PMET reports more than 30,000 metres drilled at Quebec lithium project
The company says its 2026 Shaakichiuwaanaan campaign has covered more than 250 holes with seven rigs; assay results are expected in the first quarter of 2027.
AI-generated symbolic illustration. Symbolic mineral-exploration tools; no actual company, deposit, assay result or reserve is depicted. · Business / Haber Paper
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PMET Resources said in a 20 October update that it had completed more than 30,000 metres of drilling across over 250 holes since June at its wholly owned Shaakichiuwaanaan project in Quebec’s James Bay region. Seven rigs were active. Much of the work around the CV5 and CV13 pegmatites is intended to support engineering, ground-condition assessments and geological modelling.
The company is also targeting cesium-bearing areas at CV5, testing the corridor between CV4 and CV5, and collecting pollucite samples for ore-sorting tests. Assay results from the 2026 drilling are expected in the first quarter of 2027, so this update does not report a new resource or reserve. PMET says an updated resource estimate and feasibility/preliminary economic studies are planned later in 2026.
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PMET Resources said in a 20 October update that it had completed more than 30,000 metres of drilling across over 250 holes since June at its wholly owned Shaakichiuwaanaan project in Quebec’s James Bay region. Seven rigs were active. Much of the work around the CV5 and CV13 pegmatites is intended to support engineering, ground-condition assessments and geological modelling.
PMET Resources said in a 20 October update that it had completed more than 30,000 metres of drilling across over 250 holes since June at its wholly owned Shaakichiuwaanaan project in Quebec’s James Bay region. Seven rigs were active. Much of the work around the CV5 and CV13 pegmatites is intended to support engineering, ground-condition assessments and geological modelling.
PMET Resources said in a 20 October update that it had completed more than 30,000 metres of drilling across over 250 holes since June at its wholly owned Shaakichiuwaanaan project in Quebec’s James Bay region. Seven rigs were active. Much of the work around the CV5 and CV13 pegmatites is intended to support engineering, ground-condition assessments and geological modelling.
The province’s exports declined 0.9% and imports 5.7% month over month in August; exports were down 2.7% year over year for the first eight months while imports rose 1.3%.
The pre-feasibility study models a 12-year commercial mine life and C$127 million in initial capital; the company says its board approved advancing the project.
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