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

To: Wilse who wrote (1737)	4/28/1999 4:17:00 PM
From: Stew	Read Replies (2) \| Respond to of 2514

>>I'm betting on some gold and a nice increase in the nickel.... and so we wait.....<< And no Brian Tobin!

To: Wilse who wrote (1737)	4/28/1999 10:59:00 PM
From: Jesse	Respond to of 2514

*Here is a highly informative update/ FAQ response from MMU president, Rick Boulay (posted with his knowledge -- Great reading!): ==================================================== Thanks for your questions: Re: indicators. We have done limited sampling in a large area. We have reported on the results at length in past news releases. Relative to traditional, classical South African diamond indicators, we have encountered a slightly higher than expected number of pyropes (G-9's, on G-10 and most importantly G-2's, G-3's and a couple of ultra-high chrome G-12's) We have extraordinary amount of picro-ilmenites with magmatic reaction rims. Overall, we have the indicator mineral goods to validate the area for diamond, but I don't think it would be cost-efficient to use indicators for targeting. The Apex people suggest a focused sample collection program to zero in on a couple of targets areas. I was unconvinced until recently when Mike Dufresne our consultant educated me on glacial till morphology. We will probably collect samples whenever we can but will not likely launch a stand-alone area sampling program. I hope this addresses the question. Re: timing of sample results We are re-running the geochem analyses on the first 12 preliminary samples splits. This time using a stronger acid digestion treatment. Routine ICP digestions are designed to be cheap and fast and generate gross information on the elements values that can be compared agains background values. Re-doing the samples will better quantify the value of metals, such as nickel, that tend to resist the usual ICP digestion. Just a more intensive technique to get more accurate information. We don't really need the information on these particular samples because we know they are highly anomalous, but we want to evaluate the better digestion technique on known samples so that we can optimize an analytical technique for the project. This is routine tailoring of a standard analytical procedure to get a more efficient result, nothing more. Also, new results from about 20 additional samples should be available within a week, and within three weeks the results of about 130 additional samples should be available. These are all metal samples. Our sampling is becoming more intensive as we discover that sulphide mineralization is more pervasive that we originally thought. The metal sampling vultures are just about finished on three holes and will then move on to the second three to start logging and sampling. These are considered of secondary priority based on visuals. But, who knows? Diamond sampling can then begin on the remaining material from the first three holes and we expect those samples to be bagged and submitted early next week. Turnaround time of these is about 3 to 4 weeks. During this period we hope to be in the field getting larger samples. I might also mention that we are looking at a lot of archive samples, some which have never been sampled. These are the products of past years exploration, taken at or just below the newly defined target elevation. They are in our storage garage in Calgary and in a field just outside of Edmonton. Some of these samples look interesting and contain sulphides which we did not notice on the first pass because we lacked the necessary exploration context, or savvy, or both. Also, re: sampling, we are dusting off the Pinhorn project now that our land acquisition program along the Montana border is complete. Thanks to CaribGold, our ex-Chinchaga jv partners, we have complete coverage of 18 townships at 200 m spacing and have a host of anomalies to check out, starting in a few weeks to a month. In 1994 we took several hundred geochemical samples which we never processed due to lack of funding and a general collapse of the diamond play. However, the geochemistry of some of our pipes (lamproitic minettes, lamproites or alkaline mica peridoties), one of which contains at least one diamond, indicates that several samples run at least 1gm of gold, plus other metals. Some of the nearby sedimentary rocks are also slightly mineralized, based on very preliminary work. Additionally, we have some large feeder dikes, like the "Ramparts" over 1.5 km long and about 100m high are slightly mineralized as are some of the smaller ones like the "Roman Wall." These occur in an isolated area with perfect access about a 4 hour drive southeast of Calgary. We are running some of these samples for metals and will collect more samples in the field during the next few months. Somebody asked about where our targets were located. Until now we have been very guarded about target locations because of the horizontal target geometry that we defined as early as 1995, almost two years before AEC and Ashton started to explore in northern Alberta. With hole locations and target depths, a competitor could have (assuming anyone was interested) calculated the likely area of surface outcrops of the target units. We have now pinned it down and are satisfied that over 98% of the goods, as far as we know, are covered by Marum, Marum/ITH and Marum/Micrex property. This accounts for the strange shape of our properties. So, the right question is not where are our targets in relation to nearby land, but rather where is our target elevation in relation to nearby land. We have it all in the Chinchaga area, or almost all of it. It will take time for us all to start thinking in three dimensions, but we'll get there. BTW, did you see the spectacular Ashton results today. 0.7 micros per kg of sample in one of the holes. That's better than in some of the hot spots of the world's best mines. Outstanding results. I don't think anyone noticed. I'm a big fan of the Ashton technical team. You can post this if you wish Regards, Rick Boulay ==================================================== -------------- Again, -- thanks SO much for taking the time, Rick. You are dedicated! Terrific informational. ATB, -j :> MMU project website: mmu.simplenet.com