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

To: dvid who wrote (771)	7/15/1998 1:07:00 AM
From: average joe	Respond to of 2514

You know I find that 20 year out of date article amusing and annoying all at the same time. I was in a meeting several years ago in Vancouver with a diamond geologist and several Vancouver brokers. The geologist gave his read on several kimberlites in the orient, two of which were actual producing diamond mines. One of the brokers had the nerve or the stupidity to chirp up and say, but what about the nickel thermometry of the G'10's. What difference does it make what the geochemistry is when you have a diamond mine? It seems to me it makes an interesting academic exercise but that is all. The FALC area in Saskatchewan is about the same depth as the Alberta areas. The closest anything geochem related comes to surface is the Montana border area. This was the same area several government geologists claimed to have found a new diamond field. They are basing this on fresh G'10's that have not traveled very far. They forget to remember that the limestone the G'10 weathered out of traveled over 200 miles. I believe if another kimberlite field is found in Alberta it will be at least a 200 mile jump to the north west. good luck though! over and out - aj

To: dvid who wrote (771)	7/15/1998 11:23:00 AM
From: JP	Respond to of 2514

<<With an outstanding financing and a lack of decision from CG, it is advisable for existing speculators to hold their position and for new speculators to wait for the above milestones. I suggest we continue to hold MMU until a drill tests some of these targets. This, in all likelihood, will not happen till 1999.>> Rather obvious recommendation. At 10 cents the stock has to go up -the shell is worth 5 cents. If he actually had faith in the stock and the findings he would be saying buy at these rock bottom prices.

To: dvid who wrote (771)	7/15/1998 12:43:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

Sudhir Khanna of "The Resource Indicator" makes some excellent points. Visit his website at http://goldsheet.simplenet.com/tri_home.htm to review recent performance and issues, and learn about his newsletter. A couple of many v.good points from TRI: ...The water and air action agglomerates the ash into little balls or "lapilli" and they fall to earth or to water (similar to hailstone formation). These are very common to all types of volcanoes. The difference here is the contained volcanic glass shards and the ilmenties with perovskite reaction rims. This is virtually exclusive to kimberlite pipes, especially in the quantity recovered by Marum. These ilmenites are also rare in northern Alberta and likely come from a more local volcanic source. Also, these ilmenites would not have survived transport of any great distance in the sedimentary or glacial environment as Mg-ilmenites are destroyed very quickly by physical and chemical alteration. Ashton reports ilmenites with high MgO and elevated Nb2O5 to be important because these grains are considered to be indicative of kimberlites or related intrusions. To date, although ilmenites have been discovered throughout Alberta, very few have a high MgO content. --- Also, Based on auger drilling, the area is known to have thin drift and therefore even a few indicator minerals in drift should be considered highly important. This is a very good point. Since there is so little OB, what's in that in terms of diamond indicators is highly significant. TRI made many other good observations. It's nice to have an interpreter who knows what he's talking about. ----- Marum has made real progress, and is proving their understanding of this field. I sure wish the markets were in better shape to receive this news, as well as make for a better operating environment. -j :>