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

To: Jesse who wrote (795)	7/17/1998 3:45:00 PM
From: Ray the Reaper	Read Replies (1) \| Respond to of 2514

I have been in communication with the company today and have learned that there are no plans to drill any sites yet. Instead, they are planning to do more sampling and mapping in about two weeks. Right now they are integrating the air mags results with the drilling results and have come up with some very 'precise targets' to look at. This 'may' happen in the late summer on targets which are easily accessible but other targets will not be drilled at least until freeze up. This helps keep the cost of drilling down by as much as $50,000 per hole depending on the location. Summer drilling of inaccessible areas requires more helicopter support consequently it is more costly. As the company is minding their dollars and cents I view this as prudent management. They try to exhaust all other forms of prospecting first before sinking the drill. Because the area is large and the systems are complex it is wise to be very sure before spending the lions share of ones budget on drilling holes. This is better done when you have made every effort to eliminate the risk of drilling into a useless anomaly. As for Carib's funding of more exploration on MMU land, the decision will not be made until the last week of July when the principals get back from their traveling. This summarizes the current status of the company's plans in the immediate future. I am pleased that the company President Richard A. Boulay was quick to respond to my inquiries. My hat is off to him and I wish them every success. Ray the Reaper