Strike! Olympio drills into gold zones up to 18.6g/t at Woodward Range
Assays from a July drill program testing historic gold anomalies have intersected up to 18.6g/t at the Woodward Range project, near Halls Creek in WA.
Gold was first discovered at the Woodward Range project area in late 1800’s by Aboriginal prospectors. Even though the locations of the prospects were documented, there are no official records as to how much gold was mined.
Subsequent exploration in the 80s and 90s validated those discoveries and made new ones.
Olympio Metals’ (ASX:OLY) says virtually every company to have conducted work on over the project area conducted stream sediment and soil sampling, producing a significant number of anomalies.
Some were drilled – with previous results including 8m 2.61g/t from 2m – but many were not.
A 20 hole RC drill hole program by Olympic has now confirmed high-grade gold zones based on rock chip sampling conducted last year at the Glenbuff, Figaro and Rubens prospects.
Significant hits include:
At Glenbuff, 10 holes were drilled and successfully defined several new and previously untested gold mineralised zones in the south of the prospect, revealing high grade zones to 18.6g/t gold.
Gold mineralisation is associated with quartz-haematite veins interpreted assmall to medium-scale stockwork zones.
Three holes were drilled at Rubens to follow up on historic hole BRC02 which hit 4m @ 2.35g/t Au from 24m and rock chip samples up to 3.54g/t, recording significant quartz veining with consistent gold mineralisation including 24m @ 0.4g/t from surface.
Seven holes drilled at Figaro revealed multiple horizons with strong arsenic alteration up to 2.5% As, however assay results suggest it is not gold mineralised.
“The drilling at these three prospects has successfully intersected a number of very high-grade gold zones that require follow-up mapping and sampling in order to determine their significance,” Olympio MD Sean Delaney says.
“Olympio’s current focus is on our Quebec lithium project and the Eurelia rare earths project in South Australia and our plan is to undertaking follow up work on the Halls Creek project in Q2 2024.”
Olympio recently completed Phase 2 rock chip sampling at the highly-prospective Cadillac lithium project in Quebec, Canada where previous drilling has shown spodumene crystals in drill cores with grades of up to 3.14% Li2O.
Further high surface lithium grades from rock chip results also confirm up to 7.43% Li2O and Olympio is planning a Phase 3 sampling program at the end of this month.
At its Eurelia project in South Australia, the explorer is on the hunt for carbonatite-hosted REEs on Australia’s continental G2 corridor where drill testing has confirmed up to 3,288ppm TREO at the Walloway prospect.
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.