Join our daily newsletter At The Bell to receive exclusive market insights
Gold explorer Olympio Metals (ASX:OLY) has boomed as much as +70% through Tuesday morning’s trade after unveiling some cracker final assays from first drilling at Bousquet, including intersects of up to 12.2 grams per tonne.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Investors and holders – of which Olympio has been bringing in more all morning, of course – were particularly excited by the preliminary victory.
Bousquet, which one HotCopper forum user dubbed a “sleeping beauty,” had its best intercept come in at 1.3 metres at 12.2 grams per tonne gold, from 218.2 metres. This hit represents a third fertile structure at CB-1, the Australian explorer says, and sits separate from the previous assays spruiked in CY25.
(Just recapping those now, Olympio previously brought in 2.9 metres at 5.7 grams per tonne from 63.26m and 2.7 metres at 1.49g/t from 289.5 metres. Both of those were found at the same Bousquet drillhole, “CB-1.”)
Olympio, like the markets through this morning, has been left “excited” by all these discoveries, and is now a whole lot more convinced that the Bousquet project, which lies on the “Cadillac Break” in Quebec, hosts a larger system.
“The program has given us a much greater understanding of the structural controls on gold mineralisation at the Pacquin prospect,” the Aussie explorer wrote.
Those Pacquin returns have confirmed a broad, gold-bearing structural zone extending over more than 100 metres downhole. Notable intercepts there included three metres at 2.21g/t gold from 24.35 metres and 1.5 metres at 4.22g/t gold from 92.5 metres, as well as 4.25 metres at 0.98g/t from 70.15 metres.
The Market Link understands Olympio is now also mulling its Bosquet option; it carries an 80% interest in the project from Bullion Gold Resources, which it could pick up for C$1.25 million plus C$2 in exploration expenditures.
And, Olympio has this week updated its conceptual structural model at Pacquin, with the standout CY26 change outlining an east-west trending, echelon gold lode array extending over a longer 1.3-kilometre strike.
After its burst, OLY shares are now selling at 7.5cps today.
Join the discussion. See what HotCopper users are saying about Olympio Metals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
