Olympio Metals Limited (ASX: OLY) has completed its Phase 2 rockchip sampling at the Cadillac Lithium Project.
Previous results confirmed high surface lithium grades up to 7.43% Li2O. Olympio had two field crews sampling the priority targets, progressing from the known high-grade lithium areas to test for lithium prospectivity in order to generate new drilling targets.
The sampling crews have been using portable analyzers to significantly speed up the exploration process. 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 approximately two weeks.
The field crews are scheduled to return to the project in two weeks to commence Phase 3 sampling at the end of this month.
Olympio’s managing director, Sean Delaney, commented “The field teams have done a great job to date and we look forward to having them back on the ground following up numerous priority targets at the end of October. 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.”
The Cadillac Project is located in the rapidly emerging Cadillac-Pontiac lithium camp, less than 100km from Canada’s only operating lithium mine in southwest Québec. First pass drilling at the Cadillac Lithium Project completed by Vision Lithium in 2022 intersected spodumene-bearing pegmatites with visible crystals in the drill core which correlated with high-grades up to 3.14% Li2O, confirming the presence of significant lithium.
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