The Decoeur and Decoeur Extension prospects have also delivered a pleasant surprise. Drilling of four holes has extended gold mineralisation along the North Bousquet Fault to a strike length of 1.7 kilometres. One hole intersected 14.5m at 1.96g/t gold from 355.5 metres, showing the system remains mineralised to at least 290 metres vertical depth and is still wide open along strike and down dip.
Olympio Metals managing director Sean Delaney said: “We are very pleased with the results from our thirty two hole diamond drilling program at Bousquet completed last year. The maiden program at Bousquet South has highlighted three main structural trends through Decoeur, Paquin and CB-1. Each of these structural trends has successfully demonstrated multiple significant gold intercepts, confirming that Bousquet South is a large gold system with multiple deposit potential.”
Meanwhile, the company’s separate CB-1 target, centred about 750m northeast of Paquin, has emerged as a third key structural corridor. Drilling of five holes has identified multiple gold-bearing zones associated with a fold hinge. Best results included a significant high-grade intercept of 1.3m at a respectable 12.2g/t gold from 218.2 metres, putting a solid confirmatory stamp on the historic CB-1 discovery intercept of 2.9m going at 5.70g/t gold from 63.26m. The company now believes at least three fertile structures are present in this area alone.
What really adds spice to the company’s story is the location. Olympio’s Bousquet project straddles the Cadillac Break and is just 15 kilometres west of major operating mines, including Agnico Eagle’s 15.8 million ounce La Ronde complex and Iamgold’s 2.4 million ounce Westwood mine. It is also less than 3km east of Hecla Mining’s 1.8 million ounce Hosco deposit, placing Olympio firmly in world-class gold territory.
With around 80 per cent of the Bousquet project area – which covers a 10-kilometre strike of the Cadillac Break and related structures – still unexplored, Olympio has plenty of scope to develop and expand.
The company’s next phase of drilling will focus on firming up the dimensions and grade continuity of the high-grade zones within the main lodes, while continuing to build a robust structural model to guide future exploration.
For a company still in the early stages of unlocking Bousquet’s potential, its maiden drilling has delivered a powerful first impression, suggesting its Cadillac Break address could prove to be very valuable real estate.
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