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

To: George S. Montgomery who wrote (1816)	5/16/1999 4:25:00 PM
From: russet	Read Replies (1) \| Respond to of 2514

Hope you are all enjoying this weekend, Crap is good if it forces us to go back and re-evaluate our assumptions and train of logic. Crap on many threads have forced people to scramble around to get new information to support their views. This thread is rather unique, as the president of the company offers up his theories and background information, as the exploration is happening. He also comments on posters theories and assumptions. That is very valuable. This information is beyond the level of the normal claptrap that is presented by promoters on other threads. Having spoken to Rick Boulay in the past, I believe the guy is sincere and excited about the work he is involved in. He also likes communicating it to other people. If someone wants to slam this stock, I suggest that person first comes up with some good geological reasons why this deposit couldn't be economic. That would be useful. The rest of the subterfuge and innuendo is not useful. We all should know the stock industry is plagued by greedy, dishonest promoters. There are also many hard working honest individuals,...and some get rich by finding big economic deposits. The slide in the stock from its highs is normal and expected. Every stock does it in the absence of information. The exploration is in Act 1 of a 5 act play,...very preliminary. It has already rewritten the known geological history of the area. Let's sit back and enjoy the rest of the play. russett

To: George S. Montgomery who wrote (1816)	5/16/1999 10:18:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

George, yer a prince! :) -- And, our Prince at the helm, prez. Rick Boulay, has again offered some responses and bueno comments for us to review here. -- I might point out that this info is tendered by him voluntarily,... and I know that you, myself, Larry, Russett, and many other MMU shareholders/ watchers here appreciate Rick's generous efforts GREATLY! [Posted with consent]: ==================================== Hello Jesse: Thanks for sending me various questions and excerpts. I was traveling, sort of a working vacation, with directors meetings and stuff here and there. Accordingly, I tried to cut down on my outgoing email. Early May is a good time for me to travel because its usually dead time for me, samples from spring programs are being processed and we can't get into the field because its too wet. I usually attend director's meetings and the Mount Real (MRF) annual meeting. This year, the 10th year of my founding MRF and the sixth anniversary of transferring control to current management. I recently rotated off the board since its time to do other things, like dedicate even more time to Marum. Then, packing a cell phone and portable computer, I normally try to take a week to go on a working vacation to add to my geological education and to collect a few rocks. This year one of the places I went to was Ile Bizard, near Montreal to collect some of the "kimberlite" that had been tested by Monopros years ago. Its weakly diamondiferous, I'm told. I shipped 50 kilos to Edmonton for analysis and archive by the Alberta Geological Survey since we need to develop a good collection to provide a proper scientific foundation to the Alberta Diamond Play as it develops and expands. We are all on standby to go to the field for a sampling program as soon as we can. Last week's snowfall in northern Alberta can be expected to delay things a few days to a week. We still don't know what the timing will be but will keep shareholders as informed as we can. Here are some comments to your questions and items you pointed out to me: One commentator has speculated that I have engaged in criminal conduct by frontrunning a specific individual with advance notice of news releases. This is a very serious "accusation", which I deny, but which should nevertheless be investigated. I invite the individual to report their evidence or speculation to the Alberta Stock Exchange surveillance staff. Here is a contact: Dean Stewart, ASE Surveillance Tel: (403) 974-7450. What a pain!. I don't mind hard, honest constructive criticism but unfounded speculation of criminal conduct is really annoying, unethical and unprofessional. There has been some talk of mineral exploration companies switching to internet deals. I have seen the announcements for some of the deals. Marum management has no plans to "diversify" into the net business even though we are probably more qualified than most to do so. We have over 1 million acres of diamond land in Alberta that we have under active exploration and our plate is full. BTW, I do consult from time to time to Upland Global (UPL on Alberta) and advise them on their net activities. Check out their latest news release regarding HeartlandAmerica.com and compare that with some of the other recent mining/internet company releases. UPL is a major customer of MRF and I assisted them in going public in 1995. I'm a director of UPL but do not get involved in the company's daily activities. UPL's approach to the net is very different and one that makes real sense. Each transaction, including the first one, must be profitable. So, if anyone is looking for an internet play, check out UPL, rather than one of the the mining/internet "trans-investites" where the information circulars always includes the phrase ".... no (select one: earnings/revenues) are expected for (fill in the blank) years". Again, Marum is a diamond exploration company and will remain so. If we find other commodities, such as metallic commodities, we will develop them and then seek to joint venture with a major. This makes sense and in no way indicates any lessening of enthusiasm for our diamond exploration projects. As to what is currently happening. We have essentially finished taking metallic samples in three of the drill holes and have taken and submitted samples for diamond analysis. We expect new assay and geochem analyses very soon. Diamond analyses will take a little longer. Just before emailing this to you I noticed a really excellent question on the Marum SI thread. "....why is it logical that the diamonds would be homogeneously spread thru the P-1 layer." Great question. Not an easy one to answer at this stage. The early geochemistry of the beast indicates that it has a magmatic origin that is favourable to diamond formation and transport to surface. Usually in a pipe environment the diamonds can be considered to be more or less homogeneous for mining purposes assuming the units of evaluation are very large, say 100,000 tonnes. That is, one unit will contain the same number of carats as another unit. Reduce the sample unit to, say, one tonne and most pipe deposits are extremely non-homogeneous. Pyroclastics or volcaniclastic ejecta from diamond-bearing pipes can be extremely variable in terms of diamond grade consistency. The "sandy tuff" of the Argyle mine in Australia is notoriously homogeneous for all diamonds, including microdiamonds, but not particularly homogeneous for macros-only. Information is hard to obtain for the distribution of diamonds in the volcaniclastic ores of Botswana that are mined by DeBeers. Generally, to the extent that we have been able to determine, volcaniclastics tend to be homogeneous locally, but not homogeneous when developed regionally. Since we have regional development in the Chinchaga, the comparison with known models around the world would suggest that the distribution of diamonds will not be homogeneous. Rather, we would expect marine to fluvial concentration of diamonds to occur in keeping with diamond's density relative to the other grains in the volcaniclastic mix. This make exploration somewhat more difficult but does allow for grade concentration much higher that can be expected from pipe material. We feel comfortable in saying that the entire unit is prospective for diamond but we do not expect any minerals to be homogeneously distributed throughout the rock unit. We have a lot of work to do on this and our proposed large scale sampling program may answer some of these questions in the near term. We'll see. You can post this if you attribute it directly to me. Best Regards, Rick Boulay ================================ ------------ Cheers, -j :>

To: George S. Montgomery who wrote (1816)	5/18/1999 7:32:00 AM
From: violetta martinez	Read Replies (1) \| Respond to of 2514

SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing News Release - May 18, 1999 Additional Geochemical Results from Chinchaga Diamond Project May 18, 1999 - International Tower Hill Mines Ltd. (ITH - VSE) and Marum Resources Inc. (MMU - ASE) report that they have received from Loring Laboratories results of 30 total digestion ICP analyses. These results describe the geochemical composition of a horizontal rock unit (the "P-1 Layer") extending 11 km between Holes 7-D and 9, drilled in February, 1999. No sample results have yet been received for the 70 metres of mineralized rock that underlies the P-1 Layer in both drill holes. Except for gold, which was below detection limit in all samples, all of the samples are generously mineralized in metals and in elements that indicate that the host rock has been subjected to the influence hydrothermal mineralizing fluids. A selection of results are contained in the table below: High Low Average Silver (gms) 7.0 0.5 2.0 Boron (ppm) 2470 51 868 Barium (ppm) 810 28 534 Nickel (ppm) 252 24 102 Vanadium 576 39 204 Zinc 476 28 150 Note: (ppm) means "parts per million", (gms) means grams per tonne. The results confirm that the 9 to 12 metre thick P-1 Layer is highly enriched in elements, including interesting economic metals, over 11 km in a north-south axis. The unusual boron and barium concentrations suggest nearby, possibly multiple, hydrothermal volcanic vents. Boron is especially significant, occurring in such high concentrations in our samples, since it is a very specific component of many large tonnage zinc/lead/silver deposits, such as the century old Sullivan massive zinc/lead/silver mine in southern British Columbia. Additional samples are currently being processed for metallic geochemistry. Selected core samples have been submitted for diamond analysis. A structural study of the Chinchaga area is underway to identify fault system intersections where metals might be concentrated into economic grades and tonnages. A mini-bulk diamond and diamond indicator sampling program is scheduled to be carried out as soon as the Chinchaga area is dry enough for field operations to commence FOR FURTHER INFORMATION: International Tower Hill Mines Ltd. Marum Resources Inc. Mr. Anton Drescher, President Mr. Richard Boulay, President Tel: (604) 685-1017 Tel: (403) 264-2220 or Website: www.towerhillmines.com Mr. Arness Cordick, Director Tel: (604) 602-1440 Toll Free: 800-321-8564 www.marumresources.com The Vancouver Stock Exchange and The Alberta Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. _____________________________________________________________ Chinchaga Project Website mmu.simplenet.com _____________________________________________________________ Cheers, violetta