Olympio Metals managing director Sean Delaney said: “The Bousquet project is rapidly emerging as a significant new gold discovery. Drilling has already confirmed mineralisation across a corridor more than three kilometres east-west and over one kilometre north-south, highlighting the scale potential of this system. Historical VLF surveys have mapped multiple mineralised structures that extend well beyond the known prospects yet remain largely untested, offering substantial scope for new discoveries.”
The company’s ground encloses an impressive 3-kilometre east-west strike trend along the Cadillac Break and the nearby North Bousquet Fault, which spans a north-south width of up to 1.5km. Olympio has defined multiple mineralised structures within the 4.5 square kilometre area, which indicate strong potential to contain one or more gold deposits exceeding one million ounces.
The prospects remain open along strike and have been defined at shallow depths, suggesting that plenty of room exists for further lateral and depth extensions.
Olympio’s field crew is systematically testing these zones, assisted by geologist Martin Demers, who has more than 20 years’ experience in Quebec’s renowned Abitibi gold region, which includes the Bousquet project.
Demers helped transform exploration results at Hecla Mining’s Casa Berardi project into a working mine and played a key role in resource growth of the Heva and Hosco deposits next door to Olympio’s Bousquet ground.
The company’s recent re-processing of historical very low frequency (VLF) electromagnetic data has proven to be a game-changer that has defined multiple gold-bearing structures.
Many of these structures extend beyond known mineralisation and are yet to be tested. They are linked to the North Bousquet Fault as possible northward splays and to the Cadillac Break as southward splays and are prime targets for Olympio’s expanded drilling program.
The VLF data shows areas of strong correlation with known gold zones, including drilled areas at Paquin, Paquin Deeps, Amadee and Decoeur, further boosting confidence in the project’s potential.
With much of the area covered by thin glacial till, these structures have long been obscured to surface prospecting efforts, making geophysical tools such as VLF critical for homing in on drill targets.
The nearby Normar Nord prospect, tied to a porphyry intrusive immediately north of the Cadillac Break within the Bousquet project area, is also a priority target for future work.
Olympio’s Bousquet project lies within a geological sweet spot, within 15km of Agnico Eagle’s massive 15.8-million-ounce La Ronde gold project and Iamgold’s 2.4-million-ounce Westwood operation.
The Bousquet project shares similarities with Radisson Mining’s 1-million-ounce O’Brien gold project, 15km to the east and about 2km southeast of La Ronde, where high-grade quartz reefs and broader low-grade zones mirror the Bousquet-style of mineralisation.
With assays from ongoing drilling expected over the next two months, Olympio is undeniably poised to build on its early successes.
The combination of the Bousquet project’s tantalising high-grade hits, numerous untested targets and its prime address between the Cadillac Break and North Bousquet Fault all paint a compelling picture of the area’s prospectivity and potential upsides.
Delaney said, more excitingly, the company has only scratched the surface. A further 10km of untested strike lies north of the Cadillac Break, which is directly along-trend from some world-class deposits.
Olympio is gradually unveiling that potential, with early drilling and geophysics all pointing to a possible large-scale gold system very close to world-class mines. As results roll in, the project’s profile will continue to grow, offering a potentially exciting development in one of Canada’s richest gold belts.
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