AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Paquin East identified as a high-priority gold prospect.
- Located on the resource-rich Cadillac Break.
- Drilling anticipated for Q3 2025.
Olympio Metals Limited (ASX:OLY) has marked the Paquin East gold prospect as a high-priority drilling target within the Bousquet Gold Project, strategically situated in Canada. This initiative comes after acquiring the project, which has revealed promising geological findings, including notable high-grade gold intercepts.
The Bousquet Gold Project, now under Olympio Metals Limited’s management, benefits from its prime location along the Cadillac Break, a region celebrated for its substantial gold and copper deposits. This area covers an expansive 24 square kilometres, including a 10-kilometre strike of the Cadillac Break, enhancing the potential of Olympio’s adjacent Dufay Au-Cu Project.
The project area is not only rich in resources but also well-equipped with essential infrastructure such as roads, rail, and hydroelectric facilities, ensuring accessibility and operational efficiency all year round.
Recent explorations at the Paquin East prospect have been particularly exciting, uncovering intercepts as high as 9 metres at 16.96 grams per tonne of gold. These results are especially significant given the minimal historical drilling done in this area, suggesting a vast untapped potential. The prospect remains open along strike, indicating possible extensions of the gold mineralisation.
Technical evaluations suggest that the Paquin East prospect exhibits a typical "pinch and swell" pattern in its host quartz vein systems, a geological feature often associated with significant gold deposits. The presence of coarse gold has been consistently noted, further underscoring the prospect's appeal and the urgent need for more comprehensive exploration.
Olympio Metals Limited’s Managing Director, Sean Delaney, has expressed high hopes for this site, noting the past drilling results and the geological continuity suggested by surface observations. "Exploring the western extension of the Paquin East prospect has emerged as a priority drill target for Olympio. The historical drill intercept of 9m at 16.96 g/t Au occurs on the western margin of the prospect and yet it has only been followed up with a single hole 10m along strike," Delaney stated.
The company has moved forward with submitting drill holes for permit approval, anticipating the commencement of drilling operations during the Canadian summer of Q3 2025. This planned drilling campaign is expected to further delineate the extent and richness of the gold mineralisation at Paquin East, potentially leading to a significant expansion of the mineralisation envelope and enhancing the project’s overall value.
