PMET Expands Drilling at Shaakichiuwaanaan: Over 30,000 m Completed in 2026
PMET Resources reports more than 30,000 m of drilling across 250+ holes at its Shaakichiuwaanaan project in Quebec, with assay results expected in Q1 2027.
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what happened
PMET Resources said it has completed more than 30,000 m of drilling in over 250 holes as part of its 2026 program at the 100%-owned Shaakichiuwaanaan project in Quebec. The update was published by TradingView. Drilling started in June, seven rigs are currently active on site, and work is expected to continue into November.
The main goal of the program is to support engineering work at the CV5 and CV13 pegmatites. According to the company, geotechnical, hydrogeological and geomechanical drilling confirms that ground conditions are sound for the mine development plan. Infill drilling at CV5 is also aimed at defining a first caesium resource estimate in 2027, and at least 7 tons of pollucite pegmatite samples have been collected.
Assay results are expected in Q1 2027. Reuters also carried a short version of the company's announcement about the same event.
why it matters
For markets, this news concerns the project's development stage rather than production, so the effect on lithium, caesium and tantalum prices is limited for now. The next milestones are updated resource estimates and an economic assessment, which the company ties to late 2026 and 2027.
tags
instruments
sources
- PMET Advances Shaakichiuwaanaan Development with more than 30,000 m 2026 Drill Program — TradingView, 20 October 2026 at 21:00 UTC
- Pmet Advances Shaakichiuwaanaan Development With More Than 30,000 M 2026 Drill Program — Reuters, 20 October 2026 at 22:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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