Drilling in Q1 2024
Initial Discovery Announced: March 15, 2022
PLAN VIEW OF THE OLYMPUS TARGET
Olympus is an important grassroots discovery made by the Company in 2022. The target consists of a late-stage porphyry-related vein system, which overprints a porphyry intrusion. Due to the porosity of the porphyry host rock and the abundance of late-stage porphyry related CBM veins, the target is a bulk tonnage medium grade gold and silver system with minor base metal credits.
A phase 1 drill program was completed in 2022 with significant results listed below. A phase 2 program was recently initiated, which includes step-out holes up to 500 metres along strike to the southwest of the discovery holes from the phase 1 program.
Highlight results include:
Hole # |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Cu% |
Zn % |
Pb% |
Mo % |
AuEq (g/t)* |
OLCC-3 |
61.70 |
363.60 |
301.90 |
0.89 |
12 |
0.03 |
0.03 |
0.03 |
0.002 |
1.11 |
OLCC-3 |
486.70 |
520.90 |
34.20 |
0.74 |
8 |
0.03 |
0.04 |
0.03 |
0.001 |
0.90 |
|
|
|
|
|
|
|
|
|
|
|
OLCC-4 |
73.00 |
289.70 |
216.70 |
0.79 |
14 |
0.04 |
0.02 |
0.03 |
0.004 |
1.08 |
OLCC-4 |
480.30 |
590.40 |
110.10 |
0.69 |
7 |
0.02 |
0.03 |
0.03 |
0.001 |
0.82 |
OLCU-2 |
172.60 |
227.85 |
55.25 |
1.75 |
11 |
|
|
0.02 |
0.003 |
1.91 |
*Please click here to view links to prior press releases for metrics used for equivalent calculations