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

To: Jesse who wrote (426)	4/6/1998 12:41:00 AM
From: bill	Respond to of 2514

Hi, Jesse, Glad to see your last memo with mention of the magnetic sands. I've been concerned because anomolous readings from aeromagnetic surveys are terribly expensive when they're created by other things than kimberlite. The danger in Alberta is that with the overburden being made up of sands and gravel, there can be concentrations of elements that will create false targets. The fact that MMU was aware of this before drilling and, one assumes, took it into their calculations is heartening. As well, the less the overburden, the less chance of bieing misled. At the same time, one has to keep in the risk factor that host rock can also contain such elements. Let's hope that NR comes tomorrow and it is up to our expectations.