Olympio Metals Uncovers Multiple High-Grade Gold Structures at Bousquet

Strong Drill Results Highlight Bousquet’s Potential

Olympio Metals Limited (ASX, OLY) has announced the final assay results from its preliminary 2025 drilling campaign at the Bousquet Gold Project in Quebec, Canada. The results confirm multiple high-grade gold intersections, including a standout intercept of 1.3 metres grading 12.2 grams per tonne gold at the CB-1 target. This discovery adds to the growing evidence that Bousquet hosts a significant and complex gold system.

The CB-1 target now boasts at least three fertile gold-bearing structures, distinct from previous intercepts, underscoring the structural complexity and potential scale of mineralisation. These findings are particularly encouraging given the proximity of Bousquet to established multi-million ounce gold mines such as Agnico Eagle’s La Ronde and Iamgold’s Westwood, both situated within 15 kilometres along the renowned Cadillac Break.

Paquin Prospect Emerges as a Key Zone

At the Paquin Prospect, the final three drill holes have confirmed a broad gold-bearing structural zone extending over 100 metres downhole, with grades reaching up to 4.22 g/t gold. The mineralised lodes form an en-echelon array trending east-west over 1.3 kilometres and remain open both down-dip and along strike. This structural model suggests a large mineralised system with significant exploration upside.

Olympio’s geology team is now well-positioned to refine their structural understanding and efficiently target extensions of these gold lodes. The thin overburden cover of approximately 10 metres at Paquin further enhances the project’s attractiveness by potentially reducing mining costs.

Strategic Location and Next Steps

Situated on the Cadillac Break, a major regional structure associated with world-class gold deposits exceeding 110 million ounces, the Bousquet Project benefits from a highly prospective geological setting. Olympio holds an option to acquire an 80% interest in the project from Bullion Gold Resources, with ongoing exploration expenditure commitments.

With the completion of this initial drill program, Olympio is planning a follow-up campaign guided by updated structural models. This next phase will focus on testing the plunge directions of the main high-grade lodes at Paquin and expanding drilling at CB-1 to better define the extent and continuity of the mineralisation. Additionally, regional exploration targets north of the Cadillac Break are being developed, promising further growth opportunities.

Managing Director Sean Delaney expressed confidence in the project’s potential, highlighting the value of the structural insights gained and the company’s readiness to advance high-impact drilling in 2026.