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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 28, 2023 3:27pm
188 Views
Post# 35310614

A strike length of 8km showed gold in just limited sampling.

A strike length of 8km showed gold in just limited sampling.
A large gossan zone was identified on the property (Olivut/Seahorse) likely representing a sulfphide bearing fault zone and limited sampling returned trace amounts of gold, According to the last exploration update before COVID.
As well as the 18 Macro Diamonds found and the elevated levels of heavy and light rare earth minerals discovered, the exploration program noted it was really just scratching the surface due to budget.
And again this really seems like Olivut has been finding many positive signs to continue, but seems to continue to face funding challenges.
When one sees some of the zombie companies on the TSX-V burning millions on drill programs with really no hope in finding discoveries, just to keep their narative going - it's frustrating.
Olivut has a chance to find Canada's next biggest discoveries in Diamonds and Gold and yet the market seems to be ignoring us ...
... for now.
Stay tuned ...
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