Olympio Metals extends strike of Quebec gold prospect to 1.7km
- Doug Bright
- Oct 28
- 3 min read
Olympio Metals (ASX: OLY) has confirmed a major gold system is emerging from drilling results along the North Bousquet Fault at its Bousquet Project that straddles Quebec’s famed Cadillac Break, with new assays extending the Decoeur Prospect by over 400m to 1.7 kilometres.
One hole returned 7.1m assaying 1.43 grams per tonne (g/t) gold from 47.1m, supporting an immediate prior hole and further reinforcing the inferred strike connection between Decoeur Extended and the Joannes prospect to the west, which features a historical 3m drill intercept at an impressive 13.10g/t gold.
The latest intercept provides a solid indication of a greater than 1.7km-long continuous gold-fertile trend which remains open in both east and west directions.
Encouragingly, down-dip potential at Decoeur also remains strong, highlighted by a previous hole which intercepted 14.5m assaying 1.96g/t gold from 355.5m - the best intercept recorded to date from Decoeur within North Bousquet Fault.
At the CB-1 target, about 2.3km northeast of Decoeur and 760m north-northeast of Paquin, first-pass drilling intersected 2.70m going 1.49g/t gold from 289.5m which confirms a third east-west trending feeder structure north of Paquin.
Visible gold logged in the company’s first hole at CB1 at 225.1m provided a touch of excitement, with assays pending for two more holes to test the more than 200m inferred strike continuity along the CB1 trend.
We are excited to see drilling at the Decoeur Prospect continue to increase the scale of this mineralised system. Drill hole BO-25-51 extends gold mineralisation to the east while the Joannes Prospect indicates an extension to the west. The mineralised system has expanded over 1.7km and has demonstrated down dip potential.
Olympio Managing Director Sean Delaney
Drilling of the VLF target south of Paquin intersected stacked gold-bearing veins, including 1.10m at 3.43g/t gold from 188.50m, providing structural vectors towards the Paquin system.
The VLF target was named from historical very low frequency (VLF) electromagnetic geophysical surveys, specifically a 1986 survey that identified linear conductors (such as potential sulphides or graphitic schists) associated with induced polarisation (IP) anomalies.
The VLF surveys mapped multiple mineralised structures along the Cadillac Break which Olympio has reprocessed to prioritise drilling targets such as VLF, the signatures to broader structural trends that include the North Bousquet Fault and potential splays off it towards Paquin.
Located within 15kms of Agnico Eagle’s 15.8M ounce La Ronde gold project and Iamgold’s 2.4M ounce Westwood gold project, Olympio’s Bousquet Project sits on the prolific Cadillac Break which has an estimated regional endowment exceeding 110M ounces of gold.
Olympio retains an option to earn 80% of the project from Bullion Gold Resources for C$1.25M (A$1.36M) in cash and shares and C$2M (A$2.18M) expenditure on exploration of which C$300k has been paid and about C$1M has been expended, respectively. Bullion Gold retains a 20% interest.
Next steps include a 2,300m diamond drilling program at Paquin to modernise shallow historical data to acquire compatibility for a JORC resource estimation and a 4,200m diamond drilling campaign to test down-dip and strike extensions.
Decoeur’s newly-defined 1.7km trend will also be structurally reviewed to prioritise high-grade shoots.
With multiple structures now active and significant strike trends open, Olympio is planning to fast-track its high-impact drilling at Paquin while further investigating and refining other areas of interest across regional targets north of the Cadillac Break.
For now however the Bousquet project is rapidly evolving into a multi-deposit gold camp – with 1.7km of confirmed strike in the Joannes-Decoeur trend, deep high-grade hits, further results to come from two holes at CB1 and a new feeder structure north of Paquin. All of which point to substantial scale potential within a world-class gold belt.
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