Olympio Metals Ltd has completed a comprehensive 23-hole, 2,715-metre diamond drilling program across four pegmatite dykes at its Cadillac Lithium Project in Quebec, Canada. The drilling revealed significant lithium-caesium-tantalum geochemical fractionation trends that highlight the area's substantial lithium prospects. Managing director Sean Delaney noted that the program uncovered spodumene with grades reaching 2.3% lithium oxide in the Dyke B area, significantly expanding the project's known lithium potential beyond initial expectations.
The combination of recent drilling results and prior surface sampling indicates that the LCT pegmatites cover a substantially larger area than originally anticipated, creating opportunities for expanded regional exploration activities. The company has delineated two distinct zones of fractionated pegmatites through the drilling program, suggesting multiple generations of LCT mineralised intrusions within the project area. These geological findings will directly inform the company's exploration strategy, with particular focus on areas displaying elevated potassium-rubidium fractionation trends that are closely associated with lithium mineralisation.
Olympio Metals has secured $1.1 million in funding through Canadian Flow-Through Shares, positioning the company well for the upcoming field season. This financial backing will support continued exploration across the company's extensive 190-square-kilometre landholding, where numerous high-priority pegmatite targets await systematic testing. The presence of over 400 known pegmatites within the Cadillac Project area provides substantial exploration upside, with the company planning to leverage the latest geological insights to target the most promising areas in the coming weeks.
The successful identification of strong LCT fractionation trends and high-grade spodumene occurrences represents a significant advancement in understanding the project's lithium endowment. The expanded understanding of the pegmatite system's extent and the confirmation of multiple mineralised zones provide a solid foundation for future resource definition and project development. With the funding secured and exploration targets clearly identified, Olympio is well-positioned to advance its systematic exploration program, building on the encouraging results from the initial drilling campaign.
