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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

Comment by JedDinvestoron Jul 20, 2023 2:21am
219 Views
Post# 35549220

RE:RE:Update

RE:RE:Update DRILLFILLBILL:

1. They found some promising samples - diamonds and other minerals. That’s nice. It is no longer just a Diamond play. There are other valuable minerals in the picture so the possibilities for making money have increased.
2. However, one home run (macro Diamond) doesn’t get you to the Hall of Fame or the World Series.
3. As I said in my last post, we need to verify quantity and quality.
4. Given the remote location and the lack of infrastructure, we need a significant find to make it worthwhile.
5. Here are the key phrases in the press release for me:
 
“In light of these recent results, as soon as possible, a field program will be expedited to sample in the vicinity of the main Seahorse target. Logistical planning is underway.”
 
6. “As soon as possible.” - When exactly will this happen?
7. “A field program will be expedited” - This summer?
8. “Logistical planning is underway” - This is a bit vague. Planning to plan or actual planning?
9. One definite positive from this: Reporting from olv.v has been spotty and infrequent to say the least. The fact that we heard from them so soon after the last press release is positive. I look forward to more frequent updates.
 
JD
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