Drill Results
Petrolympic Announces Results From 2026 Winter Program on Rayon D'or and Vauquelin Gold and Base Metals Property in Val-d'Or, Quebec
Junior explorer advances geophysics on Quebec gold property while navigating severe liquidity constraints and revoked hydrocarbon licenses.

Executive Summary
- Petrolympic completed a 9.50 km Mag-IP survey (Grid 3) west of Gueguen Lake on its Rayon d'Or-Vauquelin property in Quebec.
- Geophysical data identified an 800 m northwest-trending IP anomaly in the northern sector and confirmed the westward continuity of the Rayon d'Or gold zone to the property boundary.
- Historical drilling data supports the prospectivity, with notable intercepts including 12.74 g/t Au over 3.96 m and 2.40 g/t Au over 8.1 m.
- The company plans to conduct additional IP surveys (Grids 4 & 5) covering the southeastern extension and is preparing a targeted drilling program to test lateral/depth extensions and new geophysical targets.
- Additional assets (Belcourt and Evangeline) are referenced with ongoing reconnaissance and IP survey activities.
Material Impact
- The update validates the geological model and extends known mineralized structures, effectively de-risking the property for future drilling.
- However, this is a geophysical exploration update, not a drill result or resource definition. No new metal inventory, economic viability, or production timeline is established.
- The company remains in the pre-drill phase. Junior exploration markets typically price these updates as routine unless they trigger a maiden resource estimate or a major strategic partnership.
- The news does not immediately resolve the company's capital constraint but provides the necessary geological justification to pursue the planned summer fieldwork and secure future financing.
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Company Overview
- Petrolympic Ltd. is a junior mineral explorer focused on gold, lithium, and hydrocarbons.
- Core assets include the Rayon d'Or and Vauquelin gold property in Quebec (located on the eastern extension of the Cadillac Break Corridor), Belcourt (Quebec), Evangeline (Ontario), and lithium/hydrocarbon licenses in Quebec.
- The company is entirely in the exploration stage with no defined mineral reserves, resources, or production history.