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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 LuckySevenLuckyon Feb 06, 2024 1:23pm
156 Views
Post# 35865666

This could be the start of something.

This could be the start of something.
Saw the press release and this seems very interesting as it's very rare to find diamonds in the sand like this. But after research on their site it seems they have been searching for years and may now be finally getting close.
They'll likely need an expert in climate to be a able to judge how and where these diamonds washed up on the beach.
But it seems this team is going about things step by step and with all big diamond discoveries, it will just take constant effort and a stream of constant ideas.
What's interesting here is that the diamond bearing kimberlites (source) has yet to be discovered, so as a player you are getting in before the discovery. It's also appealing that their latest releases are showing exploration activity with some results.
Good Luck to All (of it)


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