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

To: Leigh McBain who wrote (1019)	11/16/1998 10:44:00 PM
From: Jesse	Read Replies (4) \| Respond to of 2514

Everyone, you're welcome, and it was great of RickB. to offer that info! (everyone, ie, Osprey, Stew, Ray, Leigh, Wilse, etc.) It really is proof of this company's commitment to the cause. Leigh, you're right that some naysayers seem to stare the truth in the face and deny it! Such will always be. -- But with regard to your overburden comments ('OB'), from recent posts here you should be able to see that one of the points among the many that was well supported, was that the Alberta diamond mining advantage over the NWT is greatly diminished when OB greater than 10m is encountered. Obviously the odds are much greater of finding an economic deposit when there are not the prohibitive costs of getting through the stuff on top to extract the ore beneath. -- An excerpt from the last post, "Also, the land has to be explorable and mineable. Alberta mines are defined by material management considerations. We have lots of experience financing and building western Canadian mines, in prior incarnations. Pre-stripping costs are critical. The key here is the word "PRE-STRIPPING". Our land acquistion strategy is based on 20 metres of till being excessive, 30 metres being too deep to mine for most deposits and 50 metres being too deep for all deposits..." Clearly land that has little to no overburden is a highly significant consideration, but of course not the only factor. Beyond that, which as you point out is of utmost importance, is the presence of a diamond host rock! Marum has found significant kimberlitic and diamond indicators during their exploration of the area. They have recently completed further, fairly extensive, chopper supported field sampling projects at various high priority anomaly sites through their last field program(s) in the Chinchaga Terrane, after the 7,000-line km 200m spacing airmag survey was flown, and then maps interpreted. -- Several samples have gone to the SRC lab for microprobe... I might suggest we re-read all of that last post, if time permits: Message 6438927 Importantly, another excerpt from that post that sums up Marum's exploration strategy,: "In a cratonic environment, maximize your land position over low gravity areas which are explorable and which contain evidence of the existence of pipe or remobilized sedimentary concentrations of diamonds. We are not dogmatic and do not insist that others follow the strategy, but it makes sense to us. In a cratonic area, low gravity probably means a deeper cratonic keel and if pipes exist they should have a better chance of being better mineralized with diamond." ------ - - How about the,... as good as kimberlite comments?: "You can call a rock a kimberlite if it is a mica peridotite which contains pyroxene, phlogopite mica and olivine. We have encountered this rock on two targets. It's nice to also have accessory minerals such as pyrope, perovskite, ilmenite and ascent particles. We also have these in the same core samples." - I think these are genuinely significant showings and should be bourne out as the real McKoy. ========== Oh, folks, remember this link shared to us threaders by Mr. Boulay in August? It's more info on Marum target selection, based on much more than simply thin overburden. Thought I'd re-link it for newcomers & as a refresher for others: "Chinchaga Area Anomaly Screen Example" [-three great anomaly graphics and plenty of interpretive text!] http://www.marumresources.com/Anomaly200.html Screening Criteria Each anomaly must have: - a double flexure disruption on total magnetic intensity field - a distinct geochem hit within 2,000m, and - a coincident topographic anomaly [plenty more to read there] ------------------------- ------------------------- Finally, any guesses at Rick's "contest question" in that last post? (see the above techstocks link for the question again) - - - - - - Phew, another long post. Ciao for now! -j :> PS, always do your own sufficient research before investing in any stock, of course, bearing in mind the risks involved. Marum Website: marumresources.com