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 Qubec. Its 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.
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Olympio Metals Ltd