To
- 135.5 m
- Intercept Depth
- 94.4 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-008:109-135.5
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval significantly improves the overall grade of the intercept, indicating a richer zone within the broader mineralization.
Positive factors
- Good grade (1.68 g/t Au) over a significant width (26.5m) within the broader intercept, enhancing overall economic potential.
Negative factors
- True width is not stated.
Evidence · text
“including 1.68 g/t Au over 26.5 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-007N2 · goldGrade: 1.3Grade Unit: g/tIntercept: 22.2 mView all detailsHide details
Identity
- Hole ID
- N2-25-007
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.3
- Grade Unit
- g/t
- Intercept
- 22.2 m
- From
- 139.9 m
- To
- 162.1 m
- Intercept Depth
- 121.2 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-007:139.9-162.1
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization over a good width within the A-Zone.
Positive factors
- Good width (22.2m) with a moderate grade, contributing to the overall resource potential.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-007: 1.3 g/t Au over 22.2 metres beginning at 139.9 metres downhole, 121.2 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-007N2 · goldGrade: 2.36Grade Unit: g/tIntercept: 10.5 mView all detailsHide details
Identity
- Hole ID
- N2-25-007
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.36
- Grade Unit
- g/t
- Intercept
- 10.5 m
- From
- 139.9 m
- To
- 150.4 m
- Intercept Depth
- 121.2 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-007:139.9-150.4
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval improves the overall grade of the intercept, showing good quality mineralization within the A-Zone.
Positive factors
- Higher-grade sub-interval (2.36 g/t Au) within the broader intercept, indicating localized enrichment.
Negative factors
- True width is not stated.
Evidence · text
“including 2.36 g/t Au over 10.5 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-006N2 · goldGrade: 1.8Grade Unit: g/tIntercept: 21.9 mView all detailsHide details
Identity
- Hole ID
- N2-25-006
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.8
- Grade Unit
- g/t
- Intercept
- 21.9 m
- From
- 154.4 m
- To
- 176.3 m
- Intercept Depth
- 133.7 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-006:154.4-176.3
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization over a good width within the A-Zone.
Positive factors
- Good width (21.9m) with a good grade, contributing to the overall resource potential.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-006: 1.8 g/t Au over 21.9 metres beginning at 154.4 metres downhole, 133.7 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-006N2 · goldGrade: 3.4Grade Unit: g/tIntercept: 4.8 mView all detailsHide details
Identity
- Hole ID
- N2-25-006
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 3.4
- Grade Unit
- g/t
- Intercept
- 4.8 m
- From
- 154.4 m
- To
- 159.2 m
- Intercept Depth
- 133.7 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-006:154.4-159.2
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This high-grade sub-interval is a very positive result, indicating a rich zone within the broader mineralization.
Positive factors
- High-grade sub-interval (3.4 g/t Au) over a good width, significantly enhancing the overall value of the intercept.
Negative factors
- True width is not stated.
Evidence · text
“including 3.4 g/t Au over 4.8 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-005N2 · goldGrade: 0.91Grade Unit: g/tIntercept: 42.3 mView all detailsHide details
Identity
- Hole ID
- N2-25-005
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 0.91
- Grade Unit
- g/t
- Intercept
- 42.3 m
- From
- 14 m
- To
- 56.3 m
- Intercept Depth
- 9.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-005:14-56.3
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is material due to its exceptional width and shallow depth, which are key for open-pit potential, despite a moderate grade.
Positive factors
- Very wide intercept (42.3m) indicates significant mineralization continuity.
- Shallow interception depth (9.9m vertical) is favorable for open-pit mining.
- Moderate grade (0.91 g/t Au) is suitable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-005: 0.91 g/t Au over 42.3 metres beginning at 14.0 metres downhole, 9.9 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-005N2 · goldGrade: 2.04Grade Unit: g/tIntercept: 8.1 mView all detailsHide details
Identity
- Hole ID
- N2-25-005
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 2.04
- Grade Unit
- g/t
- Intercept
- 8.1 m
- From
- 14 m
- To
- 22.1 m
- Intercept Depth
- 9.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-005:14-22.1
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval significantly improves the overall grade of the intercept, indicating a richer zone near surface.
Positive factors
- Good grade (2.04 g/t Au) over a good width within the broader intercept, enhancing overall economic potential.
- Shallow depth is favorable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“including 2.04 g/t Au over 8.1 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-005N2 · goldGrade: 1.31Grade Unit: g/tIntercept: 11.4 mView all detailsHide details
Identity
- Hole ID
- N2-25-005
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.31
- Grade Unit
- g/t
- Intercept
- 11.4 m
- From
- 14 m
- To
- 25.4 m
- Intercept Depth
- 9.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-005:14-25.4
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval provides further evidence of consistent mineralization over a good width near surface.
Positive factors
- Moderate grade (1.31 g/t Au) over a good width within the broader intercept, contributing to overall resource potential.
- Shallow depth is favorable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“and 1.31 g/t Au over 11.4 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-004N2 · goldGrade: 0.83Grade Unit: g/tIntercept: 40.4 mView all detailsHide details
Identity
- Hole ID
- N2-25-004
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 0.83
- Grade Unit
- g/t
- Intercept
- 40.4 m
- From
- 180 m
- To
- 220.4 m
- Intercept Depth
- 147.4 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-004:180-220.4
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This intercept is material due to its significant width and moderate grade, which are favorable for open-pit potential.
Positive factors
- Wide intercept (40.4m) indicates significant mineralization continuity.
- Moderate grade (0.83 g/t Au) is suitable for open-pit mining.
Negative factors
- True width is not stated.
Evidence · text
“N2-25-004: 0.83 g/t Au over 40.4 metres beginning at 180.0 metres downhole, 147.4 metres vertical”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
N2-25-004N2 · goldGrade: 1.36Grade Unit: g/tIntercept: 9 mView all detailsHide details
Identity
- Hole ID
- N2-25-004
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- FOMO.CN
Geometry
- Grade
- 1.36
- Grade Unit
- g/t
- Intercept
- 9 m
- From
- 180 m
- To
- 189 m
- Intercept Depth
- 147.4 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- N2-25-004:180-189
- Mining Method
- open_pit
Location
- Location
- A-Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This sub-interval improves the overall grade of the intercept, indicating a richer zone within the broader mineralization.
Positive factors
- Moderate grade (1.36 g/t Au) over a good width within the broader intercept, enhancing overall economic potential.
Negative factors
- True width is not stated.
Evidence · text
“including 1.36 g/t Au over 9.0 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Resource Estimates (2)
A, East, RJ-East and CentralN2 · goldTonnes: 18000000Grade: 1.4Grade Unit: g/tContained Metal: 810000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- FOMO.CN
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:01ec70eb8e154466a4ca
- Deposit or zone
- A, East, RJ-East and Central
Resource Data
- Tonnes
- 18000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 810000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 1993-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical estimate provides a baseline for the project's potential but lacks the rigor and classification of a modern, compliant resource, reducing its current reliability.
Positive factors
- Indicates significant historical gold endowment for the project.
Negative factors
- Estimate is historical and not compliant with current NI 43-101 standards.
- No resource category (Measured, Indicated, Inferred) is provided, limiting confidence.
- A Qualified Person has not done sufficient work to classify it as a current resource.
Evidence · text
“18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East and Central)”
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 33.7 years before this release
RJ zoneN2 · goldTonnes: 243000Grade: 7.82Grade Unit: g/tContained Metal: 61000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- N2
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- FOMO.CN
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:b7f948e2b98dc2c5e1ec
- Deposit or zone
- RJ zone
Resource Data
- Tonnes
- 243000
- Grade
- 7.82
- Grade Unit
- g/t
- Contained Metal
- 61000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 1991-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical estimate highlights high-grade potential at the RJ zone but, like the other historical estimate, lacks modern compliance and classification, making it less reliable for current investment decisions.
Positive factors
- Indicates a high-grade historical gold endowment for the RJ zone.
Negative factors
- Estimate is historical and not compliant with current NI 43-101 standards.
- No resource category (Measured, Indicated, Inferred) is provided, limiting confidence.
- A Qualified Person has not done sufficient work to classify it as a current resource.
Evidence · text
“243 Kt grading 7.82 g/t Au (~61,000 oz Au) at the RJ zone”
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 35.7 years before this 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.