Olympio Metals has confirmed promising high-grade gold soil anomalies at its Bousquet Gold Project in Quebec, highlighting a new priority target and preparing to resume drilling following significant historical intercepts.
- Maiden soil sampling reveals gold up to 0.58 g/t Au at T1 Target
- Historical drilling intersected 105m at 0.22 g/t Au within tonalite intrusion
- Seven regional targets identified with minimal prior exploration
- Drilling to recommence imminently to follow up over 100 significant gold intercepts
- Bousquet Project strategically located near major gold mines on Cadillac Break
Soil Sampling Confirms New Gold Target
Olympio Metals Limited (ASX, OLY) has announced encouraging results from its maiden soil sampling program at the Bousquet Gold Project in Quebec, Canada. The program, which collected 303 soil samples across 1.6 square kilometres, identified gold concentrations reaching up to 0.58 grams per tonne (g/t) in soils, delineating a new priority target known as T1. This target is centred on a tonalite intrusion, a geological feature historically associated with gold mineralisation.
Historical drilling at T1, conducted by previous operators, intersected a substantial 105-metre interval averaging 0.22 g/t gold from 150 metres depth, underscoring the prospectivity of this intrusion. The recent soil sampling has not only confirmed the presence of gold but also revealed a pathfinder element trend including arsenic, molybdenum, antimony, tin, tantalum, and tungsten, which often accompany gold mineralisation.
Expanding the Exploration Footprint
Beyond T1, Olympio has identified seven regional targets (T1 to T7) through comprehensive geophysical interpretation and historical data compilation. Notably, targets T2, T3, and T7 share structural similarities with the Paquin prospect, a known gold-bearing zone, yet have seen little to no prior exploration. This opens the door for potential new discoveries within the project area.
One standout is the T6 target, defined by an untested induced polarization (IP) geophysical anomaly near a major fault and the Cadillac Break, a significant regional gold-bearing structure. Historical drilling near T6 has intersected anomalous zinc, copper, and silver, suggesting potential for polymetallic mineralisation.
Strategic Location and Upcoming Drilling
The Bousquet Project benefits from its location on the Cadillac Break, a prolific gold corridor hosting world-class deposits such as Agnico Eagle’s La Ronde mine (15.8 million ounces of gold) and Iamgold’s Westwood mine (2.4 million ounces). Olympio’s Managing Director, Sean Delaney, emphasised the significance of the soil sampling results, stating that the findings validate the team’s exploration approach and highlight untapped potential beyond known prospects.
Drilling activities are set to resume imminently, targeting over 100 significant gold intercepts from previous campaigns, particularly at the Paquin Prospect. The company is progressing regulatory approvals and prioritising targets to maintain a robust pipeline of drill-ready zones. This next phase aims to build on the encouraging soil geochemistry and historical drilling data to advance the project towards resource definition.
Looking Ahead
Olympio Metals holds an option to acquire an 80% interest in the Bousquet Project from Bullion Gold Resources, with payments and exploration commitments well underway. The project’s extensive historical data, combined with modern exploration techniques, positions Olympio to unlock value in this underexplored segment of the Cadillac Break.
As the company prepares to mobilise its drill rig, investors and analysts will be watching closely for assay results that could confirm the presence of economically viable gold mineralisation and potentially elevate the project’s profile in the competitive Quebec gold landscape.
Bottom Line?
With drilling poised to restart, Olympio Metals is on the cusp of turning promising soil anomalies into tangible gold resources.
Questions in the middle?
- Will the upcoming drilling confirm the extent and grade of gold mineralisation at the T1 Target?
- How will Olympio prioritise and advance the seven newly identified regional targets?
- What impact will the quality and continuity of historical drilling data have on resource estimation?