Olympio Metals Uncovers New 54g/t Gold Zone at Bousquet’s Paquin Prospect
Olympio Metals has reported a striking new high-grade gold intersection of 1.5m at 54.2 g/t Au at its Paquin Prospect within the Bousquet Project, Quebec, highlighting expanding mineralisation along the Cadillac Break.
- New 1.5m @ 54.2 g/t Au gold intercept at Paquin Prospect
- Contiguous high-grade zone open along strike and at depth
- Further drilling planned to extend mineralisation at Paquin and nearby prospects
- Project located near multi-million ounce gold mines on the Cadillac Break
- Olympio holds option to earn 80% interest in Bousquet Project
A New High-Grade Discovery at Paquin
Olympio Metals Limited (ASX – OLY) has announced a significant breakthrough in its maiden drilling program at the Paquin Prospect, part of the Bousquet Project in Quebec, Canada. The company revealed a new high-grade gold intersection of 1.5 metres grading 54.2 grams per tonne gold (g/t Au) from 235.5 metres depth in drill hole BO-25-28. This intercept represents a previously unrecognised mineralised lens, distinct from earlier reported zones within the same hole and adjacent drill holes.
Expanding a Contiguous High-Grade Zone
This latest result complements earlier high-grade intercepts from holes BO-25-27 and BO-25-28, which included intervals such as 5.4m at 7.6 g/t Au and 7.9m at 6.2 g/t Au, with visible gold observed in core samples. Together with historical drilling, including a 9m intercept at 16.96 g/t Au from hole BO-21-08, these results delineate a continuous high-grade gold zone extending over 300 metres. Importantly, this zone remains open along strike to the west and both up-dip and down-dip, suggesting substantial potential for resource growth.
Strategic Location on the Cadillac Break
The Bousquet Project sits on the Cadillac Break, a renowned regional geological structure hosting world-class gold deposits exceeding 110 million ounces. The project is strategically located within 15 kilometres of major operating gold mines such as Agnico Eagle’s La Ronde (15.8 Moz Au) and Iamgold’s Westwood (2.4 Moz Au). This proximity underscores the prospectivity of Olympio’s landholding and the potential for significant discoveries.
Ongoing Exploration and Future Plans
Olympio has completed three holes totaling 902 metres at Paquin, with assays pending for the third hole drilled 50 metres west of earlier holes. The company is actively planning further drilling to test the high-grade western zone and extend mineralisation along the interpreted structure, which geophysical surveys suggest extends over one kilometre beneath shallow glacial cover. Additionally, drilling continues at the Amadee and Decoeur prospects within the Bousquet Project, with assay results expected soon.
A Promising Chapter for Olympio Metals
Managing Director Sean Delaney expressed optimism about the results, highlighting the confidence gained from the 54 g/t gold intercept and the potential to expand the high-grade zone. The company holds an option to earn an 80% interest in the Bousquet Project from Bullion Gold Resources, positioning Olympio to capitalize on this emerging gold district. As exploration advances, the market will be watching closely for further assay results and resource updates.
Bottom Line?
Olympio’s latest high-grade gold discovery at Paquin could be the catalyst for a major resource expansion along the Cadillac Break.
Questions in the middle?
- How extensive is the newly identified high-grade mineralised lens at depth and along strike?
- What will upcoming assay results from Amadee and Decoeur prospects reveal about regional gold potential?
- How might these drilling results influence Olympio’s timeline and strategy for resource definition and development?
