[*News follows]. Thanx Bill. - However, there remains plenty of faith in the diamond potential of Alberta. It's just gone quiet, not dead! ;)
Marum is certainly still very keen (as is ACA) . . .
All--
just received this Email NR from MMU so I'll post it for ya'll to peruse 'n ponder:
________________ MARUM RESOURCES INC. __________________
marumresources.com
SEC 12g(3) Exemption 82-4100
ASE Trading Symbol "MMU" Standard & Poor's Corporate
Manual Listing
*** See information links following news release below ***
News Release - June 29, 1999
MARUM DISCLOSES PRIVATE PLACEMENT INVESTMENT
June 29, 1999 -- In September 1998, the Company purchased
a private placement in Golconda Resources Ltd. ("GA" on The
Alberta Stock Exchange). Marum purchased 165,000 units for
a total cost of $33,000. Each unit consisted of one Golconda
share at $0.20 per share and a share purchase warrant
exercisable at $0.24 per share until September 17, 1999.
The purchased shares and any shares obtained by the
exercise of warrants are restricted from trading until
September 17, 1999.
This disclosure is being made on the basis that the
investment may now constitute a material asset.
The hold period on the private placement and the warrant
stock is now less than three months and the current value
of the investment, assuming exercise of the warrant stock,
is approximately $160,000 calculated on the basis of a recent
Golconda share price of $0.60.
Golconda recently announced that favourable geology was
encountered while drilling on Golconda's Saskatchewan property
as described in several news announcements issued by
Golconda since April 15, 1999.
The Golconda investment was made as part of a exploration
agreement whereby Marum and Golconda would become 50%
joint venture partners in certain specific mineral exploration
properties that might be acquired as a result of exploration
activities. No properties have been acquired under the terms
of the agreement.
Marum's primary exploration focus remains its Chinchaga
diamond and base metal exploration project in northern
Alberta. Preparations are currently underway for an extensive
summer mapping and sampling program that may include
drilling on road accessible targets. The results of diamond
analyses on drill core obtained in February are expected soon.
FOR FURTHER INFORMATION:
Richard A. Boulay,
President & Director, Calgary: 403-243-9500
Arness Cordick,
Director Vancouver: 604-602-1440
U.S. Toll Free: 800-321-8564
The Alberta Stock Exchange has neither approved nor
disapproved the information contained herein
____________________________________________
---> Additional Information <---
Golconda's Ennis Project Page
agt.net
Golconda News Releases
agt.net
___________________________________________________
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--hope to soon see a lil returning action..
Cheers,
-j
:>
Marum current website: mmu.simplenet.com
From above--
"Marum's primary exploration focus remains its Chinchaga diamond and base metal exploration project in northern Alberta." |
