Announcement Date: 2023-09-26
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Olympio Metals Ltd.
Project name: Cadillac
Location: Canada
Commodities: Lithium
Highlight: Rock chip sampling assay results up to 7.43% Li2O
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Olympio Metals Limited (ASX:OLY) (Olympio or the Company) is pleased to report on successful rockchip sampling results from the Wells-Lacourcière Prospect at the Cadillac Lithium Project. Visual spodumene was identified in a number of pegmatite outcrops and rockchips have returned exceptionally high surface lithium grades up to 7.43% Li2O. The full suite of geochemical results also demonstrated that elevated lithium mineralisation within the Wells-Lacourcière pegmatite is strongly correlated with K/Rb ratios <30, which provides an excellent exploration tool for the numerous other prospective pegmatites observed throughout the Cadillac Project area. Olympio has two field crews sampling the priority targets, fanning out from the known high-grade lithium areas to test for lithium prospectivity in order to generate new drilling targets. The sampling crews are
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