________________ MARUM RESOURCES INC. __________________
marumresources.com
ASE Trading Symbol "MMU"
SEC 12g(3) Exemption 82-4100
Standard & Poor's Corporate Manual Listing
News Release - November 1, 1999
Field Operations Continue on Chinchaga Project, Alberta
November 1, 1999 -- Marum Resources Inc. reports on the status of the
Chinchaga project. Marum is the operator of the International Tower
Hill/Marum and Micrex/Marum joint ventures and explores its 100% owned
properties in the Chinchaga area of northwestern Alberta.
Marum reports that a helicopter-supported sampling crew is currently
operating in the Chinchaga area. Field operations are being carried out by
APEX Geosciences of Edmonton. The current operation will focus on an 18-Km
section of a large fault system that is now tentatively defined as being
approximately 48 Km long and up to 6 Km wide along certain sections. Large
samples will be collected for a variety of tests, including diamond analysis,
gold fire assay, bulk gold extraction by fire assay and bottle roll gold
leaching tests. Additionally, vertical channel samples will be collected in
order to more precisely investigate the relationship between gold
mineralization and stratigraphy.
APEX has prepared a initial summary report of the gold project and concludes
that:
· Results indicate a number of samples over a wide area contain anomalous
gold.
· Geological observations indicate the mineralized geological system is
stratigraphically defined over 18 Km in the Botha River area. Gold
mineralization has also been identified in the Hotchkiss River area that is
about 30 km south of the Botha River area. The relationship of the gold
mineralization between the two areas at this time is unknown.
· The mineralized system appears to be associated with volcanic or
volcaniclastic rocks along a major fault zone. Moreover, the mineralization
is associated with a stratigraphic interval currently defined to fall between
760 and 800 metres above sea level.
· The mineralization is highly variable from sample to sample due to rock
type variations, clay content variations, stratigraphic variations and degree
of silicification. The mineralization is capable of causing nugget effect
spikes in the assaying process. This characteristic requires the
establishment of a sample processing protocol before committing the large
volume of available sample material for fire assay. Marum and APEX have
established a processing protocol for rock samples. This protocol includes
ongoing internal audits of assay results and crosschecking of results within
a network of three unrelated laboratories.
APEX also reports the following samples are currently being processed:
· 45 heavy mineral panned concentrates are being super-panned for gold and
diamond indicators; 44 stream silt samples are being analyzed for gold by
fire assay as well multi-element ICP.
· One 20 Kg sample for a total gold extraction test.
· 30 precursor samples, submitted by Marum, from its September mechanized
auger drill sampling program. The assay results will be used to determine a
processing priority for the large volume of sample material available.
· Miscellaneous samples collected by both APEX and Marum at locations of
opportunity encountered during recent field programs.
The current field program will be completed within a week upon which samples
will be submitted for processing immediately. Gold analyses are being
prioritized due to the practical realities of processing similar samples sets
for both gold and diamond information. The laboratory results for new samples
and for samples currently in the processing stream will be announced as they
are received.
FOR FURTHER INFORMATION:
Richard A. Boulay,
President & Director
president@marumresources.com |
