1844 Resources Engages Drilling Contractor for 2026 Drill Program at Sullipek East
1844 will mobilize drilling in November to advance its SV2 project despite tight cash reserves.
1844 Resources Inc. (EFF) has engaged RJLL Drilling for an upcoming diamond drilling program at its Sullipek East (SV2) property. Mobilization is scheduled for approximately November 1, 2026, following the local moose hunting season. Operations will be based in Murdochville, Quebec, utilizing existing local facilities for core logging and processing. Bernard-Olivier Martel, P.Geo., Director of Exploration, will oversee the geological component.
The release includes a disclosure regarding insider participation in a recently completed private placement. Insiders purchased approximately 2.4% of the total units issued for gross proceeds of ~$29,625. The program aims to further evaluate known copper mineralization and test geological/geophysical targets. Final drill targets and planned meterage will be provided closer to mobilization.
1844 Resources Inc. (EFF) has engaged a drilling contractor, a direct execution step of the 2026 exploration program previously announced in April and May 2026. This news is expected and incremental, confirming operational progress without introducing new financial data, drill results, or strategic shifts.
Insider participation in the recent financing demonstrates management alignment, though at a modest scale of approximately 2.4% of the offering. The company remains in a pre-revenue exploration stage, and this operational update does not alter the fundamental liquidity constraints or the going concern risk highlighted in the latest MD&A.
1844 Resources Inc. (EFF) is a pre-revenue junior explorer focused on copper-molybdenum properties in Quebec's Gaspé region. Its flagship project, SV2 (Sullipek/Vortex/Vallieres), covers approximately 68 km² across 130 mineral claims. The property is located 22 km west of Osisko Metals' Murdochville project, sharing the same historic Gaspé copper porphyry system.
An NI 43-101 inferred resource on the Sullipek property indicates 2.24 million tonnes at 1.09% copper, containing approximately 24,400 tonnes of contained copper. Historical drilling conducted in 1989, 2009, and 2011 intersected copper mineralization in every program. Notable intercepts include 29.8 meters at 0.94% copper. The company is transitioning from historical definition to active system validation, focusing on continuity, scale, and district-scale potential.