marumresources.com
Marum Resources Inc. SEC 12g(3) Exemption 82-4100
ASE Trading Symbol "MMU" Standard & Poor's Corporate
Manual Listing
Micrex Development Corp. SEC 12g(3) Exemption 82-4281
ASE Trading Symbol "MIX" Standard & Poor's Corporate
Manual Listing
News Release - April 19, 1999
MICREX AND MARUM RENEW CHINCHAGA
DIAMOND JOINT VENTURE
April 19, 1998 -- Marum Resources Inc. and Micrex
Development Corp. report that they have re-instated
a modified joint venture agreement to explore
approximately 250,000 acres, or approximately 11
townships of Micrex mineral permits located in the
Chinchaga area of Alberta.
The agreement provides for Marum to operate the
joint venture and to provide to Micrex, by July 31
1999, $600,000 worth of Marum's currently owned
technical data relating to the Chinchaga project to
earn a 25% interest. The technical data will consist of
professionally collected geophysical, geochemical,
remote sensing, drilling and other technical data used
in diamond exploration. Marum shall have the option
to earn an additional 25% interest, for a total of a
50% interest, by making exploration expenditures of
$1,000,000 no later than December 31, 2000.
Marum shall pay Micrex $300,000 upon exercising
the option to acquire the second 25% interest in the
property. Marum shall not assign or transfer its
interests in the agreement without the permission of
Micrex until after the exercise of the option to acquire
the second 25% in the property.
The agreement between the two companies was
undertaken following a joint evaluation of preliminary
results from a drilling program recently completed by
Marum and another joint venture partner on a
property close to some of the Micrex permits. Both
companies agree that a pooling of land, technical
information and exploration effort is the best way to
address an ambitious 1999 exploration program.
Marum's news release of March 31, 1999 reports the
identification of an extensive volcaniclastic system
within the Chinchaga area, including a 10-metre
thick priority stratigraphic layer defined by striking
physical appearance in core and a number of
interesting mineral features identified during the core
logging procedure. The 10-metre thick first priority
layer, tentatively called the "P-1 Sequence" and
considered to be a potential diamond host, can be
extrapolated to occur at surface on some of the Micrex
permits. This correlation is made on the basis of the
regular nature of the local geology and, more
importantly, on the basis of the results of the re-
evaluation of residual geochemical samples collected
by Marum and Micrex during 1997 and 1998. The
Micrex permits have almost no glacial till cover. One-
half of the permits are accessible by road all year.
Rocks occurring at the P-1 Sequence target layer
elevation, the main layer of current interest as defined
in a recent Marum news release, will be mini-bulk
sampled immediately following spring breakup using
either a mechanized shovel or a trailer-mounted
auger.
FOR FURTHER INFORMATION:
Micrex Development Corp. Marum Resources Inc.
Mr. Perry Meszaros Mr. Richard Boulay, President
Tel: (780) 744-0922 Tel: (403) 264-2220 or
Website: www.mixcorp.com Mr. Arness Cordick, Director
Tel: (604) 602-1440
Toll Free: 800-321-8564
www.marumresources.com
The Alberta Stock Exchange has neither approved nor
disapproved the information contained herein
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Chinchaga Project Website
mmu.simplenet.com
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