Olympio Metals Limited Extends Bousquet Drilling Program in Quebec, Targeting High-Grade Gold at Amadee & Paquin Prospects

Wednesday, July 9, 2025
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8:24 am
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Olympio Metals Limited is expanding its Bousquet drilling program in Quebec, targeting promising gold zones at the Amadee Prospect. Early signs, including visible gold and robust historical intercepts, boost investor optimism as the company ramps up exploration activities in a renowned gold district.

Olympio Metals Limited has announced an extension of its drilling program at the Bousquet Project in Quebec, Canada. The company is expanding its exploration efforts at the Amadee Prospect—a target that shares geological similarities with the nearby high-grade Paquin Prospect. Historical drilling at Amadee has yielded promising results, including an intersection of 1.52 meters at 6.8 grams per tonne gold from a depth of 16.8 meters, suggesting that the area may hold significant potential. Recent field inspections have revealed mineralized smoky quartz veins that mirror the structures known to host gold at Paquin, prompting the company to give Amadee higher exploration priority. The expanded drilling program, which now exceeds the initial 2400-meter plan, includes the completion of eight new drillholes totaling 898 meters at Amadee. This work is designed to test the extent of the mineralization beyond the shallow historical data, where gold mineralization appears to extend over more than 200 meters of surface strike. In addition to Amadee, the program will target the Decoeur Extension, a large induced polarization anomaly, to assess its potential for additional gold mineralization. First assay results from the current campaign are expected from mid-July, and further drilling plans are in place for both the Paquin and Decoeur areas. Market observers may view the announcement with mixed sentiment. On the bullish side, the extension of the program and the encouraging historical drill results underline the potential for a significant discovery, as the drilling targets could be part of an extensive mineralized structure extending over a kilometer. The company’s strategic focus on promising targets and its use of modern drilling techniques provide a positive outlook for resource expansion. Conversely, from a bearish perspective, the reliance on historical data and the inherent risks associated with early-stage exploration could temper expectations. Delays in assay results or variations in gold grades could impact the near-term outlook, and the forward-looking nature of the statements reminds investors of the uncertainties involved in exploration activities. Overall, Olympio Metals Limited’s decision to expand its drilling efforts reflects a strong commitment to advancing the Bousquet Project and unlocking potential value in one of Quebec’s most promising gold regions.

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