Olympio Metals Kicks Off Drilling at High-Grade Bousquet Gold Project
Olympio Metals has begun diamond core drilling at its promising Bousquet Gold Project in Quebec, targeting high-grade gold zones along the renowned Cadillac Break. The initial 2,400m program aims to unlock extensions at Paquin and Decoeur prospects ahead of a larger 10,000m campaign.
- Diamond drilling commenced at Bousquet Gold Project, Quebec
- Initial 2,400m program targets Paquin and Decoeur prospects
- Approvals secured for up to 38 drillholes totaling 10,000m
- Paquin Prospect known for high-grade gold intercepts (9m @ 16.96g/t Au)
- Project located on Cadillac Break, a prolific gold mining region
Drilling Underway at a Strategic Gold Project
Olympio Metals Limited has officially commenced diamond core drilling at its Bousquet Gold Project in Quebec, Canada, marking a significant step forward in its exploration campaign. The project sits along the Cadillac Break, a major geological structure famed for hosting world-class gold deposits exceeding 110 million ounces. This strategic location underpins the potential for substantial discoveries.
The initial phase involves approximately 2,400 metres of drilling focused on the high-priority Paquin and Decoeur prospects. These targets have been selected based on their promising geological signatures and historical high-grade gold intercepts, such as the notable 9 metres at 16.96 grams per tonne gold encountered at Paquin.
Targeting Extensions and New Zones
The drilling program aims to test the western strike extension of the Paquin structural quartz vein system, which remains underexplored despite its demonstrated high-grade mineralisation. Meanwhile, the Decoeur Prospect drilling seeks to explore depth extensions within a mineralised litho-structural analogue, potentially expanding the known gold-bearing zones.
Additionally, the Decoeur Extension target represents a large induced polarization anomaly along an underexplored regional Archaean bounding structure, offering further upside potential. The company has secured approvals for up to 38 drillholes totaling 10,000 metres, indicating a robust commitment to thorough exploration.
Ahead of Schedule and Looking Forward
Olympio’s Managing Director, Sean Delaney, expressed enthusiasm about the progress, highlighting that drilling commenced ahead of schedule with local contractor Diafor’s diamond drill rig already onsite. The company plans to orient drill cores to gather valuable structural data, which will inform the design of a second phase of drilling.
As results from the initial holes come in, they will guide further exploration efforts, potentially unlocking new zones of mineralisation. The market can expect updates as the program advances, with the potential to significantly enhance the project’s resource profile.
Bottom Line?
Olympio’s early drilling progress at Bousquet sets the stage for potential resource growth along a world-class gold corridor.
Questions in the middle?
- What initial assay results will reveal about the extensions at Paquin and Decoeur?
- How might the large IP anomaly at Decoeur Extension translate into mineralisation?
- What impact will drilling outcomes have on Olympio’s resource estimates and valuation?
