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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.047 -0.02 (-29.85%)+
Announcement
Release
20 Apr 2026 8:20AM
Price at Release
$0.067
Full Release
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Summary
Olympio Metals Limited reported significant increases in gold grade at depth from phase 2 diamond drilling at the Paquin Prospect of the Bousquet Project. The drilling revealed 36 additional significant gold intercepts, bringing the total to 138. Notably, a bonanza intercept of 19.40m at 17.29 g/t Au was identified, indicating a substantial increase in gold grade down plunge. This project, located on the Cadillac Break in Quebec, is near several world-class gold mines. Olympio plans further exploration to test lateral and down-plunge extensions of the mineralized zones and will conduct a televiewer survey for additional structural insights.
Key Points
  • Phase 2 diamond drilling at Paquin Prospect shows high-grade gold results.
  • 36 new significant gold intercepts identified, totaling 138.
  • Bonanza intercept of 19.40m at 17.29 g/t gold from depth.
  • Project located on the Cadillac Break in Quebec, near major gold mines.
  • Further exploration planned to test mineralized zone extensions.
  • Televiewer survey to provide structural insights.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.