Northwire Canada EditionThursday, November 12, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Pan American Energy contracts drilling, support players

By The Northwire Desk — AI Analysis Feb 02, 2026 · 17:25 PNRG · 0.99 Pan American Energy Corp
PNRG · Price

Executive Summary

  • Pan American Energy Corp. has selected primary contractors to support its planned winter diamond drill program at the Tharsis project in the Northwest Territories.
  • The winter program aims to provide the first direct subsurface test of a principal intrusive centre interpreted from geophysics and evaluate the correlation between magnetic signatures and carbonatite bodies associated with rare earth elements (REE) and niobium (Nb).
  • The Tharsis project covers the Squalus Lake alkaline complex (SLAC), with exploration focused on evaluating carbonatite-related targets for critical metals.

Key Details

  • Contractor Selection:
    • Critical Discoveries: Engaged to provide drill equipment and crew for the diamond drill program.
    • Heli-Fix: Engaged to provide fixed-wing aircraft and helicopter support for mobilization and field logistics.
    • Discovery Mining Services: Engaged to provide camp services and expediting support.
  • Project Location: Tharsis project, Northwest Territories, Canada.
  • Project Geology: The Tharsis project covers the Squalus Lake alkaline complex (SLAC), a Proterozoic, multiphase alkaline intrusive complex.
  • Exploration Focus: Evaluation of carbonatite-related exploration targets for rare earth elements (REE) and niobium (Nb).
  • Previous Work: Geological mapping, high-resolution unmanned aerial vehicle (UAV) magnetic surveying, and sampling programs, alongside refinement of the project-scale exploration model.
  • Program Objective: To test the broader potential of the project by moving from surface work into drilling, specifically testing the first direct subsurface test of a principal intrusive centre and assessing depth correlations of magnetic signatures with carbonatite bodies.
  • Qualified Person: Jared Suchan, PhD, PGeo, technical adviser to the company.

Notable Quotes

  • "With our contractors in place, the company is on track to begin the phase 1 drill program at Tharsis. This marks an exciting step forward as we move from surface work into drilling and begin testing the broader potential of the project." — Adrian Lamoureux, Chief Executive Officer
Read the original news release →

More from Pan American Energy Corp

May 27, 2026 · 08:00

Pan American Energy Drilling Progress Stalls as Stock Plummets on Lack of Assay Data

Drill Results Apr 23, 2026 · 18:16

Operational Milestone Achieved

Production / Operations Apr 23, 2026 · 08:00

Pan American Energy Completes Tharsis Drilling, Awaits Assay Results Amid Price Correction

Production / Operations Mar 16, 2026 · 18:15

Pan American Energy begins diamond drilling at Tharsis

Drill Results Mar 16, 2026 · 08:00

Pan American Energy Commences Drilling at the Tharsis Project

Drill Results Feb 19, 2026 · 18:54

Pan American Energy field crew on site at Tharsis

Drill Results