Drilling at Amadee Prospect Confirms Shallow Gold Mineralisation

Core Viewpoint - Bullion Gold Resources and Olympio Metals Limited have confirmed a significant gold mineralisation zone at the Amadee Prospect, indicating potential for further exploration and development in the region [1][4][7]. Summary by Sections Drilling Results - The first phase of drilling at the Amadee Prospect has identified a broad zone of gold mineralisation exceeding 40 meters over a strike length of more than 200 meters [1]. - Drilling results include multiple near-surface intercepts, with the best result being 4.50 meters at 3.29 g/t Au, which includes 0.50 meters at 24.5 g/t Au [7][8]. - All eight holes drilled at Amadee encountered mineralisation, confirming the presence of a wide near-surface mineralised zone [5][7]. Geological Context - The mineralisation at Amadee is believed to be part of the same extensive gold mineralised structure as the nearby high-grade Paquin Prospect, which has shown grades up to 54 g/t Au [1][4]. - Historical Very Low Frequency Electro-Magnetic (VLF EM) survey data supports the structural continuity between the Amadee and Paquin prospects, indicating potential for further gold targets [9][10]. Future Plans - Further drilling is planned to extend the mineralised zone at Amadee both east and west towards Paquin, with ongoing exploration efforts to test the connection between the two prospects [5][11]. - The shallow nature of the gold mineralisation suggests suitability for open-pit mining development, leveraging underutilised processing facilities in the area [5][7]. Financial and Partnership Details - Olympio Metals has an option to earn an 80% interest in the Bousquet Project from Bullion Gold Resources through an investment of $2 million in exploration and a payment of $1.25 million in cash and shares over the coming years [2].