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Olivut Resources ( (TSE:OLV) ) has shared an update.
Olivut Resources Ltd. announced an exploration update for its Seahorse Project, where no macro diamonds were recovered from the 2024 mini bulk sample analysis. However, the company remains optimistic due to previously found microdiamonds, a macrodiamond, and favorable geological indicators, prompting plans for a drill program targeting the main Seahorse geophysical target. The Seahorse Project, a joint venture with Talmora Diamond Inc., shows potential for significant diamondiferous kimberlite bodies, but further exploration will require additional financing.
More about Olivut Resources
Olivut Resources Ltd. is a diamond exploration company with a 100% mineral interest in the HOAM Project and a 50% interest in the Seahorse Project, both located in Canada’s Northwest Territories. The company focuses on discovering diamondiferous kimberlite deposits and collaborates with Talmora Diamond Inc. on the Seahorse Project.
YTD Price Performance: 16.67%
Average Trading Volume: 29,988
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$5.77M
Learn more about OLV stock on TipRanks’ Stock Analysis page.