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Olympio Metals Ltd (ASX:OLY, OTC:COPGF) managing director Sean Delaney joins Proactive's Tylah Tully to discuss the option agreement the company has signed to acquire an 80% interest in the Dufay Copper-Gold Project in Quebec, Canada.
The project is on the prolific Cadillac Break, which is known for its significant copper and gold mineralisation. It hosts world-class mineral deposits exceeding 110 million ounces of gold.
The 60-square-kilometre tenure encompasses 10 kilometres of strike and is 35 kilometres west of the Rouyn-Noranda mining centre and copper smelter.
Key highlights include high-grade rock chip samples, with copper concentrations reaching up to 7.7%, and a 1.2-kilometre untested Induced Polarisation (IP) anomaly near a syenite porphyry.
The property is underexplored with no drilling since the 1980s. Nearby resources include the 11-million-ounce Kerr-Addison gold deposit and the 1.4-million-ounce Galloway project.
Delaney emphasised the project's potential for significant porphyry copper-gold mineralisation, with exploration drilling scheduled for January 2025. The project also benefits from excellent infrastructure, including road and rail access.
The acquisition represents a low-cost strategic addition to Olympio's portfolio and offers exposure to one of the world's premier mineralised structures.