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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.047 0.002 (4.44%)+
Announcement
Release
9 Jun 2026 8:28AM
Price at Release
$0.045
Full Release
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Summary
Olympio Metals Limited has initiated Phase 3 drilling at the Bousquet Gold Project in Quebec, following a successful Phase 2 where a significant gold intercept was discovered. The new drilling phase, covering approximately 1,500 meters, targets the lateral and down-dip extents of the high-grade lode to expand the known mineralization area. This phase is informed by preliminary data from the project's first down-hole televiewer survey. Having recently secured 51% ownership of the Bousquet Gold Project, Olympio aims to increase its stake to 80% by meeting specific financial commitments. The project is strategically located near significant gold mines on the Cadillac Break, enhancing its potential for substantial gold production.
Key Points
  • Olympio Metals Limited commenced Phase 3 drilling at the Bousquet Gold Project.
  • The project aims to explore the lateral and down-dip extent of a high-grade lode.
  • Phase 3 targets are based on preliminary data from a down-hole televiewer survey.
  • Olympio has reached a 51% ownership of the Bousquet Gold Project.
  • The Bousquet Gold Project is located on the Cadillac Break in Quebec, Canada.
  • Olympio is targeting further high-grade gold intersections following a previous bonanza intercept.
  • The company plans to earn up to 80% ownership by fulfilling certain financial commitments.
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.