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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 JedDinvestoron May 16, 2022 2:12pm
147 Views
Post# 34686878

RE:RE:RE:North Peak Resources

RE:RE:RE:North Peak ResourcesDRILLFILLBILL:
What comes to mind repeatedly are two scenarios. I have no information other than what we have all seen to support theses scenarios:
1) Recent purchases are designed to keep the company afloat pending future investment or finds, or --
2) There is a promising deal or breakthrough going on behind the scenes that is being negotiated.
Olivut controls the rights to quite a large swath of land, the HOAM. In this day and age, with emphasis on REEs, that could be very significant. Northern Canada is a hotbed of mineral resource potential.
The company has not been especially communicative the past few years so who knows what is gong on. I have my shares which I bought at a relatively low price. I have nothing to lose and everything to gain.
JD
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