SEC 12g(3) Exemption 82-4100
ASE Trading Symbol "MMU" Standard & Poor's Corporate
Manual Listing
News Release - May 18, 1999
Additional Geochemical Results from Chinchaga Diamond Project
May 18, 1999 - International Tower Hill Mines Ltd. (ITH - VSE) and Marum
Resources Inc. (MMU - ASE) report that they have received from Loring
Laboratories results of 30 total digestion ICP analyses. These results
describe the geochemical composition of a horizontal rock unit
(the "P-1 Layer") extending 11 km between Holes 7-D and 9, drilled in
February, 1999. No sample results have yet been received for the 70
metres of mineralized rock that underlies the P-1 Layer in both drill holes.
Except for gold, which was below detection limit in all samples, all of
the samples are generously mineralized in metals and in elements that
indicate that the host rock has been subjected to the influence
hydrothermal mineralizing fluids. A selection of results are contained
in the table below:
High Low Average
Silver (gms) 7.0 0.5 2.0
Boron (ppm) 2470 51 868
Barium (ppm) 810 28 534
Nickel (ppm) 252 24 102
Vanadium 576 39 204
Zinc 476 28 150
Note: (ppm) means "parts per million", (gms) means grams per tonne.
The results confirm that the 9 to 12 metre thick P-1 Layer is highly
enriched in elements, including interesting economic metals, over
11 km in a north-south axis. The unusual boron and barium
concentrations suggest nearby, possibly multiple, hydrothermal
volcanic vents. Boron is especially significant, occurring in such high
concentrations in our samples, since it is a very specific component
of many large tonnage zinc/lead/silver deposits, such as the century
old Sullivan massive zinc/lead/silver mine in southern British Columbia.
Additional samples are currently being processed for metallic geochemistry.
Selected core samples have been submitted for diamond analysis. A
structural study of the Chinchaga area is underway to identify fault system
intersections where metals might be concentrated into economic grades
and tonnages. A mini-bulk diamond and diamond indicator sampling
program is scheduled to be carried out as soon as the Chinchaga area
is dry enough for field operations to commence
FOR FURTHER INFORMATION:
International Tower Hill Mines Ltd. Marum Resources Inc.
Mr. Anton Drescher, President Mr. Richard Boulay, President
Tel: (604) 685-1017 Tel: (403) 264-2220 or
Website: www.towerhillmines.com Mr. Arness Cordick, Director
Tel: (604) 602-1440
Toll Free: 800-321-8564
www.marumresources.com
The Vancouver Stock Exchange and The Alberta Stock Exchange have not
reviewed and do not accept responsibility for the adequacy or accuracy of
this release.
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Chinchaga Project Website
mmu.simplenet.com
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Cheers,
violetta
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