Olympio Metals thrilled with advanced new lithium project in Canada
August 01, 2023 at 01:11 pm EDT
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Olympio Metals Ltd (ASX:OLY, OTC:COPGF) CEO Sean Delaney tells Proactive the company has secured an option to acquire 100% of the Cadillac Lithium Project in Québec. It’s a large scale project comprising 334 contiguous mining claims covering 190 square kilometres.
First-pass drilling has revealed grades up to 3.14% Li2O and spodumene crystals have also been observed in core. Delaney adds that Quebec is shaping up as a globally significant jurisdiction for lithium exploration.
Delaney,said, “Olympio was attracted to the Cadillac Project not only because of the outcropping spodumene-bearing pegmatites at surface, but more importantly in the drilling completed and reported by Vision Lithium. The lithium grades at surface from the channel sampling and in the drill core at depth shows the project has potential for bulk tonnage spodumene mineralisation.
“Quebec is shaping up as globally significant for lithium exploration. We are excited to have acquired a project of this quality and welcome Vision Lithium as a significant shareholder.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Olympio Metals Limited is an Australia-based exploration company focused on the discovery and development of critical mineral projects. The Company's Cadillac Lithium Project is located in the Cadillac-Pontiac lithium camp in the Abitibi Temiscamingue region, over 70 kilometers (km) west of Val-dâOr, Quebec. It consists of over 334 contiguous mining claims covering 189 km2. Its Eurelia Project is located within the Adelaide Geosyncline in South Australia and encompasses an area prospective for carbonatite hosted REE mineralization. Its Goldfields Project comprises six granted exploration licenses, three granted prospecting licenses and one granted mining license, together cover an area of 104 blocks within the Archean volcano-sedimentary Norseman-Wiluna Greenstone Belt located in the Yilgarn Craton of Western Australia. The Halls Creek Project comprises six granted exploration licenses, together cover an area of 110 Blocks (340km2) located in the Kimberley Region of Western Australia.
OLYMPIO METALS LIMITED 
