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

To: Wilse who wrote (1599)	4/17/1999 9:21:00 PM
From: Carole Olkowski	Read Replies (1) \| Respond to of 2514

Well, what a shocker to look in my account and see this little sleeper at .19 ...Ive held this for the better part of a year now...not sure why anymore...<ggg> If you tell me theyre going to sell diamonds on the internet, I'm sure i'll think ive died and gone to heaven...but seriously :) was there a news release? will look to sell Monday otherwise. Thanks Carole

To: Wilse who wrote (1599)	4/18/1999 12:33:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

Hi Folks! -- For any interested- I was perusing the Birch Mtn thread and I saw the latest Ateba Mines (ABM) NR posted there. Here's a portion of that NR: From Ateba Mines 04/14/99 NR: "Large areas of northeastern Alberta are underlain by Cretaceous rocks containing clays including bentonite and are known to host sulphide mineralization containing base metal and precious metal values, as well as visible gold grains. Until the introduction of Ateba's patented process for deflocculating the clay the metal values were unrecoverable by standard flotation methods. Three companies having title to over 500,000 acres of permits in northeastern Alberta and using Ateba's process may have identified large low-grade gold and base metal deposits in this area." -- I noted in Marum's last NR: (03/31/99: mmu.simplenet.com ) "..The topmost pyroclastic unit encountered in Targets 7, 7-D and 9 are considered to be stratigraphically equivalent due to their virtually identical internal stratigraphic structure. That is, the P-1 Sequence has been identified at precisely the same elevation in the three targets. Targets 7 and 7-D are 600 metres apart and both are located approximately 13 km from Target 9. All three targets are on elevated ground and the P-1 Sequence is projected to outcrop around the periphery of the Naylor Hills, the dominant topographical feature of the area. P-1 is flat lying and its elevation is now precisely known. A preliminary calculation, using an average thickness assumption of 7 metres, suggests that a very conservatively estimated minimum of 600 million tonnes of P-1 Sequence material is available for surface sampling on the joint venture permits. A significantly larger tonnage of P-1 Sequence material can be projected to be available at nominally higher rock strip ratios. ..Diagnostic kimberlite component minerals have been extracted from Target 7 volcanic ash core drilled in 1998 and recovered from samples taken from streams cutting the P-1 Sequence. However, no petrographic or geochemical tests have yet been performed on core from the recently completed drilling program. The proposed geochemical tests, in addition to diamond related analysis, will include gold, silver, platinum-group, copper, zinc and nickel assays on the sulphide layers. Such tests are routinely performed whenever sulphides are encountered in drill core. The core logging process will continue and laboratory results will be announced as they are received." -- Further, in an earlier Ateba Mines NR, 12/14/98: "..the U.S. Patent Office had given notice of allowability of the company's patent for the treatment of clay in gold and diamond-bearing material. An agreement has been reached involving the recovery of sulphides from clay-bearing rock formations... This patent was based on test work in California on a gold and diamond-bearing gravel deposit, cemented by clay and situated under a capping of lava rock. The clay reject from the processing plant (tailings) contained gold unrecovered by the plant. By treating the clay with the patented process the gold was recovered." ___________ - I wondered about this apparently ground-breaking methodology (so to speak ;) that ABM has discovered, and its application in the Chinchaga area of Alberta... So, I thought I'd ask our illustrious resident authority (MMU president Rick Boulay) about this. Hey, ya never know! -- -- Sure enough, Rick offered some great responses. I will post them to this thread a little later today! Best, -j :>