Formation Metals Extends A-Zone 200 Metres to the South and Identifies a New Vein Set, Returning 2.53 g/t Au over 11.8 Metres and 1.41 g/t Au over 20.6 Metres at the Advanced N2 Property

Original announcement by accesswire on

Company
Formation Metals Inc.
Ticker
FOMO
Exchange
Unavailable
Region
Quebec
Primary commodity
Gold
Secondary commodities
Copper, Zinc
Document categories
Drill results, Resource update
Extracted
2026-09-08 11:20:33 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Formation Metals announced significant drill results from a step-out hole at its N2 Property in Quebec, extending the A-Zone 200 metres to the south and identifying a new, shallower vein set. Hole N2-26-15A returned 2.53 g/t Au over 11.8 metres and 1.41 g/t Au over 20.6 metres, significantly expanding the mineralized envelope. The company also highlighted a historical gold resource of approximately 871,000 ounces at the property, which is currently being updated through ongoing drilling.

Reasoning: Formation Metals announced highly positive drill results from a significant step-out hole at its N2 Property, extending the A-Zone 200 metres to the south and discovering a new vein set. The headline intercepts are strong, and the results significantly expand the known mineralized envelope, indicating substantial growth potential for the project. The company also disclosed robust QA/QC and true width estimates, adding credibility to the results. While a historical resource is mentioned, it is clearly flagged as non-compliant, which is a minor negative but does not detract from the novelty and materiality of the new drill findings.

Positive factors

  • Significant step-out drilling successfully extended mineralization 200m to the south, indicating substantial growth potential for the A-Zone.
  • Discovery of a new, shallower vein set (southern horizon) parallel to the main veins adds new targets for exploration and potential resource growth.
  • Headline intercepts are strong for a bulk-tonnage open-pit scenario, with good grade-width products.
  • True width is estimated and disclosed, enhancing confidence in the reported intercept lengths.
  • Comprehensive QA/QC protocols are disclosed, including certified lab, QP sign-off, and specific methods.

Negative factors

  • The historical resource mentioned is explicitly non-compliant with current reporting standards and requires significant work for reclassification.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 23

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Hole N2-26-15A extended the A-Zone 200 metres to the south, as stated in the title and body of the release.

Evidence · text

“Formation Metals Extends A-Zone 200 Metres to the South”

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The document states that true width for this hole is estimated at approximately 91% of the intercepted core length.

Evidence · text

“true width for this hole is estimated at approximately 91% of the intercepted core length”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release includes a 'Quality Assurance and Quality Control' section detailing the insertion of blanks/standards, fire assay methods, and gravimetric/metallic sieve testing.

Evidence · text

“The quality assurance and quality control protocols include insertion of blank or standard samples every 10 samples on average during the analytical process. The gold analyses were completed by fire assay (FA) method with an AAS finish on 50 grams of materials at the AGAT Laboratories Ltd in Val d'Or, Quebec, Canada.”

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: Mr. Babak V. Azar, P.Geo., is named as the independent qualified person who reviewed and approved the technical content.

Evidence · text

“Mr. Babak V. Azar, P.Geo., géo (OGQ#10876) an independent contractor and a qualified person as defined by National Instrument 43-101.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document explicitly states that reported intervals are composited at a lower cut-off of 0.1 g/t Au.

Evidence · text

“Reported intervals are composited at a lower cut-off of 0.1 g/t Au.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The historical resource mentioned is described as a 'global historic resource' and is explicitly stated as not conforming to current CIM categories, implying an inferred or lower confidence level.

Evidence · text

“global historic resource of ~871,000 ounces”

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 resource estimates are 'considered historical in nature' 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.”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The company states that the results will be incorporated into the geological model supporting the Company's planned maiden Mineral Resource Estimate, indicating this is a new MRE for the project.

Evidence · text

“The results will be incorporated into the geological model supporting the Company's planned maiden Mineral Resource Estimate.”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a mill_cil route ("CIL")

Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

Drill Results (23)

N2-26-15AN2 · goldGrade: 0.22Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.22
Grade Unit
g/t
Intercept
1.2 m
True Width
1.09 m
From
127.4 m
To
128.6 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:127.4-128.6
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade and narrow, contributing to overall mineralization but not a highlight.

Evidence · table

“0.22”

Context: 1.2

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.09

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 3.37Grade Unit: g/tIntercept: 2.7 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
3.37
Grade Unit
g/t
Intercept
2.7 m
True Width
2.46 m
From
248.4 m
To
251.1 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:248.4-251.1
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept shows good grade over a moderate width, contributing positively to the overall mineralization.

Positive factors

  • Good grade for an open-pit target.

Evidence · table

“3.37”

Context: 2.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.46

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 9Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
9
Grade Unit
g/t
Intercept
1 m
True Width
0.91 m
From
250.1 m
To
251.1 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:250.1-251.1
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly enhances the overall value of the broader intercept.

Positive factors

  • High-grade sub-interval within a broader zone, indicating strong mineralization.

Evidence · table

“9.0”

Context: 1.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.91

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.52Grade Unit: g/tIntercept: 7.6 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.52
Grade Unit
g/t
Intercept
7.6 m
True Width
6.92 m
From
256 m
To
263.6 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:256-263.6
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is moderate grade over a moderate width, contributing to the overall mineralized footprint.

Evidence · table

“0.52”

Context: 7.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 6.92

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.21Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.21
Grade Unit
g/t
Intercept
0.9 m
True Width
0.82 m
From
283.4 m
To
284.3 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:283.4-284.3
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade and narrow, contributing to overall mineralization but not a highlight.

Evidence · table

“0.21”

Context: 0.9

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.82

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 2.35Grade Unit: g/tIntercept: 1.6 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
2.35
Grade Unit
g/t
Intercept
1.6 m
True Width
1.46 m
From
289.1 m
To
290.7 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:289.1-290.7
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept shows good grade over a narrow width, contributing positively to the overall mineralization.

Positive factors

  • Good grade for an open-pit target.

Evidence · table

“2.35”

Context: 1.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.46

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.34Grade Unit: g/tIntercept: 3.7 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.34
Grade Unit
g/t
Intercept
3.7 m
True Width
3.37 m
From
295.8 m
To
299.5 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:295.8-299.5
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade over a moderate width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.34”

Context: 3.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.37

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 2.53Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
2.53
Grade Unit
g/t
Intercept
4 m
True Width
3.64 m
From
326 m
To
330 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:326-330
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept shows good grade over a moderate width, contributing positively to the overall mineralization.

Positive factors

  • Good grade for an open-pit target.

Evidence · table

“2.53”

Context: 4

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.64

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.32Grade Unit: g/tIntercept: 2.8 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
2.8 m
True Width
2.55 m
From
332 m
To
334.8 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:332-334.8
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade over a narrow width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.32”

Context: 2.8

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.55

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 2.53Grade Unit: g/tIntercept: 11.8 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
2.53
Grade Unit
g/t
Intercept
11.8 m
True Width
10.74 m
From
350.6 m
To
362.5 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:350.6-362.5
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This is one of the headline intercepts, demonstrating strong gold mineralization over a material width, and is crucial for the reported extension of the A-Zone.

Positive factors

  • Strong grade over a significant width, representing a key headline intercept.
  • Contributes to the southward extension of the A-Zone.

Evidence · table

“2.53”

Context: 11.8

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 10.74

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 5.42Grade Unit: g/tIntercept: 5.1 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
5.42
Grade Unit
g/t
Intercept
5.1 m
True Width
4.64 m
From
357.4 m
To
362.5 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:357.4-362.5
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a key component of the significant 11.8m intercept, demonstrating robust mineralization.

Positive factors

  • High-grade sub-interval within a broader headline intercept, significantly boosting its overall value.

Evidence · table

“5.42”

Context: 5.1

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.64

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 1.15Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
1.15
Grade Unit
g/t
Intercept
0.5 m
True Width
0.46 m
From
366.4 m
To
366.9 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:366.4-366.9
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is moderate grade but very narrow, contributing to overall mineralization but not a highlight.

Evidence · table

“1.15”

Context: 0.5

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.46

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 2.05Grade Unit: g/tIntercept: 3.1 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
2.05
Grade Unit
g/t
Intercept
3.1 m
True Width
2.82 m
From
384.6 m
To
387.7 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:384.6-387.7
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept shows good grade over a moderate width, contributing positively to the overall mineralization.

Positive factors

  • Good grade for an open-pit target.

Evidence · table

“2.05”

Context: 3.1

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.82

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.96Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.96
Grade Unit
g/t
Intercept
1.2 m
True Width
1.09 m
From
448.5 m
To
449.7 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:448.5-449.7
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is moderate grade over a narrow width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.96”

Context: 1.2

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.09

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.55Grade Unit: g/tIntercept: 1.7 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.55
Grade Unit
g/t
Intercept
1.7 m
True Width
1.55 m
From
464.2 m
To
465.9 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:464.2-465.9
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is moderate grade over a narrow width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.55”

Context: 1.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.55

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.42Grade Unit: g/tIntercept: 1.6 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.42
Grade Unit
g/t
Intercept
1.6 m
True Width
1.46 m
From
483 m
To
484.6 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:483-484.6
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade over a narrow width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.42”

Context: 1.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.46

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.5Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
0.9 m
True Width
0.82 m
From
490.8 m
To
491.7 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:490.8-491.7
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is moderate grade over a narrow width, contributing to overall mineralization but not a highlight.

Evidence · table

“0.5”

Context: 0.9

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.82

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 1.41Grade Unit: g/tIntercept: 20.6 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
1.41
Grade Unit
g/t
Intercept
20.6 m
True Width
18.75 m
From
499.1 m
To
519.7 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:499.1-519.7
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This is a headline intercept, demonstrating good gold mineralization over a substantial width, and is crucial for the discovery of the new southern horizon vein set.

Positive factors

  • Significant width and good grade, representing a key headline intercept.
  • Indicates a new, shallower vein set (southern horizon) not previously identified.

Evidence · table

“1.41”

Context: 20.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 18.75

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 2.63Grade Unit: g/tIntercept: 5.5 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
2.63
Grade Unit
g/t
Intercept
5.5 m
True Width
5 m
From
499.6 m
To
505.1 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:499.6-505.1
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This good-grade sub-interval is a key component of the significant 20.6m intercept, demonstrating robust mineralization.

Positive factors

  • Good grade sub-interval within a broader headline intercept, enhancing its overall value.

Evidence · table

“2.63”

Context: 5.5

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 5

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 1.78Grade Unit: g/tIntercept: 7.2 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
1.78
Grade Unit
g/t
Intercept
7.2 m
True Width
6.55 m
From
510.7 m
To
517.9 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:510.7-517.9
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This good-grade sub-interval is a key component of the significant 20.6m intercept, demonstrating robust mineralization.

Positive factors

  • Good grade sub-interval within a broader headline intercept, enhancing its overall value.

Evidence · table

“1.78”

Context: 7.2

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 6.55

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.34Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.34
Grade Unit
g/t
Intercept
0.8 m
True Width
0.73 m
From
528 m
To
528.8 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:528-528.8
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade and very narrow, contributing to overall mineralization but not a highlight.

Evidence · table

“0.34”

Context: 0.8

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.73

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

N2-26-15AN2 · goldGrade: 0.31Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
N2-26-15A
Project
N2
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
FOMO

Geometry

Grade
0.31
Grade Unit
g/t
Intercept
1.5 m
True Width
1.37 m
From
705 m
To
706.5 m
Hole Depth
735 m
Intercept Depth
127.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
N2-26-15A:705-706.5
Mining Method
open_pit

Location

Easting
304438
Northing
5489814
Azimuth
355 °
Dip
-77 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
AGAT Laboratories Ltd
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This intercept is low grade and narrow, contributing to overall mineralization but not a highlight.

Evidence · table

“0.31”

Context: 1.5

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.37

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Fact 23N2 Property · goldGrade: 7.82Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
N2 Property
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
FOMO

Geometry

Grade
7.82
Grade Unit
g/t

QA/QC

QP Signed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-08T00:00:00.000Z

Reasoning: This is a historical, high-grade resource estimate for the RJ zone, but it is not compliant with current reporting standards and lacks a current QP sign-off, leading to lower confidence and novelty.

Positive factors

  • Represents a high-grade historical gold endowment for the RJ zone.

Negative factors

  • The resource is historical and explicitly stated as non-compliant with current CIM categories.
  • No QP sign-off for the historical estimate is mentioned.
  • Requires significant work to be reclassified as a current resource.

Evidence · text

“243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone”

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior 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.