# Mining exploration and assessment in Quebec

> Live situation record from CLSTR: https://clstr.news/situations/mining-exploration-and-assessment-in-quebec
> Updated: 2026-10-19T09:24:29.000Z. Sources: 12. Developments: 2.

Mining activities in Quebec have seen developments in both polymetallic and gold exploration. Power Metallic Mines Inc. initiated a Preliminary Economic Assessment (PEA) for its Nisk polymetallic project in the Eeyou Istchee James Bay territory. The study, led by BBA Inc., aims to evaluate mining options and project economics for the high-grade copper-dominated Lion and Nisk Main deposits, with completion targeted for the first half of 2027.

Concurrently, Formation Metals expanded its drilling program at a 4,400-hectare gold project in the Abitibi Gold Belt. The company increased its N2 drilling program to 75,000 meters to prepare for its first NI 43-101 mineral resource estimate, expected in the first quarter of 2027. Recent drilling results have indicated potential for large-scale open-pit mining along the Casa-Berardi Deformation Zone.

## Timeline

### 2026-10-19: Formation Metals expands drilling program at Quebec gold project

Formation Metals is expanding its N2 gold project drilling in Quebec to 75,000 meters, targeting a first mineral resource estimate by early 2027.

5 sources. https://clstr.news/cluster/formation-metals-expands-drilling-program-at-quebec-gold-project

### 2026-10-05: Power Metallic launches economic assessment for Nisk project in Quebec

Power Metallic Mines Inc. has commenced a Preliminary Economic Assessment for its Nisk polymetallic project in Quebec, targeting completion in the first half of 2027.

7 sources. https://clstr.news/cluster/power-metallic-launches-economic-assessment-for-nisk-project-in-quebec

---
Cite as: Mining exploration and assessment in Quebec. CLSTR, https://clstr.news/situations/mining-exploration-and-assessment-in-quebec