Formation Metals appoints Rosmus to advisory board

Executive Summary

• Formation Metals Inc. appointed Roger Rosmus to its newly established advisory board to provide strategic counsel on exploration and corporate development.
• The company released assay results from its fully financed, 30,000-metre maiden drill campaign at its flagship N2 gold project in Quebec, highlighting wide, continuous near-surface intercepts that validate the geological model and support open-pit potential.
• Key drill intersections include N2-25-005 (0.91 g/t Au over 42.3m) and N2-25-012 (1.75 g/t Au over 30.4m), with high-grade highlights such as 19.2 g/t Au over 0.51m.

Key Details

• Advisory Appointment: Roger Rosmus, founder and CEO of Goliath Resources, appointed as inaugural member of the newly formed advisory board. He brings over 25 years of experience in investment banking and resource sector executive management.
• Drilling Campaign: Fully financed, 30,000-metre maiden drill campaign at the N2 gold project.
• Significant Intercepts:
  • N2-25-005: 0.91 g/t Au over 42.3 metres (beginning at 14.0m downhole). Highlights: 2.04 g/t Au over 8.1m and 1.31 g/t Au over 11.4m.
  • N2-25-012: 1.75 g/t Au over 30.4 metres (beginning at 64.1m downhole). Highlights: 3.51 g/t Au over 10.5m and 19.2 g/t Au over 0.51m.
• Geological Context: Results validate over 55,000 metres of historical drilling. Intercepts suggest excellent potential for an open-pit resource due to wide, continuous near-surface mineralization.
• Historic Resource: Global historic resource of ~871,000 ounces comprising 18 million tonnes grading 1.4 g/t Au (~810,000 oz) across four zones and 243,000 tonnes grading 7.82 g/t Au (~61,000 oz) across the RJ zone.
• Project Status: Phase 1 of the drill program (14,000m) aims to improve resource confidence, test downdip extensions, and collect metallurgical samples. A maiden mineral resource estimate is targeted for Q3, incorporating nearly 70,000 metres of drilling.
• Base Metal Potential: Revaluation revealed significant copper (200–4,750 ppm) and zinc (203–6,700 ppm) intercepts within historic gold-bearing holes, particularly at the A and RJ zones.
• Location: N2 project comprises 87 claims (~4,400 hectares) in Quebec's Abitibi greenstone belt, 25 km south of Matagami.

Notable Quotes

• Deepak Varshney, CEO: "We are thrilled to welcome Roger as the founding member of our advisory board... This appointment marks a significant milestone for Formation Metals as we begin to assemble a world-class team of advisers to support our growth trajectory."
• Roger Rosmus, Advisory Board Member: "I am excited to join Formation Metals at this pivotal time. The N2 project's location in the world-class Abitibi greenstone belt, combined with its historic resource base and ongoing drilling success, positions the company for substantial upside."