To: The Osprey who wrote (1112 ) 12/9/1998 7:50:00 PM From: violetta martinez Read Replies (1) | Respond to of 2514
Hot off the press for Special SI'ers!!! News Release # 98-10 SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing Final Consolidation of Pinhorn Diamond Property in Southern Alberta December 10, 1998 -- Marum Resources reports that it has completed the final land consolidation of its Pinhorn diamond exploration project, located in southern Alberta along the Montana border. The area contains complex assemblages of igneous rocks that are thought to be prospective for diamond. The property, now expanded to 325,000 acres, captures the axis of the Sweetgrass Arch as it cuts across the Archean-age Hearne Craton, probably the oldest and most attractive craton for diamond exploration in Alberta due to its age and thermal history. All of the property, except for approximately one square kilometre is now registered directly in Marum's name. Marum and Roman Wall Corporation have agreed to enter into a standard joint venture agreement to explore the Pinhorn property. Roman Wall, a private corporation at arm's length from Marum and its directors, currently holds a 50% net interest in approximately 300,000 acres and a 15% net interest in 25,000 acres of the Pinhorn property. Marum currently holds a 50% net interest in approximately 300,000 acres and a 70% net interest in 25,000 acres. With the rationalization of the land package complete, both Marum and Roman Wall can now proceed to reinstate an exploration program consisting of ground geophysics, trenching and drilling. 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: www.marumresources.com The Alberta Stock Exchange has neither approved or disapproved the information contained herein. _____________________________________________________________ Cheers Violetta