MARUM RESOURCES ON ALBERTA Message Board

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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: Robert Dydo who wrote (19)	8/26/1997 4:02:00 PM
From: Richard A. Boulay	of 2514

Hello Robert: I can't comment on news releases until they are issued. Since the overall junior markets have been terrible the past three months we have been keeping a low profile. We have noticed however that the stock has probably been under accumulation based on the appearance of large bids under market drawing down the price. Most of the trades over the past two months have been on the bid price. The bids still show up but the supply of stock has also dried up and we are starting to trade on the offer price. I suspect that yesterday's action it may be partially due to the fact that our interpretation of the Ashton diamond play in Alberta is starting to get some respect. That is, the distribution of pipes in the Alberta play may be primarily related to the crustal strutures of the Peace River Arch. If so, then Marum lands and other lands to the west and northwest of the Ashton main block are favourable since they are riddled with deep crustal faults. Recent geophysical interpretations and field results, both ours and those of other explorers, seem to be supporting our initial interpretation. We continue to work away. Stay tuned. Regards, Rick Boulay, President, Marum Resources Inc.

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