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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: The Osprey who wrote (560)4/13/1998 12:40:00 PM
From: Jesse  Read Replies (1) of 2514
 
Thanx again Doug. I was glad to see that when I read his report too-- Of course he had better arguments to back things up! Khanna (of TRI) can be considered somewhat of a pioneer here, in that there are still doubters out there. IMO he is one of the smart ones, as you put it, who is not 'missing the boat' here.

Hopefully a lab analysis will tell us more. - We also need to get the bigger drill in there for some sizable samples, esp. of that hard unit (relatively hard, ie, in relation to the surrounding softer sandstones, etc).

-from TRI: Target seven... intersected some bedrock impenetrable by the auger drill in two holes. The 'impenetrable' bedrock cannot be a boulder as the holes were ten metres apart (and besides, there are no known large boulders in these rock units). Also worth noting is that the hard unit lies under green-black sands. At the depth indicated, volcanic material is the only explanation I can come up with. Also, as noted in earlier Alerts, the host kimberlite in Alberta is denser than the surrounding sandstones and thus harder to drill through, especially with an auger drill. These are speculative comments at this point...
Target seven yielded about 7 metres of till, including a basal till, and about 13 metres of green sand and mixed mudstones.


From the CG/Marum NR:
'Drill holes 8CH09 and 8CH10, which were drilled at Target 7 approximately 10m apart, were terminated at 12.3m and 13.7m, respectively, due to encountering an impenetrable bedrock unit.'
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MMU crews should be mobilizing on the MIX jv land in about a week, as the closely-spaced aeromags come in and are interpreted. Mucho targets in the queue.

-j
;>
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