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

To: bill who wrote (1335)	3/8/1999 10:13:00 AM
From: Mr. Oil	Read Replies (1) \| Respond to of 2514

As mentioned on the ACA thread bill folks should be careful. ACA is finding lots of kimberlite but the price of ACA reflects their success at the present time. ACA needs diamonds now to move them up. So far they haven't been all that successful in finding the goods so I wouldn't jump back in on a new pipe find. MMU is finally trading today. There was a tug of war at the open and looks like a truce was declared so the open was same as the last close on small volume. Who will win the day? We shall see. Ray

To: bill who wrote (1335)	3/8/1999 12:43:00 PM
From: Jesse	Respond to of 2514

Calm, stabilized MMU trading this morning. -- I've done more Research: Bill, if you read in that Ashton NR from today, there is a first-time reference to bedded deposits: "Initial drilling of the new discoveries has intersected variable thicknesses of kimberlite in pipe-like and bed-like formations." In reviewing archives, I've uncovered the following... From MMU's results' NR, May26/98: marumresources.com "The new, more detailed results define several new sets of point target patterns that are not related to cultural objects. Moreover, these target patterns, or clusters, although some are linear patterns over 8km long, are not related to glacial till deposits since till is very thin throughout the Chinchaga area." And a posted follow-up comment by Marum president Boulay, Message 4612605 "The 8km linear patterns are "string's of point anomalies, pipey targets, in effect. The Cretaceous beach sand play, remember this is a grass roots longshot derivative play, is much, much larger with the ancient fluvial, "delta" and longshore current deposits being up to 100km long by about 40 km wide. They occur slightly lower in elevation than the pipe targets. This is logical for secondary lag deposit sediments and they show up very well on the magnetics, as expected since they also concentrate magnetite which has a specific gravity near 6, compared to diamond at 3.5 and indicators running from 2.9 to about 4.2." Another occasion where this was touched upon was here: Message 6469097 Boulay: "..We employ a biostratigraphic consultant to look at our core. Fossils in our core confirm that our kimberlite component minerals are residual grains in a Cretaceous age (approx 85 million years old) rock, are derived from a nearby source, and are not glacial in origin. What we don't know is that if it is a crater facies rock, a volcanic ash dump, a reworked lag deposit or another type of deposit associated with explosive volcanic activity. The situation to the east where Ashton and Montello are drilling is simpler in that the kimberlites blew out into a shallow sea, maybe 100 to 150 metres deep and the ejecta fell back to form more or less organized beds. The Chinchaga was coastal marsh to sub-areal (i.e., exposed land) and we can expect a more complicated re-depositional picture. As to the "pipe" question, it's still early days. Neither Ashton nor Montello (I believe) have encountered diatreme facies rocks and the current list of known pipes may not really be pipes at all but suspended craters with the underlying pipes having been been destroyed by the inward collapse of marine muds. No one knows at this stage...[ACA's] news releases are not very specific. Investors hold visions of neat pipe structures surrounded by country host rock. It is much, much more complicated than that." Also, Message 6438927 Boulay, "..Our philosophy is to acquire adjacent land and to joint venture on the peripheries, maintaining the core block as a 100% asset. When this play becomes better defined it will look completely different from the current perception and 100% land will command respect. It is not just a matter of poking holes into anomalies. These systems are far more complex and a lot bigger than currently envisioned. For example, the diamond-stuffed Namib beach deposits run for 1,500 km along the west coast of Africa. We have similar Cretaceous age deposits covering most of northwest Alberta. These targets are not necessarily explored best by joint venturing with a major company who might only concentrate on our excellent pipe targets because that's what the current armchair wisdom dictates." ____________ Bit of visionary there... Anyway, the current drill program is after "Pipes". This other is ancillary and may prove to be v.lucrative. For now, the pipe-like anomalies drill program continues! Best to all, -j :> MMU new website: mmu.simplenet.com