Olympio Metals Ltd (ASX:OLY) has made significant strides in its exploration of the Cadillac Lithium Project located in Quebec, Canada, with recent drilling results highlighting the area's substantial lithium potential. The company completed a 23-hole, 2,715-metre diamond drilling program across four pegmatite dykes, revealing lithium-caesium-tantalum (LCT) geochemical fractionation trends that point to promising lithium prospects. Among the notable findings was the discovery of spodumene with grades reaching 2.3% lithium oxide in the Dyke B area, which significantly expands the project's known lithium potential.
The drilling program, complemented by prior surface sampling, suggests that the LCT pegmatites cover a more extensive area than initially thought, paving the way for broader regional exploration efforts. Olympio Metals Ltd has successfully secured $1.1 million through Canadian Flow-Through Shares, ensuring the company is well-equipped for the upcoming field season. This financial boost will facilitate continued exploration across their 190-square-kilometre landholding, where numerous high-priority pegmatite targets are yet to be tested.
Recent drilling activities have identified two distinct zones of fractionated pegmatites, indicating the presence of multiple generations of LCT mineralised intrusions. These discoveries are expected to play a crucial role in shaping the company's future exploration strategy, with a focus on areas exhibiting elevated potassium-rubidium fractionation trends associated with lithium mineralisation. With over 400 known pegmatites within the Cadillac Project area, Olympio Metals Ltd is in a strong position to accelerate its exploration activities. Leveraging the latest geological insights, the company aims to target high-priority areas in the coming weeks, further advancing its understanding of the project's lithium potential.
For more information on Olympio Metals Ltd and its projects, visit https://www.olympio.com.au.
