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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: Jesse who wrote (1979)	8/11/1999 3:52:00 AM
From: dvid	Read Replies (1) \| Respond to of 2514

________________ MARUM RESOURCES INC. __________________ marumresources.com SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing News Release - August 11, 1999 Chinchaga Project Update - Significant Progress on Diamond Project August 11, 1999 -- Marum Resources Inc. reports on the status of the Chinchaga project. Marum is the operator of the International Tower Hill/Marum and Micrex/Marum joint ventures and explores its 100% owned properties in the Chinchaga area of northwestern Alberta. Metals Project Update A study of archived oil well cuttings at the Alberta Energy and Utilities Board Core Research Centre in Calgary confirms the presence of sulphide minerals in several regionally distributed wells at the exact stratigraphic level defined by the International Tower Hill/Marum drill program in February, 1999. The mineralization is again confirmed as being regional and has an estimated vertical or stratigraphic range of up to 200 metres, extending over an area measuring 160Km by 60Km. Diamond Project Update A regional satellite and air-photo structural study has been completed and has successfully isolated a number of large-scale expansion fault systems for detailed exploration. Both vertical pipe-like and horizontal stratigraphic targets have been identified along these faults using data stacking techniques. One drill hole sample set split is currently under evaluation for diamond and indicators. The hole was recently drilled on the International Tower Hill/Marum joint venture property. The sample analysis undertaken so far is preliminary, involving only selected minerals and rock fragments from unconcentrated samples. Only a few thin sections have as yet been prepared and submitted for petrographic analysis. Nevertheless, the results to date are considered to be technically important. One rock type consists of perfectly preserved dark-green igneous rock, totally unaltered, which, based on grain size, represents a sub-volcanic feeder pipe crystallization environment. The dominant minerals identified so far in the rock are pyroxenes. The rock is tentatively identified as gabbro or pyroxenite, contains abundant chromite and is considered to be a possible diamond carrier magma. A second, equally significant, rock type is identified as volcanic sandstone or, alternatively, sandy tuff. This rock consists of medium-grained angular quartz and feldspar crystals set in an unusual matrix. The sandy tuff contains clumps of micaceous minerals and chromites. The composition and texture of the sandy tuff is considered to be consistent with a diamond carrier magma origin, although being formed by volcanic ejection into air or water it would show dilution of the primary igneous rock composition. This discovery of primary crystalline igneous rock in the Chinchaga project forms part of a new diamond exploration thrust developed from the Chinchaga winter drill program data. This strategy is based on the exploration of primarily north-south expansion faults in the structurally dense Chinchaga area, modified by their relationship with a second set of expansion faults and a tightly packed third set of compression faults. The newly identified diamond carrier magma candidates are located near a major expansion fault that contains an adjacent elliptical feature. This feature, and others, will be sampled as part of an exploration program scheduled to start immediately. 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. ____________________________________________

To: Jesse who wrote (1979)	8/11/1999 4:55:00 PM
From: George S. Montgomery	Read Replies (1) \| Respond to of 2514

Jesse: First there is your post about an expected NR. This brings goosebumps. Then there is the posting of the release. This is quite positive about the potentials of the area. Then there is Chuca's touting of another property, and aj's snide comment. But the stock holds. It seems that often, in the past, a favorable NR is met with a drop in market price. This did NOT happen this time. Does that mean there is hope? Lordy, if I had the bucks, I would pick up a couple of humdered thousand shares at this price. Question: Can the market, and can the venture partners, be unimpressed with the sort of information that Indiana is letting us see? It seems so, doesn't it? George