Olympio Metals Limited’s Maiden Drill in Quebec Uncovers Visible Gold in 9m Zone at Bousquet Gold Project – Assays Expected by Mid-July

Tuesday, June 24, 2025
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10:35 am
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Olympio Metals Limited has announced visible gold in its maiden drillhole at the high-grade Paquin prospect, Quebec, within the Bousquet Gold Project. With assay results expected mid-July, this early discovery fuels optimism for significant gold potential, attracting attention from budding investors.

Olympio Metals Limited announced promising early results from its maiden drilling program on the Bousquet Gold Project in Quebec, Canada. In the first drill hole, designated BO-25-27 at the Paquin prospect, the company observed visible gold within a smoky quartz vein. The gold was first seen at approximately 187.9 meters and occurs within a 9‐meter zone from 183 to 192 meters, where 25% discordant dark quartz veining is associated with sulphide mineralisation composed of 5–7% arsenopyrite, pyrite, and pyrrhotite. The drill log indicates that additional quartz veining, sulphides, and alteration extend down to 286 meters. The project, positioned along the Cadillac Break—a geological structure linked to world-class gold deposits exceeding 110 million ounces—has already delivered high-grade intercepts in historical drilling, including a notable 9-meter interval averaging 16.96 grams per tonne gold at Paquin. Managing Director Sean Delaney expressed confidence in the potential of the Bousquet Gold Project, highlighting that the visible gold not only extends the mineralisation to the west but reinforces the region’s overall exploration promise. Drilling is currently underway at the western extension target, and assays from hole BO-25-27 are expected to be released by mid-July. From a market perspective, sentiment appears cautiously optimistic. Bullish investors may view the early detection of visible gold, along with the significant geological indicators and robust historical intercepts, as a positive sign of potential high-grade mineralisation and a strong exploration model in a region with established gold production. On the other hand, bearish sentiment might arise from the inherent uncertainties of early drilling results—such as the reliance on visual estimates until laboratory assays confirm the grade—and the technical risks associated with exploring complex ore bodies. Overall, the initial findings have added an encouraging note to Olympio Metals Limited’s exploration strategy, potentially laying the groundwork for further development in a prolific gold district.

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