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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. 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 HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Post by dwightkerryon Feb 10, 2023 12:25pm
629 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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