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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

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 rborhion Jun 05, 2020 1:10pm
59 Views
Post# 31117250

RE:RE:RE:Seahorse

RE:RE:RE:SeahorseI just got my voting papers for Talmora, which includes a letter to shareholders from Ray Davies.

- they still have no idea what the origin is of all the clay material that came up from the drilling at Seahorse.  One theory is an intensely weathered kimberlite, and even some mention of a meteorite impact.  Mentions that some of the conditions requires a different explanation of the origin than an altered kimberlite.  What a mystery.

- the approximately 8km strike length gossan had trace amounts of gold, likely represents a sulphide bearing fault zone.

- obviously states more work is required, but covid prevents any field work being done in 2020.  So nothing happening this year according to him.

- Olivut has until July 6 of this year to exercise its option

I would expect Olivut to put out some news before July 6 on what it decides to do with Seahorse.
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