Untested Structures at Bousquet Pose Risk and Opportunity for Olympio Metals

Emerging Gold Discovery on the Cadillac Break

Olympio Metals Limited (ASX, OLY) has delivered a compelling update on its Bousquet Project, situated on the prolific Cadillac Break in Quebec, Canada. The company’s latest drilling campaign has confirmed significant gold mineralisation across a broad structural corridor exceeding three kilometres east-west and over one kilometre north-south. This scale of mineralised structures supports the potential for a gold deposit exceeding one million ounces, a milestone that would place Bousquet among notable discoveries in the region.

Drilling to date has intersected high-grade gold mineralisation at three key prospects, Paquin, Amadee, and Decoeur, with all assay results received so far confirming the presence of valuable gold grades. Visible gold has been reported in multiple drill holes, underscoring the quality of the mineralisation. Importantly, these prospects remain open along strike and at shallow depths, indicating substantial upside for resource expansion through systematic drilling.

Unlocking New Targets with Advanced Geophysics

Olympio’s exploration strategy has been bolstered by the re-processing of historical Very Low Frequency (VLF) electromagnetic surveys. These surveys have delineated numerous gold-bearing structures that correlate strongly with known mineralised zones but extend well beyond current drilling limits. Most of these interpreted structures, which appear as splays off the North Bousquet Fault, have never been drill tested, presenting fresh high-priority targets for upcoming exploration phases.

Moreover, a significant 10-kilometre strike length north of the Cadillac Break remains unexplored by Olympio, offering a substantial frontier for discovery. This area includes the Normar Nord Prospect, associated with a porphyry intrusive, which is earmarked for future drilling. The geological setting and mineralisation style bear resemblance to nearby world-class deposits such as the O’Brien Project and the Hecla Mining Company’s Hosco deposit, both within 15 kilometres of Bousquet.

Strengthening the Team with Regional Expertise

Adding to the project’s momentum, Olympio has integrated Martin Demers, a seasoned geological expert with over two decades of experience in the Abitibi Gold Region, into its exploration team. Mr. Demers’ track record includes pivotal roles in advancing the Casa Berardi Mine and contributing to resource growth at the Heva and Hosco deposits adjacent to Bousquet. His expertise is expected to enhance drill planning and interpretation, accelerating the path toward defining a significant gold resource.

Looking Ahead, Systematic Drilling and Market Implications

Olympio is preparing to systematically drill multiple high-priority structural targets identified from the VLF EM data, with assay results from ongoing drilling anticipated over the next two months. The company’s Managing Director, Sean Delaney, emphasised the early-stage nature of the discovery and the substantial exploration upside remaining. The proximity of Bousquet to established multi-million ounce gold mines provides a clear pathway to potential future production, positioning Olympio as a notable player in the Quebec gold exploration landscape.

While the true widths of mineralisation are yet to be fully calculated and some assay results remain pending, the current data paints an encouraging picture. Investors and analysts will be watching closely as further drilling and assay results unfold, which could significantly influence Olympio’s valuation and strategic direction.