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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 dwightkerryon Sep 05, 2023 5:13pm
224 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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