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Olympio nails hole-in-one gold in its first Canadian drill hole
@Source: brisbanetimes.com.au
Olympio’s stocks surged 86.05 per cent on the announcement, ending the day at $0.08 a share, with just over 2.3 million shares traded. It was the company’s highest share price since March last year.
‘We are delighted to see visible gold in our very first hole at Paquin, which has extended the gold mineralisation to the west.’Olympio’s managing director Sean Delaney
“This is a great start and confirms for us that there is great potential in the Bousquet gold project. The Bousquet project is perfectly positioned for gold exploration success, having multi-million-ounce gold deposits to the east and west along the Cadillac Break with year-round access for drilling,” Delaney said.
Bousquet straddles the Cadillac Break, an extensive regional-scale structure associated with world-class gold mineralisation and a 110-million-ounce gold endowment.
The renowned expert in greenstone gold deposits K. Howard Poulsen described the structure as “a gold metallotect”, which extends for more than 250 kilometres from Matachewan in Ontario to Val-d’Or in Quebec.
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