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News Wire Drill Results Free-Trading Calendar Warrant Database Placements Strikepoint Central My Watchlist Articles For Companies Drill Calculator Drill Database Claims Map Technical Chart Trader’s Cheat Sheet Insider Activity About For Companies Contact

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Formation Metals Inc. (FOMO) Drill Intercept — Strikepoint News | Strikepoint News

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Drill Results
FOMO · 2026-09-18

Drill dossier

Formation Metals Inc. (FOMO)

Au intercept at N2 Gold Project

Announced 2026-09-18

Company: Formation Metals Inc.
Ticker: FOMO
Property: N2 Gold Project
Metal: Au
Width: 35 m
Grade: 1.7 g/t
Gram-metres: 59.5 g·m
Value per tonne (live spot): $239.23
Precious-metal value (nugget): $239 (100% of value)
Residual value (net, est.): $175

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Source filing (SEDAR+)

Value per tonne is the gross in-situ rock value at today's spot prices, before recovery, mining, processing, royalties, or metallurgy — recomputed live on every page load. The nugget is the share of that value from precious metals (gold, silver, platinum, palladium, rhodium). Residual value estimates the net realizable value after recovery and operating cost — it assumes 90% recovery for precious metals, 85% for base metals, and $40/t operating cost; model your own assumptions in the calculator. Informational only; read the original NI 43-101 or JORC filing before drawing conclusions.

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