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Olivut Resources Ltd OLVRF


Primary Symbol: V.OLV

Olivut Resources Ltd. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company’s projects include the HOAM project and Seahorse project. It has a 100% interest in certain permits in the HOAM project located in the Mackenzie Region, Northwest Territories, Canada. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The community of Fort Simpson is located approximately 15 kilometers (kms) from the HOAM property in the south and the village of Deline is located about 20 kms from the project area in the north. It also holds 50% interest in the Seahorse Project located in Canada’s Northwest Territories.


TSXV:OLV - Post by User

Comment by dwightkerryon Mar 02, 2023 2:17pm
39 Views
Post# 35315663

RE:RE:A strike length of 8km showed gold in just limited sampling.

RE:RE:A strike length of 8km showed gold in just limited sampling.
Yes JD One hundred per cent  the funding will be there considering the current who's who of mining hall of famers and wealthy individuals that have already parked tens of millions into the exploration efforts here. They are successful because they don't give up.
But the land mass here is huge so maybe they should make start making blocks of 30kms square and start farming out chunks to 5 or 10 expereinced teams to search for these large gold occurences.
Again these lands have never been tested for gold. But gold has shown when they were drilling for Diamonds and sampling the soil. As well there have been huge gold discoveries found in similar rock formations and territories.
Really it's almost the size of a small country. And the type of rocks and formations being discovered all hold key metals and minerals. So we could have a situation of literally every conceivable metal and mineral on the lands.
You don't find traces of gold because it came from the clouds, it came from the ground we tested. And there's a lot of ground.
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