News just out.
News Release # 98-09 SEC 12g(3) Exemption 82-4100
ASE Trading Symbol "MMU" Standard & Poor's Corporate
Manual Listing
Chinchaga Diamond Program Microprobe Results
December 8, 1998 -- Marum Resources reports that it has
received electron microprobe results from the University of
Saskatchewan for grains picked from samples obtained in
October from the Chinchaga diamond project in northern
Alberta. The sampling program was designed to assist
in final targeting for a proposed January 1999 drill program.
Stream sediment samples down-drainage from clusters of pipe
targets have been previously reported as containing massive
amounts of large glass spherules up to 5mm in diametre, with
nickel sulphide inclusions. Microprobe results just received confirm
that the spherules originated in an alkaline volcanic magma.
Textural features are consistent with a local source. Overburden is
thin to non-existent. The information has been used to prioritize
magnetic anomalies directly upstream of the samples as pipe
targets.
The search for stratigraphic targets, consisting of Cretaceous-age
nearshore marine beach "sands", has been an ongoing feature of
the Chinchaga exploration program. This is an important target
type, possibly unique to the Chinchaga area of Alberta due to the
existence of a major seacoast running in a northeast-southwest
direction through the area at the time the northern Alberta kimberlite
pipes were emplaced. The economic importance of such targets is
demonstrated by the extensive beach sand diamond deposits of
western Africa which have been mined for a century. In the
Chinchaga area, a target "sand", actually a distinctive flat-lying
volcano-sedimentary unit, extending over 70 km along an ancient
coastline, and up to 10 metres thick, has been identified as being
prospective for diamond on the basis of unusual mineralogy which
includes ilmenite, corundum and olivine. A recently processed
sample has yielded volcanic glass spherules and, significantly,
extraordinary quantities of perfectly formed, large black garnets.
Microprobe results just received confirm these as andradites and
hydrogrossulars with high titanium contents. These large, perfect
crystals are primary magmatic minerals that are ultra-deficient in
aluminum and formed in a local, alkaline volcanic magma of the type
favourable for diamond formation. Grossular garnets occur in the
Ashton and Monopros kimberlite pipes in Alberta. The unusual
geochemistry of this rock unit and the spectacular amounts of these
diagnostic indicator minerals confirm its attractiveness as a large,
regional, flat-lying diamond host rock target. There is virtually no
overburden over the "beach sand" target, drill depths to the bottom
of the target, including overburden, should not exceed fifteen metres
and very large tonnages are available for near-surface sampling.
Samples from another sampling program, oriented to several
clusters of pipe targets, carried out by APEX Geoscience of
Edmonton in October, were submitted to Saskatchewan Research
Council for analysis. Results are expected soon. The APEX
sampling program included down-ice and downstream sampling
from a large, distinct seismic anomaly consisting of a noticeable
vertical disruption in a seismic profile. The seismic anomaly lies in
a cluster of magnetic high anomalies which are themselves drill
targets based on independent magnetic and geochemical data.
The company is currently in discussion with a potential partner to
form a joint venture on certain permits and to implement a drill
program in the New Year.
SOURCE: Mr. Richard Boulay, President
Tel: (403) 264-2220
FOR FURTHER INFORMATION:Mr. Arness Cordick, Director
Tel: (604) 602-1440
Toll Free: (800) 321-8564 or
Calgary Office
Tel: (403) 264-2220
Website: www.marumresources.com
The Alberta Stock Exchange has neither approved or disapproved
the information contained herein.
_____________________________________________________________
Ray
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