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

To: Jesse who wrote (1866)	5/27/1999 2:10:00 AM
From: George S. Montgomery	Read Replies (2) \| Respond to of 2514

________________ MARUM RESOURCES INC. __________________ marumresources.com SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing News Release - May 27, 1999 INTERNATIONAL TOWER HILL MINES LTD. (ITH - VSE) MICREX DEVELOPMENT CORP. (MIX - ASE) MARUM RESOURCES INC. (MMU - ASE) Geochemical Results Define Large Metal-bearing Basin in northern Alberta May 27, 1999 - International Tower Hill Mines Ltd. (ITH - VSE), Micrex Development Corp. (MIX - ASE) and Marum Resources Inc. (MMU - ASE) report additional results from their Chinchaga properties in northwestern Alberta. The analysis of drill core obtained in February, 1999, by the Marum/International Tower Hill joint venture in the Chinchaga area revealed widespread metallic mineralization in layered volcaniclastic rocks. Marum, as operator of the Chinchaga joint ventures, initiated a program to test archived samples collected in the Chinchaga area since 1995. The samples include surface outcrop samples, trench rock samples and shallow-hole reconnaissance auger drill samples. Fifteen samples were submitted for total digestion ICP analysis. These samples were selected on the basis that they were collected at the same stratigraphic level as the mineralized layers encountered in the February, 1999 drill program; a horizontal volcaniclastic layer currently defined as being approximately 100 metres thick. All fifteen samples were found to contain high levels of metallic elements that are comparable to those contained in recent drill core analyses. Additionally, key hydrothermal mineralizing indicators such as boron and barium are highly enriched. A selection of elemental results are presented in the following table: High Low Average Silver (gms) 7.2 0.5 3.0 Boron (ppm) 3210 94 1345 Barium (ppm) 1040 409 762 Nickel (ppm) 225 62 105 Vanadium (ppm) 965 72 301 Zinc (ppm) 375 60 135 Note: (ppm) means "parts per million", (gms) means grams per tonne. The samples were taken from 100% Marum property, Marum/International Tower Hill joint venture property and Marum/Micrex Joint venture property. The distribution of known mineralization in the layered volcaniclastic unit is now known to extend a distance of approximately 156km north to south, by approximately 35km east to west. It is likely that the mineralized area may extend another 30km westward. Over 85% of the mineralized horizon occurs on land controlled by Marum, the Marum/Micrex joint venture or the Marum/International Tower Hill joint venture. These new results define a large, layered, easily accessible mineralized volcaniclastic unit that has the potential to contain large tonnage mineral deposits. The next exploration step involves the identification of areas where the metal concentrations are high enough to be considered economic. All of these properties remain active diamond exploration properties and various diamond exploration sampling programs are planned for the summer field seasons, with possible drilling along main access routes. The metals exploration program currently consists of a regional structural study to locate areas for sampling and drilling, primarily areas of high faulting density where the metallic mineralization may be concentrated into economic grades at or near surface. Additional sample results will be reported when they are received. 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 _____________________________________________________________ If you want to be removed from our email list, return this complete message to us and we will delete <Patchen3@aol.com> from our list. Thanks. ----------------------- Headers -------------------------------- Return-Path: <president@marumresources.com> Received: from rly-yh02.mx.aol.com (rly-yh02.mail.aol.com [172.18.147.34]) by air-yh04.mail.aol.com (v59.24) with SMTP; Thu, 27 May 1999 01:22:34 -0400 Received: from mail.rdc1.ab.home.com (ha1.rdc1.ab.wave.home.com [24.64.2.50]) by rly-yh02.mx.aol.com (vx) with SMTP; Thu, 27 May 1999 01:22:23 2000 Received: from cs115765-a ([24.64.229.202]) by mail.rdc1.ab.home.com (InterMail v4.01.01.00 201-229-111) with SMTP id <19990527052222.ESCA1126.mail.rdc1.ab.home.com@cs115765-a> for <Patchen3@aol.com>; Wed, 26 May 1999 22:22:22 -0700 To: <Patchen3@aol.com> From: president@marumresources.com Subject: Marum News List Date: Wed, 26 May 1999 23:22:55 -0700 Message-Id: <36306.974256828704000.222400@localhost> MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 8bit There's the NR, Jesse. Hope you're having a fun night out. Is the leverage for metals close to the leverage fpr diamonds. I mean the degree to which the stock price/value is influenced by a 'find.' george