Olympio Metals (ASX:OLY) announced a breakthrough at its Bousquet Gold Project in Quebec, Canada, following a successful maiden soil sampling program.
The exploration initiative, which covered a 1.6km2 area with 303 samples, has delineated a new priority exploration zone known as the T1 Target.
Preliminary results are highly encouraging, with several samples returning high-grade gold assays peaking at 0.58 g/t Au.
The T1 Target is characterised by a prospective tonalite intrusion, bolstered by historical drilling data that previously intersected 105km2 at $0.22.
The project sits within the prestigious Cadillac Break, a geological structure renowned for hosting world-class deposits totaling over 110 million ounces of gold.
Its prime location places it within 15km of Agnico Eagle’s La Ronde (15.8Moz) and Iamgold's Westwood (2.4Moz) mines.