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

To: zedex who wrote (1517)	3/30/1999 11:21:00 PM
From: Jesse	Read Replies (2) \| Respond to of 2514

Well stated Bruce! Much lower profit cut-offs, etc-- it's difficult to fathom the mammoth tonnage implications, as based on the geometry shared in the news release. Further to your comments (from tonight's NR): "...based on recent drill intercepts and the results of previous sampling programs, the P-1 Sequence is a flat-lying volcanic, possibly kimberlitic, layer between 5 and 10 metres thick and is projected to outcrop along the edges of the Naylor Hills in a band varying between 300 metres and one kilometre wide, covering a conservatively estimated area of 30 square kilometres without any rock cover and with virtually no overburden." And more from the NR, "The discovery of the existence of a major volcanic system in the Chinchaga area is of great scientific importance and will likely redefine the geological perception of the western Canadian sedimentary basin. The fact that the volcanic ashes overlying the P-1 Sequence have already been linked to a kimberlitic source may have a profound effect on diamond exploration in Alberta. To date, diamond exploration in Alberta has revolved around the search for relatively small, limited tonnage pipe deposits. Future diamond exploration, in areas of low overburden and bedrock cover, must now logically include large tonnage horizontal economic targets which could be effectively mined in the Alberta sedimentary environment using existing Alberta mining techniques. Examples of these mining techniques are represented by Alberta's large coal mines and the largest production mine in the world, the one million tonne-per-day Syncrude mine at Fort McMurray." -Not stated lightly, I assure you. Ciao, -j :>