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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 dwightkerryon Sep 05, 2023 5:13pm
202 Views
Post# 35620738

RE:RE:RE:Update

RE:RE:RE:Update
Hi stever50

Today had some nice volume and the stock bounced back to it's 52 week high, which is a great sign.
According to the press releases of Olivut and Talmora they are very encouraged by the discovery of the large Macro Diamond and highly elevated diamond indicator minerals found in the small sample. This for us is bringing volume and enthusiasm into the stock.
The discovery has motivated them to advance more exploration. And has lead them to potentially validate some exploration ideas.
More than likely the next sample results will cause a stock halt with hopefully some more incredible results.
At that point volume could increase into the millions and a huge spike may occur. So probably the inside bets being placed now are hoping that outcome.
And of course if they find economic diamonds in the sample - then that's that. It won't matter if you bought at $0.07 the stock will spike above $0.35. That's what happens with a discovery.
That's why having a good team now is good to be prepared and it's always good to have experienced people around. People who build relationships as well as connections to logistics solutions we will need.
As well the new team member has Government experience and connections which will prove beneficial to partner and potentially help us.
Glad to hear management has been getting back to you. And hopefully after a big discovery - we'll all have a huge party.
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