The Paquin/Amadee gold-mineralised corridor is currently interpreted to be more than 1850m long, with a dominant east-west orientation.
Most of the historical drilling has been tightly clustered around just two prospect centres across a strike of a little over one kilometre, leaving large stretches of the corridor barely tested. Beyond a handful of shallow scout holes, the ground between and along strike from these zones remains wide open, offering plenty of room for new discoveries to emerge.
Olympio Metals managing director Sean Delaney said: “We are excited to see the final drill results for the preliminary drill program at the Bousquet Gold Project. The program has given us a much greater understanding of the structural controls on gold mineralisation at the Paquin Prospect and gives us confidence that the Bousquet Project is host to a large gold system.”
Olympio’s Bousquet project straddles the stunningly gold-productive Cadillac Break, a regional structure that has historically produced more than 110 million ounces of gold. It lies within 15km of Agnico Eagle’s 15.8Moz LaRonde gold mine and Iamgold’s 2.4Moz Westwood gold operation.
Olympio is earning an 80 per cent interest in Bousquet through staged cash/share payments totalling C$1.25M (A$1.35M) and a C$2M (A$2.16M) exploration commitment, with nearly C$1.0M (A$1.08M) already spent.
With highly encouraging assay results from its first three-dimensional sortie into the major Cadillac Break area of influence now in hand, Olympio says it’s sharpening the structural model across the CB-1 and Paquin zones. The aim is to zero in on high-grade plunge extensions, while also hunting for untouched parallel lodes that could add fresh upside to the system.
Surrounded by giants, with a growing understanding of structural controls on gold mineralisation and high-grade mineralisation turning up across multiple structures, Olympio is already planning to remobilise for this year’s follow-up drilling once approvals are in place.
As work continues, the company appears to be gradually prising out the secrets underlying the potential of this underexplored segment of the world-class Cadillac Break.
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