Petrolympic Launches Exciting Drilling Campaign in Quebec

Petrolympic Starts New Drilling Initiative in Vauquelin Property

TORONTO – Petrolympic Ltd. (TSX.V: PCQ) (OTC: PCQRF) is thrilled to unveil a new drilling program focused on the Vauquelin-Rayon d’Or Property. This expansive property spans 2,129 hectares across 37 mining claims, strategically situated about 30 kilometers east of Val-d’Or, a hub of renowned mineral activity in the mining industry.

Exploration Highlights of the Rayon d’Or Gold Zone

The Rayon d’Or gold zone has shown considerable potential in previous drilling activities, particularly on the northwest side of Gueguen Lake. The mineralization found here includes various forms such as disseminations and veins rich in sulfides like pyrite and pyrrhotite discovered within altered zones. Noteworthy intersections at shallow depths were marked by impressive values including 12.74 g/t Au over 3.96 meters in DDH 1 and 3.83 g/t Au over 3.08 meters in DDH 6W-C-5.

Recent Program and Results

In the previous year, Petrolympic further targeted the mineralized zones of Rayon d’Or, extending them roughly 100 meters toward the southeast. Significant drilling uncovered altered and fractured zones exceeding 20 meters in thickness, with mineral returns revealing values such as 0.62 g/t Au over 7.5 meters and 2.14 g/t Au over 9 meters, including a peak of 6.25 g/t Au over 3 meters.

New Findings Expand Exploration Opportunities

The team's efforts discovered even more promising mineralized structures, with an intersection of 5.48 g/t Au over 1 meter and additional values of 0.52 g/t Au over 3 meters located further southeast. The mineralized zone's footprint extends significantly, with another intersection yielding 0.52 g/t Au over 6 meters.

Future Steps in Drilling Campaign

For the upcoming drilling campaign in 2024, the goal is to delve deeper into priority targets identified through IP-Resistivity surveys. The strategy includes locating the lateral extensions of the known mineralized zones and uncovering new gold-bearing structures unveiled during the intense exploration phase in 2022 and 2023.

Geological Context and Competitive Landscape

The geological structures within the Vauquelin property exhibit remarkable similarity to those at the Chimo Mine owned by Cartier Resources, located within a 5-kilometer radius. This similarity supports a hopeful outlook for gold resource discoveries comparable to those successful at neighboring sites.

Regional Mining Developments and Prospects

Noteworthy developments in the region have been reported, including Probe Gold's notable increase in gold resources across east Val-d’Or properties, totaling over 6 million ounces of Measured and Indicated (M&I) resources. Additionally, Eldorado Gold Corporation has made moves to secure a significant interest in the Bruell gold project to the north of Vauquelin, further indicating the area's growing significance in the mining sector.

Commitment to Safe and Effective Exploration

Petrolympic stands firm in its dedication to responsible exploration, recognizing Quebec as a premier mining jurisdiction globally. The company, under the guidance of qualified professional André Tremblay, is committed to ethical practices in its exploration endeavors, ensuring the integration of community and environmental considerations.

For More Information

Petrolympic invites all those interested in its drilling initiatives to reach out for more detailed inquiries. With ongoing advancements and strategic explorations, the future appears promising for this dynamic exploration company.

Contact Information:

Mendel Ekstein,
President and CEO
Petrolympic Ltd.
T: 845 656-0184
E: exis@petrolympic.com

Frequently Asked Questions

1. What is the purpose of Petrolympic's drilling campaign?

The drilling campaign aims to explore mineralized zones and increase gold recovery potential on the Vauquelin Property.

2. How many hectares does the Vauquelin-Rayon d’Or Property cover?

The property covers 2,129 hectares across 37 mining claims.

3. What minerals are primarily targeted in this campaign?

The focus is on gold and base metals, particularly within the Rayon d’Or zone.

4. Who oversees the geological information for Petrolympic?

André Tremblay, a qualified professional, oversees and approves all geological information.

5. How can interested parties get in touch with Petrolympic?

You can contact Mendel Ekstein at the provided phone number or email address for further details.

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