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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: Jesse who wrote (2091)10/6/1999 2:14:00 PM
From: Leigh McBain   of 2514
 
Jesse, hi, things are looking good. Although the gold numbers that we saw are low (except for the obvious one 46.67), I have been doing some checking and it appears we only need to be looking at an average grade of approx .8 g/t to be economic. This is due to the shallow, open pit nature of the resultant project. There is obviously plenty of additional work needed, however, with only about 5% of the samples in and more coming, we may see a significant move very quickly. This fault has a length of some 33km and so far we have no reason to believe that the mineralization does not span the length of that fault. But only time will tell for sure.

Do you happen to have any feedback on where on the properties the samples we have current assay numbers on are from? I believe that due to accessibility, etc. they would have most likely been from the MMU/MIX JV property, but would like to confirm. Have not been able to yet.

Salut,
Leigh McBain
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