All 12 holes drilled and assayed to date across Bousquet’s three prospects – Paquin, Amedee and Decoeur – have intersected high-grade gold, underscoring the project’s consistency.
Earlier this month, Olympio reported 1.5m at 54.2g/t gold from 235.5m at Paquin, 1.2km east-northeast of Decoeur, complementing previous assay returns from the same hole of 7.9m at 6.2g/t, including 1.3m at 17g/t gold.
Olympio Metals managing director Sean Delaney said: “We are delighted to have returned the best intercept at Decoeur with a single targeted drill hole. Hole BO-25-40 has confirmed a previously unrecognised geological interpretation at Decoeur and we are confident that further drilling with this strategy will provide an opportunity to upgrade the scale of the Decoeur prospect.”
Delaney said a previous hole at Decoeur significantly extended the prospect’s gold mineralisation to the east near-surface, supporting the company’s interpretation that the North Bousquet Fault is a fundamental regional structure with previously unrecognised prospectivity for gold mineralisation.
The Paquin-Amedee trend, 550m north of the North Bousquet Fault, suggests a potentially continuous mineralised strike along more than 1km, while Decoeur’s results point to potential extensions toward the Joannes prospect, 800m west of Decoeur.
Olympio has drilled two further holes about 250m and 450m east of the first hole at Decoeur, which also intersected sulphide-bearing talc-schists, pointing to possible eastward continuity of Decoeur’s mineralisation.
The company awaits assay results from these two holes which targeted the same fault-hosted talc-schists highlighted by historic very low frequency (VLF) electromagnetic data which combined, demonstrate the strike continuity of the North Bousquet Fault.
The 1986 VLF survey detected several linear conductors in the Bousquet ground, such as sulphides or graphitic schists, associated with an induced polarisation (IP) geophysical response, providing a further drilling guide.
Olympio expects to receive more results from its current drilling program over the next two months, which will help it prioritise shallow mineralisation and north-trending structures, particularly along the North Bousquet Fault trend east of Decoeur.
The combination of geophysical data, historical drilling gaps and recent intercepts from the company’s ongoing drilling campaign positions the Bousquet project as a compelling exploration opportunity along the prospective Cadillac Break.
With ongoing drilling, more assays in the pipeline, three massive third-party gold projects on strike that contain more than 1 million ounces gold within 10km and multiple expanding targets on the same trend, Olympio is looking well-situated to identify significant further value from this world-class gold region.
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