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WELCOME TO OLIVUT RESOURCES LTD.

Canada.     Diamonds.     100% owned.

 
Typical Countryside

Olivut Resources Ltd. is a new exploration  and development company that commenced trading on the TSX Venture Exchange (TSX-V:OLV) Toronto, Canada on January 10, 2007. 

The listing was accompanied by a C$5,547,500 financing. In addition, on May 14,2007 the Company announced the closing of a private placement of 4,600,000 units at C$1.75 per unit for gross proceeds of C$8.05 million.

The Company’s principal asset is a 100% interest in over 2.6 million acres (>1 million hectares) comprising the HOAM Project in the Interior Plains region of Canada's Northwest Territories. This region is considered to be favourable for the emplacement of diamond bearing kimberlites and Olivut has numerous targets defined for drilling.  

The community of Fort Simpson is located approximately 15 kms from the property in the south and the village of Deline is located about 20 kms from the project area in the north.  This region, prior to Olivut’s involvement in the area, was subjected to little modern exploration techniques. High resolution, regional magnetic geophysical surveys, detailed heli-mag geophysical surveys and geochem sampling programs all conducted by Olivut have identified several favourable areas for kimberlite emplacement. A National Instrument 43-101 Technical Report (see Nov.27,2006) written by Paul Pitman, P.Geo. details the merits of the HOAM Project.
 
 
 
Last Update:
July 21 2008