Olympio Metals (ASX:OLY) Surges on Visible Gold at Bousquet | All Ordinaries

June 24, 2025 03:41 PM AEST | By Team Kalkine Media

Olympio Metals (ASX:OLY) Surges on Visible Gold at Bousquet | All Ordinaries — Image source: shutterstock

Drilling at Paquin Prospect Delivers Encouraging Visual Results

The Bousquet Gold Project’s current diamond drilling campaign spans several thousand metres, with drillhole BO-25-27 intersecting a smoky quartz vein hosting visible gold within a broader zone of mineralised rock. According to the company, smoky quartz has historically been a reliable indicator of gold mineralisation throughout the project area.

Olympio Metals confirmed that this early intersection suggests the gold system extends westward from previously mapped zones. The initial findings are undergoing priority logging and sampling ahead of lab assay submissions. Results are expected to be returned in the coming weeks.

Follow-up Drilling Commences to Map Western Continuation

Drilling activity is continuing at the Paquin prospect, with a focus on testing the western extension of the mineralised structure. Three additional holes are planned in this area, aimed at refining the geological model and identifying consistent mineralisation trends.

The Bousquet site is strategically located near multi-million-ounce gold deposits, situated along the well-known Cadillac Break. Its infrastructure advantages support all-season access for exploration work, enhancing efficiency and cost-effectiveness for drilling crews.

Bousquet Complements Olympio’s Broader Gold Strategy

The Bousquet Gold Project is considered a key asset within Olympio’s expanding portfolio, which also includes the nearby Dufay Gold-Copper Project. Both projects are aligned along the Cadillac Break and present numerous structural targets that remain underexplored.

Olympio Metals has highlighted the region’s rich history of gold production and favourable geological formations, with several prospects still untested by modern techniques or drill programs.

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