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Petrolympic (OTC:PCQRF) reported results from its 2026 winter Mag-IP program on the Rayon d'Or and Vauquelin gold and base metals property near Val-d'Or, Quebec.
The survey extended mineralized structures to the western property limit, outlined multiple IP anomalies over about 800 m and more than 2.5 km, and is guiding a planned drilling program on priority gold targets.
Petrolympic (OTC:PCQRF) reported results from its 2026 winter Mag-IP program on the Rayon d'Or and Vauquelin gold and base metals property near Val-d'Or, Quebec. Surveys on Grid 3 extended mineralized structures to the western limit of the property and outlined several new IP anomalies.
Key outcomes include an 800 m northwest-trending IP anomaly in the north, confirmation of the western extension of the Rayon d'Or structures, and continuity of IP anomalies over more than 2.5 km, with further extensions to be tested in upcoming surveys and drilling.
Petrolympic (TSX.V:PCQ / OTCQB:PCQRF) closed a non-brokered private placement on February 18, 2026, issuing 5,195,000 Units at $0.08 each for aggregate gross proceeds of $415,600. Each Unit includes one common share and one warrant.
Each warrant permits purchase of one common share at $0.18 for 24 months, subject to acceleration if the share price is at or above $0.30 for 30 consecutive trading days. Securities are subject to a four-month plus one day hold period.
Petrolympic Ltd. has acquired 52 mining claims covering approximately 6,981 acres in the James Bay-Eeyou Istchee area of Quebec, adjacent to the Moblan Deposit owned by Sayona Mining. The Li-1 Property consists of 24 claims, while the Li-2 Property has 28 claims. This acquisition aims to enhance Petrolympic's focus on lithium, a critical mineral for electric vehicle batteries. The company now holds 200 claims across Quebec, totaling roughly 28,063 acres. The region benefits from robust infrastructure and governmental support for developing critical minerals, positioning it as a significant lithium hub in North America.
Petrolympic Ltd. has announced an agreement to acquire a gold property near Val d'Or, Quebec, consisting of two new claims that add to its existing 37 contiguous claims, totaling 5,263 acres. The acquisition requires a cash payment of $75,000 and the issuance of 900,000 common shares, subject to TSX Venture Exchange approval. The property shows potential for gold mineralization, with previous drilling revealing intersections of up to 12.34 g/t Au over 4.0 m. The project aligns with Petrolympic's strategy to enhance its mineral rights portfolio.