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Gold/Mining/Energy : Caribgold- CG:TSE -- Ignore unavailable to you. Want to Upgrade?

To: philip trigiani who wrote (36)	7/14/1998 12:03:00 PM
From: Jesse	Respond to of 48

Marum Resources Inc - Chinchaga diamond project progress Marum Resources Inc MMU Shares issued 23,627,616 1998-07-13 close $0.13 Tuesday Jul 14 1998 Also Micrex Development Corporation (MIX) Also Caribgold Resources Inc (CG) Mr. Richard Boulay reports Marum Resources has provided the following report on the progress on its 100 per cent Marum, Marum/Caribgold and Marum/Micrex diamond exploration joint ventures (totalling approximately 925,000 acres) in the Chinchaga area of northwestern Alberta. Geochemical Sampling Program Apex Geoscience carried out a helicopter supported geochemical sampling program in late 1997. Samples were collected from all three Marum projects in the Chinchaga area. Geochemical indicator minerals that suggest a kimberlite origin have been recovered. These include chrome diopsides; G3, G5 and G9 pyropes; and one G11 pyrope with an unusually high chrome content of 13.76 per cent. Reconnaissance Drilling Program An 11 hole reconnaissance coring auger drill program was completed on the Marum/Caribgold joint venture in March 1998. Basal glacial tills were sampled in some of the holes. Green volcanic ash material was encountered in all of the drill holes. A green sandy unit, essentially a sandy tuff formed by the clumping of wet volcanic ash dust into small ball-shaped particles, was encountered in two holes on one target. An abnormally thick accumulation of volcanic ash was encountered at one of the drill targets at approximately the same stratigraphic level as the Ashton pipes. All of the samples of volcanic ash and sandy tuff contain abundant shards of volcanic quench glass. The samples were processed at Saskatchewan Research Council in Saskatoon and at Overburden Drilling in Ottawa. Microscope and microprobe analyses of the samples indicate that the volcanic ash and sandy tuff may have been ejected from a nearby kimberlitic volcanic pipe. This diagnosis is based on the recovery of a broad range of indicator minerals from core samples, including some indicators that are considered exclusive to a kimberlite source. These include pristine, black, high-titanium biotite crystals and altered olivine in the volcanic ash. Also, abundant chrome-bearing picro-ilmenites were recovered from the green sandy tuff. Some of the picro-ilmenites are encrusted with perovskite, a calcium titanium oxide. The presence of perovskite reaction rims on picro-ilmenite grains is specifically indicative of a kimberlite origin since the perovskite reaction rims actually formed in the rising kimberlite magma. The volcanic ash also yielded a fragile fragment of a mantle derived ascent granulite containing two types of pyroxene and a garnet. This provides an independent confirmation of a nearby deeply sourced volcanic pipe. The thin glacial till cover in the drill holes also yielded an encouraging assortment of indicators, including chrome-bearing picro-ilmenites, eclogitic garnets and chrome diopsides with chrome content high enough to indicate a mantle origin. The discovery of volcanic ash and tuff layers that contain fragile olivine, perfect high-titanium biotite crystals and picro-ilmenite grains with perovskite reaction rims suggests the presence of nearby kimberlite intrusions. High Resolution Airborne Survey Immediately following the completion of the March 1998 drill program, a 7,000 line kilometre, 200 metre line spacing, aeromagnetic survey was completed. The survey was flown by Spectra Geoscience and covers approximately 11 townships, including Marum/Caribgold joint venture land, Marum 100 per cent land and Marum/Micrex joint venture land. The aeromagnetic survey has revealed approximately 40 high intensity point targets that are separate from the original 600 metre survey targets. These new targets are powerful enough to be visible on the raw total field magnetic dataset and are spatially related to prominent basement magnetic highs. The character and quality of most of these anomalies are similar to the magnetic signatures associated with the diamondiferous Monopros Mountain Lake kimberlite and several of Ashton's Buffalo Head Hills kimberlites. 1998 Reconnaissance Mapping and Sampling Program Upon receipt of the preliminary aeromagnetic dataset in June, Marum personnel undertook a two week sampling program. Approximately 60 soil, stream and basal till reconnaissance samples were taken in the vicinity of some of the new anomalies. Samples are currently being prepped for analysis. Exploration Plans The Chinchaga diamond exploration program has been conducted in a systematic and cost effective manner. The next step is to validate and prioritize high intensity 200 metre aeromagnetic anomalies for drilling. The summer exploration program on Marum and Marum/Micrex joint venture land will consist of a helicopter supported anomaly investigation program. This program will consist of surface mapping, ground magnetics and basal till sampling down ice of anomalies. The objective is to generate two classes of drill targets; targets which can be drilled during summer or autumn; and targets which are more effectively drilled during winter. Caribgold Resources, the operator of the Marum/Caribgold joint venture, is currently evaluating exploration recommendations proposed by the project consultant, Apex Geoscience. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: philip trigiani who wrote (36)	8/8/1998 6:57:00 PM
From: Jesse	Read Replies (1) \| Respond to of 48

Folks, regarding the last Ashton NR & the 'ADP', Marum Resources president Richard Boulay will be offering a 'Q & A' document (or FAQ), which should be ready by Tuesday. The ACA nr & general ADP concerns will be discussed as well as specific Marum issues. Pertinently and importantly, Marum shareholders have asked Mr. Boulay to comment on the general state of the Alberta Diamond Play (the ADP) in light of the recent Ashton K-91 results. Therefore, Rick B. will be addressing that question on the basis of publicly available information and a quantitative dissection of the K-91 release, as it was important to do so for MMU's own strategic planning. This is the last chance for any questions to make it into the Q&A document since Rick'll be taking a few hours off tomorrow to work on it. Post questions to the Marum SI thread: Subject 13799 -or email any questions to Mr. Boulay by clicking here: mailto:president@marumresources.com __ - President Boulay's direct email address copying and pasting: (in case that last hotlink didn't activate your email program) president@marumresources.com Cheers, -j :> Marum Website: marumresources.com