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

To: Leigh McBain who wrote (799)	7/23/1998 8:58:00 PM
From: average joe	Respond to of 2514

What happened to this thread? I think Leigh killed it! Is Marum still trading anywhere these days. over and out - aj

To: Leigh McBain who wrote (799)	7/24/1998 11:19:00 AM
From: Jesse	Read Replies (3) \| Respond to of 2514

Update from company President, Richard Boulay: --------------------------------------------- Thanks for asking about information on our recent Chinchaga sampling program. Here's a quick and dirty answer which you are free to post if you so choose. ......... Concentrates from about 15 samples taken, collected in June, downstream, down-ice and down-drainage from 200m mag anomalies will be ready for picking by Sunday or Monday. We are using the same technique as Monopros is using on the Troymin property and which is known to work near the Ashton and Monopros pipes in Alberta. We run a "fence" of samples near anomalies and use the results to prioritize the anomalies for further exploration. Our June sampling program involved taking about 60 samples near 15 or so anomalies. We have prioritized the processing of the samples based on our very successful October geochem results combined with our assessment of the quality of the anomalies with due consideration for access difficulty. Some of the anomalies will have to be sampled by helicopter. Our philosophy is to never drill a magnetic anomaly without supporting geochemical evidence. Otherwise, we would just waste money on the most expensive type of exploration, i.e., drilling. Happily, most of our anomalies have a little bit of glacial till nearby, a half-meter to two metres, so that we have access to a basal till layer which will concentrate indicators from nearby sources. We use either a shovel or a little post hole digger sampler with a maximum depth reach of 4 metres. Once we receive the sample concentrates it will take a couple of days to pick the cons and then we will send off the interesting grains to be microprobed. The microprobing is a professional necessity but often we can make exploration decisions on the basis of a visual examination of indicators. Sometime in August we will send in a helicopter-supported crew to finish off the sampling program and even revisit some of the already sampled sites. Then we will be able to comfortably decide on the next step. One of the biggest problems we have is conveying to our shareholders the incredible geographical scale of this project and the need to be very methodical before spending large amounts of money on drilling. We intend to have a drilling strategy on the 100% Marum and Marum/Micrex jv properties outlined by early September. Hope that answers your question. Regards, Rick Boulay ====================================== -j :>