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Highlights
Olympio Metals (ASX:OLY) secures approval to commence drilling at Bousquet Gold Project in Québec
Initial drilling phase targets Paquin, Decoeur, and Decoeur Extension prospects
Canadian contractor Explo-Logik preparing site with rig mobilisation underway
The materials sector received new activity as Olympio Metals (ASX:OLY) confirmed regulatory approvals to initiate drilling at its Bousquet Gold Project located in Québec, Canada. The company's announcement was closely watched on the ASX 200, with the project lying near two prolific mining hubs: the Rouyn-Noranda gold-copper centre and the Bousquet Mining Camp. The nearby La Ronde and Westwood mines are known regional gold producers, enhancing the strategic interest in the Bousquet tenements.
Olympio Metals, an Australian mineral exploration company, is focused on identifying gold and other critical mineral systems across Australia and Canada. The latest development places emphasis on its North American gold initiatives as preparations for on-ground operations intensify.
Phase One Targets Key Gold Prospects
The company’s drilling campaign at Bousquet is structured in two stages. Phase one is designed to deliver a structured geological understanding using diamond drilling. The orientation of drill cores is expected to help outline structural frameworks, supporting exploration across the Paquin, Decoeur, and Decoeur Extension areas.
These three zones have previously been explored by different operators, with some historical data highlighting significant mineralisation. Olympio Metals aims to build on this foundation, progressing toward broader interpretation of subsurface gold systems.
Contractor Mobilisation in Progress
Preparations at the site are already in motion, supported by Canadian exploration contractor Explo-Logik. The rig is being mobilised for the first phase of operations, and the site team is coordinating logistics to ensure timely execution of the work program.
Olympio Metals confirmed that once the initial drilling campaign is completed, core samples will be sent for laboratory testing. The company expects the earliest assay results within weeks of completion, providing insight into subsurface characteristics and further informing future stages of exploration.
Program Development Based on Early Data
The structure of the project allows the second phase of drilling to be guided by outcomes from phase one. By leveraging early geological data, the subsequent stage will aim to expand upon mineralised trends and refine exploration targets.
Such a phased approach is designed to ensure that resources are directed efficiently, with continuous updates from drill data informing ongoing planning. The company’s technical team is coordinating closely with field geologists and local contractors to maintain operational momentum.
Project Positioned Near Productive Mining Belt
The Bousquet Gold Project’s location provides a logistical and geological advantage, situated between established mining infrastructure and well-studied geological formations. Its proximity to major producing operations underscores the significance of continued exploration activity in the area.
Olympio Metals (ASX:OLY) remains committed to advancing the project, with site mobilisation and drilling activities placing the company at the centre of active exploration in a historically productive region.
