Company Performance Metrics
The Company’s principal asset is a 100% interest in the HOAM Project in the Interior Plains region of Canada's Northwest Territories. The community of Fort Simpson is located approximately 15 kms from the HOAM property in the south and the village of Deline is located about 20 kms from the project area in the north.
This region is
considered to be favourable for the emplacement of diamond bearing kimberlites. Olivut has made 29 kimberlite discoveries to date and has additional numerous targets defined for drilling.
Prior to Olivut's involvement in the area, this region 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 occurrence.
A National Instrument 43-101 Technical Report (Filed on SEDAR December 12, 2014) was written by Paul Pitman, P.Geo. and details the merits of the HOAM Project.
