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

To: Mr. Oil who wrote (1088)	11/27/1998 8:11:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2514

Ray et al. - Rick was originally only willing to hint at the "kimberlite" existence. The company took quite a bit of heat, certainly on this thread, over having missed a kimberlite hit on their drilling and the more this was repeated, the more Rick was willing to come out of his conservative shell and explain his interpretation of what they had found. I would have potentially questioned his current position, as being promotional and/or cloaking comments, except that that was his position to begin with. Recently he has just gotten more public with the analysis, as it became obvious that the retail investment community was NOT coming to this conclusion by themselves and while the company was being ridiculed unfairly, in Rick's view. Have a great weekend all! Salut, Leigh McBain

To: Mr. Oil who wrote (1088)	11/27/1998 8:36:00 PM
From: Jesse	Respond to of 2514

Ray, you are quite the eloquent writer! I tend to agree with your comments: >>What is missing is unaltered and unweathered samples...unaltered so one can observe kimberlite texture. Components of Kimberlite exist in the cores taken but they are weathered and altered therefore MMU is unwilling to call them Kimberlite. Further testing at depth will hopefully find unaltered Kimberlite at which time MMU would be more comfortable calling it what it could well be called now... Kimberlite. This is their decision and they take it to ba a conservative one. << The makeup is there. It seems like (I may be wrong) they needed to get deeper, into the meat of the target, e.g., Target '7' where they were unable to penetrate the 'unit' with the core auger drill. This target will be re-visited (as per Mike Dufresne) in the imminent full-bore drill program, as will other even better looking targets that showed up brightly on the new airmags (on 100% Marum and Marum/Micrex lands), some of which have been subsequently surface sampled with submissions made to the lab... Previous sampling has showed: marumresources.com APEX Geoscience carried out a helicopter supported geochemical sampling program in late-1997. Samples were collected from all three Marum projects in the Chinchaga area. Geochemical indicator minerals that suggest a kimberlite origin have been recovered. These include, chrome diopsides; G3, G5 and G9 pyropes; and one G11 pyrope with an unusually high chrome content of 13.76%. Remember that Marum hit volcanic 'tuff' or the "apron"? surrounding a volcanic vent (indicatively a mantle sourced volcano) on how many?? of their holes in their last drilling program... Discrete diamond indicator minerals were encountered. - - To my knowledge there are 2 or 3 distinct area clusters currently under high prospectivity scrutinization by Marum and Marum/Micrex. Drilling in the first round, expected to be ~ten targets, is slated to begin in January. Anyway, I have great faith in Rick Boulay et al. and their commited professionalism. They mean business and are in this for the duration. Fortunately, we armchair critics aren't in charge! (heehee) ---- Ray, loved your joke re. "...patience, but hurry!" -- The asking for God to grant him "patients" reminds me of a diff. pun-joke: "I wanted to be a doctor, but I just didn't have the patients!" Have a great weekend folks, -j :> PS, also from the MMU NR of last July: marumresources.com The samples were processed at Saskatchewan Research Council in Saskatoon and at Overburden Drilling in Ottawa. Microscope and microprobe analyses of the samples indicate that the volcanic ash and sandy tuff may have been ejected from a nearby kimberlitic volcanic pipe. This diagnosis is based on the recovery of a broad range of indicator minerals from core samples, including some indicators that are considered exclusive to a kimberlite source. These include pristine, black, high-titanium biotite crystals and altered olivine in the volcanic ash. Also, abundant chrome-bearing picro-ilmenites were recovered from the green sandy tuff. Some of the picro-ilmenites are encrusted with perovskite, a calcium titanium oxide. The presence of perovskite reaction rims on picro-ilmenite grains is specifically indicative of a kimberlite origin since the perovsksite reaction rims actually formed in the rising kimberlite magma. The volcanic ash also yielded a fragile fragment of a mantle derived "ascent granulite" containing two types of pyroxene and a garnet. This provides an independent confirmation of a nearby deeply sourced volcanic pipe. The thin glacial till cover in the drill holes also yielded an encouraging assortment of indicators, including chrome-bearing picro-ilmenites, eclogitic garnets and chrome diopsides with chrome content high enough to indicate a mantle origin. The discovery of volcanic ash and tuff layers that contain fragile olivine, perfect hi-titanium biotite crystals and picro-ilmenite grains with perovskite reaction rims suggests the presence of nearby kimberlite intrusions.

To: Mr. Oil who wrote (1088)	11/27/1998 9:41:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

Hiya Ray, one more <gg> follow-up comment re. your post: You wrote (ie, surmised): >> Components of Kimberlite exist in the cores taken but they are weathered and altered therefore MMU is unwilling to call them Kimberlite.<< Thought I'd forward this interpretation to president Rick Boulay to confirm, and being the dedicated diehard he is, and fortunately for us, he was able to respond promptly with the following: --- "Wrong! The identified components are not weathered/altered at all. They are beautiful, pristine crystals. Most of the volume/weight of the core samples is made up of fine grained iron-, magnesium- and chrome-rich clays which are products of near surface alteration. We believe, based on the chemistry that the original minerals were olivine and pyroxene, but we are not certain." --- --- There ya go kids!! :^) Best Regards, -j :>