Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jesse who wrote (1033)	11/18/1998 1:10:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2514

<< I think what is being discussed is that the element of thinner OB (glacial till) means the land is not unmineable. Obviously Marum has thought about this since they were first in the region to stake land (~4 yrs ago) >> Jesse, I realize that your above statement is the case, however, the way some things were presented in some of the earlier discussion, I felt that it may have been misleading to some newcomers to the thread. So I took the opportunity, more to clarify than anything else. Talk to you later. Salut, Leigh McBain

To: Jesse who wrote (1033)	11/18/1998 2:15:00 PM
From: bill	Read Replies (2) \| Respond to of 2514

Jesse, thanks for the post. I was wondering about whether underground mining was feasible. The areas I know (northern Manitoba) has very little or no overburden. The area is solid rock. The stability of the country rock allows for hard rock mining. It may be that in Alberta the quality of the ground is such that underground mining is not possible--or, to put it another way, so expensive as not to be feasible. Just about anything is possible if you have enough money but possible and economic are two different matters. Are there underground mines in Alberta in the area in which MMU holds land? Are there underground mines in Alberta at all? In BC, which I also know a little bit about, there are both open pit and underground but that's because of the wide variety of geology. The reason I asked about the gold equivalent for cut off points is that so much more is known about gold mining in Canada. The comparison in the NWT helped to make clear just how rich DMM and ABZ will be compared to NWT gold mines. Having a comparison is something I find really helpful. If, for example, it pays to strip mine gold at 3 grams a tonne, then it would pay to strip mine diamonds at the equivalent value. Today, all the action is on WSP.Let's hope that one day MMU will be seeing the same kind of activity.