Olympio Metals (ASX:OLY) has begun a diamond drilling program at the Dasserat porphyry gold-copper and Chevrier copper sulphide targets, part of the Dufay Project in Québec, Canada.
The program comprises 1,600m of testing both targets, which Mining.com.au previously reported appear to have similar geological settings to the nearby Galloway gold-copper resource, yet have never been drilled.
Olympio says the rig is currently drilling the first hole at Chevrier, and will subsequently move on to Dasserat.
At Chevrier, three holes will be drilled, while seven will be at Dasserat.
Managing Director Sean Delaney says Dasserat extends for over 1,200m of strike as defined by induced polarisation (IP) and electromagnetic anomalies, and represents a large, shallow porphyry target.
“Geophysical modelling indicates the targets begin at shallow depth, and we are looking forward to seeing the first core from this exciting target,” Delaney says.
At Dasserat, a recent electromagnetic survey recorded anomalous responses on each survey line which are broadly coincident with the induced polarisation (IP) anomalism from a 2011 IP survey.
The target mineralisation at Dasserat is porphyry gold-copper, which is typically associated with disseminated sulphide mineralisation, similar to the Hendrick Zone within the Galloway Project 5km to the north.
Meanwhile at Chevrier, the mineralisation is consistent of quartz-pyrite-chalcopyrite veining and breccia with common pods and stringers of chalcopyrite rich sulphides, hosted in shale.
The Dufay Project is located proximal to the Cadillac Break, a terrane bounding structure associated with world-class endowments of gold and copper mineralisation.
Write to Aaliyah Rogan at Mining.com.au
Images: Olympio Metals
