Olympio Metals Limited (ASX:OLY) has obtained exciting lithium targets from the exploration team at the Cadillac Lithium Project, as the company works towards a drill program for the upcoming Quebec winter.
A large new LCT pegmatite trend (Dyke Z) has been mapped along 1.3km of strike, with an average mapped width of > 50m, confirming the significant scale of the target. A number of large-scale pegmatites in the Dyke M zone have also been identified as priority targets for drilling.
The Cadillac Project is in the rapidly emerging Cadillac-Pontiac lithium camp, less than 100km from Canada’s only operating lithium mine in southwest Québe.
First pass drilling at the Cadillac Lithium Project, completed by Vision Lithium in 2022, intersected spodumene-bearing Lithium-Caesium- Tantalum (LCT) pegmatites with visible crystals in the drill core which correlated with high grades up to 3.14% Li2O, confirming the presence of significant lithium.
Our exploration teams have used the XRF and LIBS analysers in the field to great effect. I visited the Cadillac Project last week and inspected a number of the targets in the field, including Dyke Z, with the Explo-Logik field team and experienced Canadian geologist Jean Lafleur,” Managing Director, Sean Delaney, said.
“It was great to see first-hand the scale of the targets, especially Dyke Z, which is a very large, raised topographic feature, largely covered in moss and vegetation. These targets are all close to the known spodumene occurrences at Wells-Lacourcière which provides confidence that we are in the right area. We are currently planning our first drilling program and working on the approvals process.”