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Bullboard - Stock Discussion Forum 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... see more

TSXV:OLV - Post Discussion

Olivut Resources Ltd > A strike length of 8km showed gold in just limited sampling.
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Post by dwightkerry on Feb 28, 2023 3:27pm

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 ...
Comment by JedDinvestor on Mar 01, 2023 11:46pm
dwightkerrry: As the saying goes, "If there is a dollar to be made, a businessman will be right there." If the prospects of Olivut/Seahorse are that promising (as I have suspected for the past few years) then the funding will be there, especially if there are rare earths (REEs) as part of the package. As the world moves forward, it will not be a question of the price of REEs ...more  
Comment by dwightkerry on Mar 02, 2023 1:12pm
Yes JD - And I'm here at Olivut to make a dollar .. a lot of dollars. It seems to really strike "all of it" they'll need to find just a few nice stones. That will send the stock to the moon. As diamond finds usually grow explosively, going from a $5 Million market cap to $150 Million and up does happen. Can that happen with REEs ? Key investors here like Pierre Lassonde and the ...more  
Comment by dwightkerry on Mar 02, 2023 2:17pm
Yes JD One hundred per cent  the funding will be there considering the current who's who of mining hall of famers and wealthy individuals that have already parked tens of millions into the exploration efforts here. They are successful because they don't give up. But the land mass here is huge so maybe they should make start making blocks of 30kms square and start farming out chunks to ...more  
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