Olympio Metals has uncovered visible gold in the first hole of its maiden drilling program at the Paquin prospect within Quebec’s prolific Bousquet Gold Project, signaling promising potential ahead of assay results due mid-July.
- Visible gold observed from 183m to 192m in first drillhole BO-25-27
- 9m zone of quartz veining with sulphides and strong alteration
- Assay results expected by mid-July 2025
- Project located on the world-class Cadillac Break gold belt
- Further drilling underway targeting western extensions
A Promising Start at Paquin
Olympio Metals Limited has reported a significant early milestone in its maiden drilling campaign at the Bousquet Gold Project in Quebec, Canada. Visible gold was identified in the very first drillhole (BO-25-27) at the Paquin prospect, a high-grade target within the project area. This discovery comes from a 9-metre interval between 183 and 192 metres depth, where quartz veining and sulphide mineralisation are prominent.
Geological Context and Significance
The visible gold is hosted within smoky quartz veins accompanied by 5-7% sulphides including arsenopyrite, pyrite, and pyrrhotite, all set within a strong carbonate-chlorite alteration zone. Such geological signatures are consistent with the known gold mineralisation style along the Cadillac Break; a major regional structure renowned for world-class gold deposits exceeding 110 million ounces.
Paquin itself has a history of high-grade intercepts, including previous drilling that returned 9 metres at nearly 17 grams per tonne gold, underscoring the prospect’s potential. The current drillhole extends mineralisation to the west, opening new avenues for exploration.
Ongoing Exploration and Next Steps
Drilling is continuing with additional holes planned to test the western extensions of the mineralised zone. Logging of the initial hole is ongoing, with assay results anticipated by mid-July 2025. These assays will be critical to quantify the gold grades and validate the visual observations, which, while encouraging, are not a substitute for laboratory analysis.
Olympio’s Managing Director, Sean Delaney, expressed optimism about the project’s positioning and the early results, highlighting the year-round drilling access and the strategic location between multi-million-ounce gold deposits.
Historical and Technical Backdrop
The Bousquet Project covers 23.69 square kilometres and has a rich exploration history spanning nearly a century, with multiple phases of drilling and geophysical surveys. The property hosts several prospects with structurally controlled quartz vein-hosted gold mineralisation, typical of the Timiskaming Group turbidites and associated volcanic-sedimentary rocks.
Olympio’s current program builds on this foundation, employing modern drilling and sampling techniques to better define the mineralisation and advance towards resource estimation.
Bottom Line?
As assays approach, all eyes will be on Olympio’s Bousquet project to see if visible gold translates into a robust resource.
Questions in the middle?
- Will the mid-July assay results confirm high-grade gold consistent with visible gold observations?
- How extensive is the western extension of mineralisation indicated by the first drillhole?
- What impact will these early results have on Olympio’s exploration strategy and potential resource estimates?