# OLY: New Priority Drill Targets Identified at Jacknife

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/oly-new-priority-drill-targets-identified-at-jacknife--32236fdd-2c0f-470c-bd78-25c9a65644eb

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03148597

Publisher: asx

Original announcement: 2026-10-05T21:12:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-05T22:31:17.146Z

Atlas analysis updated: 2026-10-05T22:31:17.146Z

- Company: Olympio Metals Limited

- Ticker: OLY

- Exchange: ASX

- Region: Idaho, USA

- Primary commodity: Silver

- Secondary commodities: Antimony, Gold, Copper, Lead, Zinc

- Document categories: Other, Drill results

- Extracted: 2026-10-05 22:31:18 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Olympio Metals has identified a new priority drill target at the Jacknife Silver Project in Idaho through the discovery of a previously unknown adit. This target represents a potential 500m step-out extension of the Conjecture Shear Zone. A maiden diamond drilling program is currently underway to test these new targets.

Reasoning: The announcement identifies a significant new exploration target \(adit\) that could extend the project scale, though it lacks new assay data to confirm grades.

- Positive factor: Identification of new target via previously unknown adit

- Positive factor: Potential 500m step-out extension of mineralised strike

- Positive factor: Patented mining claims allow immediate drilling flexibility

- Positive factor: Strategic location in Silver Valley Region

- Negative factor: No new assay results reported in this release

- Negative factor: Historical data reliability is unverified \(non-JORC\)

- Negative factor: Adit depth and scale are unknown

Facts used in scoring: 1

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Field mapping identified a new adit representing a potential 500m step-out from historical workings.

Evidence · text

> represents a potential further ~500m step-out from the 8.22Moz Ag Historical Foreign Resource Estimate

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The new target is positioned along the interpreted Conjecture Shear Zone near the historical Conjecture Mine.

Evidence · text

> identified a previously unknown adit ~500m along strike from the historical Conjecture Mine

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.