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

To: CJG who wrote (2067)	10/4/1999 9:59:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

Thanx CJG! Lotsa morsels in that co. update NR. Here's a formatted copy, as received via email: =========================================================== ________________ MARUM RESOURCES INC. __________________ marumresources.com SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing Interesting News from our Chinchaga project... see our October 5 News Release below... --------------------------------------------------- New Photos on our website See some of the sulphide-rich rocks and outcrops that are returning very interesting gold values. http://www.marumresources.com --------------------------------------------------------- News Release - October 5, 1999 Exploration Update - Chinchaga Project October 5, 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. Field operations were conducted throughout the Chinchaga region of northern Alberta during August and September. The August program was successful in three respects. It validated the structural targeting method as an efficient way to locate mineralization, it re-affirmed the diamond potential of the area by the collection of many samples with large amounts of magmatic mineral crystals and it generated a new discovery consisting of the first encounter with gold mineralization in the volcaniclastic rocks of the Chinchaga area. Soil and rock auger samples collected on a large elliptical structure adjacent to a major expansion fault were submitted for standard fire assay and returned distinctly elevated gold values. Numerous samples exceeding 0.1 g/tonne were obtained with the highest value reaching 1.4 g/tonne. The gold mineralization discovered in the August program appears to be related to volcaniclastic rocks located adjacent to a 400-metre wide expansion fault. Marum Resources, the project operator, found the results to be so geochemically significant that the September program was modified to explore for the possible existence of gold over a much larger area, along the same faults as well as along parallel faults that traverse the area. The September exploration program was carried out using two crews; a three-person helicopter-supported crew manned by our consultant Apex Geoscience and a truck-supported crew consisting of Marum Resources employees. The Marum crew was equipped with a trailer mounted sampling drill that can collect large samples to a depth of about 20 metres in the soft Chinchaga bedrock. Both crews were mandated to search for volcanic or volcaniclastic outcrops along fault systems, to seek out sulphide-rich zones and to take additional samples for gold. Both crews succeeded in all respects and collected numerous samples that have just arrived from the field. The only analytical results available from the September program at this time are fire assay results for six rock samples taken from outcrops extending over a distance of 33km. The results, although limited and preliminary, suggest the presence of regional gold mineralization within a continuous stratigraphic unit of as yet unknown thickness. Using the standard fire assay method at Loring Laboratories in Calgary the gold values obtained were 0.035 g/tonne, 0.250 g/tonne, 0.325 g/tonne, 0.640 g/tonne, 0.750 g/tonne and 46.67 g/tonne. The host rock appears to be a medium-grained volcaniclastic rock with moderate visible sulphide mineralization. Stratigraphically, the gold mineralized rock unit lies immediately below a base metal- and nickel-rich volcaniclastic unit that was intercepted in drill core last winter. An October field program will be launched to obtain more samples and to investigate additional outcrops before the onset of the winter drilling season. It is expected that a helicopter-supported crew will be operational in the Chinchaga in mid-October. The crew will have a dual mandate to collect more samples for gold and metallic mineralization as well as to investigate a new area where recently collected stream samples were found to contain numerous distinctive diamond indicator minerals. Laboratory results from both the August and September field programs will be announced as they are received. FOR FURTHER INFORMATION: Richard A. Boulay, President & Director president@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. _____________________________________________________________ =========================================================== - Quite a gamut of factors working potentially here! Even with all the samples they've collected and yet to analyze, looks like they're heading right back out there, to boot! -Check out the new photos... Regards, -j :>