Business
Marum makes significant acquisition in Rice Lake Belt - Poundmaker Option
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/ TSX Venture Trading Symbol "MMU" SEC 12g(...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nTSX Venture Trading Symbol "MMU"\n\n\nSEC 12g(3) Exemption 82-4100\n\n\nStandard & Poor's Corporate Manual Listing\n\n\nCALGARY, Feb. 4 /CNW/ - Marum Resources Inc. (TSXV:MMU) ("Marum") is\npleased to announce that it has entered into an option agreement with Wildcat\nExploration Ltd. (TSXV:WEL)("Wildcat") to earn a 100% interest, subject to\nWildcat's right to retain up to a 35% interest, in 72 claims (12,176 ha)\nrepresenting a portion of Wildcat's Poundmaker property at the west end of the\nRice Lake Gold belt. Wildcat has announced that it will retain 26 claims\ncovering 3,398 ha. in the southeast quadrant of the Poundmaker property where\nit is currently exploring gold targets.\n\n\nThe acquisition of the Poundmaker option, together with Marum's 100%\nowned Goldridge and Ultra claim groups and the Marum-San Gold Strike point\njoint venture, results in extensive coverage of the central and western parts\nof the Rice Lake Gold belt, extending from immediately west of San Gold\nCorporation's ("San Gold") Rice Lake Mine to the western end of the belt, a\ndistance of approximately 35 kilometers. A map showing Marum's land holdings\nat the West end of the Rice Lake gold belt following the acquisition of the\nWildcat Poundmaker option is available at Marum's website,\nwww.marumresources.com.\n\n\nDaniel A. Beauchamp, VP Exploration and a director of Marum, has been\ndesignated at the Qualified Person for the Poundmaker project and has reviewed\nthis press release. He will immediately undertake a review of Wildcat's\nextensive Poundmaker data and will integrate this data with Marum data\ncovering the Goldridge and Ultra claims to the west and the Strike Point\nproperty to the east. An aggressive gold exploration program is planned for\n2008. The Poundmaker property has been explored by Wildcat for several years\nand a number of prospective gold environments have been identified, including:\nnewly recognized fault splays of the Wanipigow fault, iron carbonate\nalteration zones in sheared felsic volcanics, iron formations and iron\ncarbonate alteration zones in sheared felsic volcanics. These prospective\ngold-bearing environments are compatible with and complement equally\nprospective gold exploration environments on Maru...