Lithium sampling blitz to define maiden drill targets at Olympio Metals’ high-grade Cadillac project
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Olympio Metals has completed another phase of rock chip samples at the Cadillac project in Quebec, Canada with two field crews sampling priority targets fanning out from known high-grade lithium areas.
Cadillac is in the rapidly emerging Cadillac-Pontiac lithium camp, <100km from Canada’s only operating lithium mine in Sayona Mining (ASX:SYA) and Piedmont Lithium’s NAL JV operation.
Acquired just two months ago from Vision Lithium, early exploration by Olympio Metals (ASX:OLY) at Cadillac is returning impressive results based on previous drilling that revealed lithium mineralised pegmatites with common visible spodumene crystals in drill cores with grades of up to 3.14% Li2O.
Recent rock chip results further confirmed high surface lithium grades up to 7.43% Li2O. The current sampling program will help refine and bolster emerging zones of lithium mineralised pegmatite, which will be converted to priority drill targets .
Sampling crews have been using portable analysers (LIBS and XRF) to significantly speed up the exploration process.
Around 30 samples have been collected from pegmatites and dispatched to ALS in Val d’Or for assay on a priority basis. Results are expected in two weeks, OLY says.
The field crews have now left the project for two weeks and are scheduled to return to begin Phase 3 sampling at the end of the month.
“Our field teams have done a great job to date,” OLY managing director Sean Delaney says.
“As noted previously, our plan is to generate as much data as possible in the current field season, with the aim of generating drill targets for the Quebec winter.”
This article was developed in collaboration with Olympio Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.