To: George S. Montgomery who wrote (1983 ) 8/11/1999 6:51:00 PM From: Jesse Read Replies (2) | Respond to of 2514
Aye George, it takes a lot these tough days to make the market notice in this sector for chure! Yet there is some extremely positive info in MMU's NewsRelease today, also for chure! For example, a significant additional confirmation of the enormous zone: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. -Watch out as the potential metals JV partners could be salivating a lil more yet... --- Also, re. the "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. -which we knew (and is outstanding of course, in terms of an ideal and regionally proven prospective geologic setting), but the new info that follows that up is more exciting yet:..Only a few thin sections have as yet been prepared and submitted for petrographic analysis...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. -That's what they're after! [The description is that of kimberlite or K-like substance] This bodes well for the presence of diamonds, esp. since various DIM's, or diamond indicator minerals, are found present in the sub-volcanic "diamond carrier magma " [described as dark-green igneous rock, aka kimberlitic] ;). The abundant chromite bodes especially well for diamonds as well (see Ashton's paper on their Alberta kimberlites: victoryventures.com ) - - - - - - - - - -- Marum has identified/ delineated this Gigantic zone/ strata (an estimated vertical or stratigraphic range of up to 200 metres, extending over an area measuring 160Km by 60Km. )... in a geologically favourable environment (shallow OB, all-weather access, ammicable gov't, and so on) meaning cheap extraction, etc etc. _ Market is slow to respond these days, which is healthier in the long run I think. - Now, as Marum's Chinchaga information foundation is in dynamite shape for the immediate next phase of exploration, we can feel a lil more secure, IMO! Brick by brick (or bricks!) ... We'll hafta watch activity o'er the next days. Best always, -j :> PS, of course always base any investment decision on due diligence