Olympio Metals wraps up 7000m maiden drilling program in Quebec
- Doug Bright
- Sep 30, 2025
- 3 min read
Olympio Metals (ASX: OLY) has completed a 32-hole, 7083-metre maiden drilling program at its Bousquet project, which sits along the gold-rich Cadillac Break in Quebec, Canada, a structure linked to more than 110 million ounces of gold. Key results from Paquin highlight the project’s potential, and more assays are pending.
The program targeted the Paquin, Paquin South, Decoeur East and CB1 prospects. Recent assays from four holes at Paquin delivered compelling gold intercepts, including 4.9m assaying 2.16 grams per tonne (g/t) gold in one hole, 2.6m going 3.13g/t gold in a second hole, and 1m at 6.33g/t gold in a third hole.
These results build on earlier assays from the program, including 5.4m assaying 7.6g/t gold in one hole and 1.5m averaging a very handy 54.2g/t gold in a following hole, further confirming the robust style of Paquin’s gold mineralisation.
The Paquin prospect now spans 360m along strike, remains open to the west toward the Amadee prospect and eastwards, and shows more than 200m of down-dip potential.
Olympio’s first drilling program at Bousquet was significantly expanded from our originally planned 2500m to over 7000m to test exciting targets in an area of more than 3km strike along the Cadillac Break. These results give us confidence that Paquin will continue to grow as we explore the down dip potential, and we have assay results for another 15 holes still to come.
Olympio Metals Managing Director Sean Delaney
Importantly, historical very low frequency electromagnetic (VLF EM) geophysical data strongly supports structural continuity between Paquin and Amadee over a 1.2km strike.
The North Bousquet Fault, a known conductor that responds to VLF EM, aligns with these findings, suggesting that disseminated sulphides or graphitic schists host the mineralisation.
Importantly, the Amadee–Paquin VLF EM anomaly indicates that extension potential exists east and west of both prospects, which may amount to a total length of up to 3km. The trend might intersect the North Bousquet Fault, a possibility subject to further geological confirmation.
Demonstrating that the extended Amadee-Paquin trend could be a diagonal tensional shear structure would suggest it could be one of many likely to exist between the North Bousquet Fault and the Cadillac Break - as a result of their respective movements - but this would require confirmation through detailed structural studies.
Existing VLF interpretations indicate multiple parallel, similar structures, one of which appears to host the nearby Paquin Deeps - north of Paquin. A similar structure further north hosts the CB-1 prospect.
Fifteen of the recent diamond holes await logging and sampling, with results expected over the coming months. Olympio’s geological team is analysing data to plan the next drilling phase, while regional data reviews are identifying new targets.
If the interpretation of multiple complementary diagonal tensional shear sets between the North Bousquet Fault and the Cadillac Break can be proven, the outcome could be game-changing.
Multiple opposing shear sets have already been interpreted from VLF EM, which could mean that intersections between opposing shear sets could also host new targets, of which CB-1 could be an example.
Positive CB-1 results could go some way to supporting this structural model, with assays expected soon.
These interpretations, if confirmed by structural studies and pending assays, could reveal significant additional target potential.
Olympio holds an option to acquire an 80 per cent interest in Bousquet from Bullion Gold Resources, having paid C$300,000 (A$330,000) and invested nearly C$1 million (A$1.09 million) in exploration toward a C$2 million (A$2.18 million) commitment.
Bousquet is within 15km of major gold mines, including Agnico Eagle’s 15.8-million-ounce La Ronde mine and IAMGOLD’s 2.4-million-ounce Westwood operations, and holds significant potential.
With pending assays and detailed structural analysis already underway, Olympio is well-positioned to make significant advances at its Bousquet exploration on the prolific Cadillac Break.
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