Olympio ramps up Canadian gold work after cashing in non-core blocket

The Paquin–Amadee trend remains open to the west with no previous drilling, while magnetic data suggests the structure may swing west-northwest. The new soil sampling is designed to pinpoint any such deflection.

Olympio says the samples have now been submitted to the laboratory for ***ysis, with results expected in the coming weeks. Strong gold and pathfinder trends from sample ***ysis will be used to refine high-priority drill targets.

Meanwhile, the company’s geologists are also re-logging and selectively re-sampling historical diamond core from the Paquin prospect.

Recent oriented core drilling has also delivered the project’s first reliable structural dataset, feeding a new 3D model that pinpoints previously un-sampled or under-sampled zones down-dip and down-plunge of the known gold lodes.

Planning for the next round of drilling at Paquin is already in progress, with final blockays still awaited from the recent diamond drilling program, including five drill holes from Paquin and the nearby CB-1 target.

The company’s renewed activity follows yesterday’s announcement that Olympio has signed a binding agreement to divest 100 per cent of its nearby, non-core Dufay project to TSX-V-listed Fokus Mining Corporation for C$500,000 ($A544,700) in cash and shares.

Olympio says the sale will sharpen its exploration focus and provides additional funding for the company’s Bousquet program, where it is earning an 80 per cent interest from a C$1.25 million (A$1.36M) down-payment and a C$2 million (A$2.18M) exploration commitment.

With a streamlined portfolio, fresh capital from a recent placement and its non-core ground sale and multiple exploration fronts now active, Olympio is aggressively advancing what it regards as one of the most prospective underexplored sections of the Cadillac Break.

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