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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: Stew who wrote (2350)	1/11/2000 10:25:00 AM
From: Stew	Read Replies (1) of 2514

Information received this morning from Mr. Boulay (Bold italics are mine): "Subject: Band-Ore News Release Date: Tue, 11 Jan 2000 07:57:41 -0700 From: "Richard Boulay" <boulay@canuck.com> To: "Stewart Murray" <smurray@videon.wave.ca>, "jesse.1" <jesse.1@home.com> For your information..... Band-Ore Resources Ltd - Band-Ore acquires interest in permit 1504 Band-Ore Resources Ltd BAN Shares issued 23,633,225 2000-01-10 close $0.27 Tuesday Jan 11 2000 Also Marum Resources Inc (MMU) Also Southern Africa Minerals Corporation (SAF) Mr. Wayne O'Connor reports Band-Ore Resources and Southern Africa Minerals Corporation have each acquired a 50-per-cent interest (total 100 per cent) in mineral exploration permit 1504 located on the east side of Ungava Bay, in northern Quebec. The 89.5-square-kilometre property is situated approximately 10 kilometres south of the new diamond discoveries announced by Twin Gold Corp. in October and December, 1999. The permit was acquired based on information obtained from a preliminary structural analysis of the area using satellite imagery. The project covers similar structures known to exist on the Twin Gold and neighbouring properties in the area. Band-Ore and Southern Africa are participating in a detailed structural study of the area using modern satellite imagery including Landstat TM, SPOT panchromatic images, aeromagnetic data and digital elevation data to map structural controls on the property. The costs of the program will be shared with other companies in the area and Marum Resources Inc. who have kindly spearheaded the acquisition and analysis of the satellite data. The area has been spotlighted by the latest announcement of Twin Gold Corp. on Dec. 7, 1999, when the company released the results of the diamond analysis of a 109.8-kilogram kimberlite sample that yielded a high-diamond count of 214 diamonds of which 44 were macrodiamonds (greater than 0.5 millimetres in one dimension) including eight diamonds that exceeded one millimetre in one dimension. The sample from the Torngat No. 1 dyke averaged nearly two stones per kilogram of kimberlite which rival the early diamond counts of Winspear Resources' dyke in the Northwest Territories. Band-Ore and Southern Africa are listed on the Toronto Stock Exchange and are both sufficiently financed to carry out the exploration programs on a 50/50 basis. Both companies will use the consulting services of diamond expert, Bill Jarvis, to evaluate the exploration programs. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) "

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