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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

Post by dwightkerryon Feb 10, 2023 12:25pm
601 Views
Post# 35279905

Phanerozoic Sedimentary Rocks = more than half world's gold.

Phanerozoic Sedimentary Rocks = more than half world's gold.Our project at Olivut "lies within the Interior Platform geologic province, a vast basin of Phanerozoic Sedimnetary Rocks..."
This enormous area Olivut has an interest in, is stretching hundreds of Kilometres and has seen almost zero searches for Gold.
And yet more than half the world's gold production comes from Phanerzoic gold deposits.
"One of the most areally extensive and economically significant belts of Phanerozoic gold deposits in the world is found ... stretching from Central America to the Western tip of Alaska."
This is the area and Rock formations we are in.
The rock formations we have could contain Mother Lode type of deposits according to other Phanerzoic systems.
Olivut has so much upside as it's huge land base has never been tested for gold and the current share price reflects that.
But let's hope Pierre makes a few calls and gets this going.As has been mentioned the shareholder base here has been very supportive and patient.
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