To: griz who wrote (772 ) 12/7/1998 11:44:00 PM From: Jesse Respond to of 822
Hi Folks! -- News from Marum Resources: ________________ MARUM RESOURCES INC. __________________ marumresources.com News Release # 98-09 SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing Chinchaga Diamond Program Microprobe Results December 8, 1998 -- Marum Resources reports that it has received electron microprobe results from the University of Saskatchewan for grains picked from samples obtained in October from the Chinchaga diamond project in northern Alberta. The sampling program was designed to assist in final targeting for a proposed January 1999 drill program. Stream sediment samples down-drainage from clusters of pipe targets have been previously reported as containing massive amounts of large glass spherules up to 5mm in diametre, with nickel sulphide inclusions. Microprobe results just received confirm that the spherules originated in an alkaline volcanic magma. Textural features are consistent with a local source. Overburden is thin to non-existent. The information has been used to prioritize magnetic anomalies directly upstream of the samples as pipe targets. The search for stratigraphic targets, consisting of Cretaceous-age nearshore marine beach "sands", has been an ongoing feature of the Chinchaga exploration program. This is an important target type, possibly unique to the Chinchaga area of Alberta due to the existence of a major seacoast running in a northeast-southwest direction through the area at the time the northern Alberta kimberlite pipes were emplaced. The economic importance of such targets is demonstrated by the extensive beach sand diamond deposits of western Africa which have been mined for a century. In the Chinchaga area, a target "sand", actually a distinctive flat-lying volcano-sedimentary unit, extending over 70 km along an ancient coastline, and up to 10 metres thick, has been identified as being prospective for diamond on the basis of unusual mineralogy which includes ilmenite, corundum and olivine. A recently processed sample has yielded volcanic glass spherules and, significantly, extraordinary quantities of perfectly formed, large black garnets. Microprobe results just received confirm these as andradites and hydrogrossulars with high titanium contents. These large, perfect crystals are primary magmatic minerals that are ultra-deficient in aluminum and formed in a local, alkaline volcanic magma of the type favourable for diamond formation. Grossular garnets occur in the Ashton and Monopros kimberlite pipes in Alberta. The unusual geochemistry of this rock unit and the spectacular amounts of these diagnostic indicator minerals confirm its attractiveness as a large, regional, flat-lying diamond host rock target. There is virtually no overburden over the "beach sand" target; drill depths to the bottom of the target, including overburden, should not exceed fifteen metres and very large tonnages are available for near-surface sampling. Samples from another sampling program, oriented to several clusters of pipe targets, carried out by APEX Geoscience of Edmonton in October, were submitted to Saskatchewan Research Council for analysis. Results are expected soon. The APEX sampling program included down-ice and downstream sampling from a large, distinct seismic anomaly consisting of a noticeable vertical disruption in a seismic profile. The seismic anomaly lies in a cluster of magnetic high anomalies which are themselves drill targets based on independent magnetic and geochemical data. The company is currently in discussion with a potential partner to form a joint venture on certain permits and to implement a drill program in the New Year. SOURCE: Mr. Richard Boulay, President Tel: (403) 264-2220 FOR FURTHER INFORMATION:Mr. Arness Cordick, Director Tel: (604) 602-1440 Toll Free: (800) 321-8564 or Calgary Office Tel: (403) 264-2220 Website: marumresources.com The Alberta Stock Exchange has neither approved or disapproved the information contained herein.