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

To: Ned Land who wrote (2112)	10/7/1999 9:26:00 AM
From: Jesse	Read Replies (2) \| Respond to of 2514

Hi Folks! -- Got some more responses/comments from Marum president Rick Boulay: =========================================================== Hi Jesse: Thanks for your continued interest: Here, by request, are some comments: We are still talking to one major company about a joint venture on the metallics. Big companies just take time to make decisions. We like the idea of a jv with a major on the metals. Of course, recent developments on the gold front may complicate matters since our initial discussions were focused on base metals. Its not an issue for us right now since our financial capacity is sufficient to undertake the October program, all the follow-up lab work, a November program if warranted (that's a no brainer at this stage) and an initial winter drill program. Still, we will talk to anyone, that's the professional and polite thing to do. Just got a call. Yes, we do make mistakes, the high gold value in today's release should be 46.670 not 46,670, we meant g/tonne but mistakenly entered the number in parts per billion (ppb), 1,000ppb equals 1 g/tonne. Ooops! Sorry! One commentator suggested it was inappropriate to repeat the high number in today's release. Fair point. However, it is customary to re-publish numbers in a summary fashion as long as they are indicated as "re-runs". We did this in the approved manner. If the commentator was suggesting that we should have included the repeat mention of the high number in the average calculation, we have to disagree since this would run counter to accepted practice and be unprofessional. It is standard practice to "cut" high values from average calculations in order to generate a more conservative number. As to leaving the high number out since it was not in the average calculation, that was not an option for common sense reasons in that such an omission would have created numerous questions about the exclusion. We have to make choices and we know we can't please everyone. But, we sure like the questions. There was a question about the extent of the samples. They were taken from three locations over a distance of 33Km. The assayed samples were taken from an extensive, flat-lying stratigraphic unit. There may be some confusion about the geometry of the mineralization and thats our "fault". Ouch! We suspect the mineralization is more fault influenced than fault controlled. Probably the faults are the mineralizing conduits but the mineralization is not restricted to the faults themselves. In fact, two of the locations lie near separate faults about 8Km apart, that particular fault system is fractal (sets of faults nested down at different scales) and there are zones of high fracture density and zones of lesser fracture density, its not a matter of simple, clean linear breaks in the rock. Keep the questions coming. Best Regards Rick Boulay boulay@canuck.com +++++++++++++++++ Marum Resources Inc. marumresources.com =========================================================== - - - - - - - - - - Thanks muchly, as always Rick. ---- A great day to ye, -j :>

To: Ned Land who wrote (2112)	10/7/1999 10:31:00 AM
From: JP	Read Replies (1) \| Respond to of 2514

<<Amazingly, you can indeed create value by thoughtfully charting a course a sticking to it<G>. >> Now Ned -are you saying that MMU hasn't changed their course over the last six months? They were looking for diamonds and kimberlite-remember. I think this is great - but to me what it shows is that a great deal of searching for minerals -of any kind -is pure chance as well as perserverence. There is still a great deal of the picture that has not been released. And I would hope that 'Indiana' starts checking for typos in his gold grades -prior to releasing the news. He seems to care a little too much about the stock price at the moment. If he really has something -the stock will take care of itself. JP