Olympio’s Bousquet Drilling Approval Raises Stakes in Competitive Gold District

Olympio Metals Advances Bousquet Gold Exploration

Olympio Metals Limited (ASX – OLY) has received regulatory approval to undertake a substantial drilling program at its Bousquet Gold Project in Quebec, Canada. The greenlight covers up to 38 drillholes, amounting to 10,000 meters of diamond drilling, with operations scheduled to begin this month. This marks a significant step forward for Olympio as it embarks on its maiden drill campaign at Bousquet, a project situated on the highly prospective Cadillac Break; a geological structure renowned for hosting world-class gold and copper deposits.

Targeting High-Grade Gold Zones

The drilling program will primarily focus on the Paquin and Decoeur prospects, both of which have demonstrated impressive high-grade gold mineralization in historical drilling. Notably, the Paquin Prospect has yielded intercepts such as 9 meters at 16.96 grams per tonne gold, underscoring the potential for significant discoveries. These prospects feature quartz vein-hosted gold mineralization with visible gold, a style consistent with nearby multi-million ounce mines like Agnico Eagle’s La Ronde and Iamgold’s Westwood.

Strategic Location and Infrastructure

Bousquet’s location on the Cadillac Break places it within a prolific gold district, with the project’s 24 kilometers of contiguous tenure covering a 10-kilometer strike length. The property benefits from year-round access via established road, rail, and hydroelectric infrastructure, facilitating efficient exploration activities. Importantly, the project lies within 15 kilometers of several operating gold mines, including the 15.8 million ounce La Ronde and the 2.4 million ounce Westwood mines, highlighting the district’s rich endowment.

Exploration History and Next Steps

While the property has a long history of exploration dating back to the early 20th century, much of the drilling was conducted before 1947, leaving substantial room for modern exploration techniques to unlock value. Recent drilling by previous explorers has confirmed the presence of high-grade zones, but strike and depth extensions remain underexplored. Olympio’s initial phase will comprise approximately 2,000 meters of oriented diamond drilling to gather structural data, with subsequent phases planned based on these results. The company expects to receive the first assay results within 5 to 6 weeks after drilling commences.

Looking Ahead

Olympio’s Managing Director, Sean Delaney, expressed optimism about the upcoming campaign, emphasizing the company’s intent to systematically test multiple high-priority targets across the project. The drilling program, supported by Canadian contractor Explo-Logik, represents a critical milestone in advancing Bousquet towards potential resource delineation and development. With secure tenure and a clear path forward, Olympio is positioning itself to capitalize on the significant gold potential inherent in this underexplored Canadian asset.