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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

Bullboard Posts
Comment by rborhion Sep 20, 2019 4:35pm
83 Views
Post# 30149851

RE:RE:RE:New All-time Lows

RE:RE:RE:New All-time LowsI would have thought the news would at least say whether the drill got into kimberlite or not.

Should they at least know that?  Or do they not examine the material that comes out of the hole?

Second paragraph is interesting, in that after saying they've completed the field program, the company still considers the Seahorse area to have potential to host kimberlite bodies of significant size.  Can we take it then as a positive that during the field program and drilling they at least saw nothing that would say otherwise?

Friday afternoon news release, are they trying to slip this one under the radar?  I've almost felt from early on they want to keep this one close to the chest to prevent a staking rush.

Reminds me of Dia Met when they were forced to put out news on a Friday of finding their first diamonds in samples, as they (Chuck) wanted to keep it a secret a little longer.

On the other hand, if they did hit kimberlites and had other positive findings, they've kept it a good secret as it hasn't affected the share price for sure yet.

As usual we continue waiting but at least they were able to complete the drilling and eventually we'll know something one way or the other.  Been a long time since OLV has been in this position, with drill results forthcoming.
Bullboard Posts