Olympio Metals Ltd has completed a comprehensive 23-hole, 2,715-metre diamond drilling program across four pegmatite dykes at its Cadillac Lithium Project in Quebec, Canada. The drilling revealed significant lithium-caesium-tantalum geochemical fractionation trends that highlight the area's lithium prospects. Notable discoveries include spodumene with grades reaching 2.3% lithium oxide in the Dyke B area, substantially expanding the project's known lithium potential beyond initial expectations.
The drilling results, combined with prior surface sampling, indicate that the LCT pegmatites cover a more extensive area than originally anticipated, creating opportunities for expanded regional exploration across the company's 190-square-kilometre landholding. The recent drilling has delineated two distinct zones of fractionated pegmatites, suggesting multiple generations of LCT mineralised intrusions within the project area. These geological findings will directly inform the company's exploration strategy, with particular focus on areas displaying elevated potassium-rubidium fractionation trends that are closely associated with lithium mineralisation.
Olympio Metals has secured $1.1 million in funding through Canadian Flow-Through Shares, positioning the company well for the upcoming field season. This financial backing will support continued exploration activities across the extensive land package, where numerous high-priority pegmatite targets await testing. With over 400 known pegmatites identified within the Cadillac Project area, the company is strategically positioned to advance its exploration program using the latest geological insights to target the most promising areas in the coming weeks.
The combination of strong drilling results, expanded geological understanding, and adequate funding creates a solid foundation for Olympio Metals to systematically explore the considerable lithium potential of the Cadillac Project. The identification of multiple fractionated pegmatite zones and the confirmation of high-grade spodumene mineralisation provide compelling evidence for continued investment in exploration activities throughout the 2024 field season.
