SI
SI
discoversearch

Gold/Mining/Energy
Spokane (SKN.V) Discovers Second Zone!!
An SI Board Since October 1996
Posts SubjectMarks Bans Symbol
36 1 0 SKN
Emcee:  Doug McFaul Type:  Unmoderated
SPOKANE HAS DISCOVERED A SECOND ZONE!!! - THE MARKET IS STARTING TO REFLECT SPOKANE'S POTENTIAL AS THE STOCK PRICE BEGINS TO RISE!! - What does this mean? What we do know is that diamond drilling to date in the Camp Zone has indicated a geological resource of greater than 100 million tonnes. The Peak Zone where the discovery was made has significantly more tonnage potential than the Camp Zone. This property remains one of the most promising porphyry deposits in Canada.


SPOKANE RESOURCES LTD.
Trading Symbol: SKN:VSE October 15, 1996

DIAMOND DRILLING CONFIRMS SECOND MINERALIZED PORPHYRY ZONES
Mac Project, Babine Lake Area, British Columbia

Spokane Resources Ltd. is pleased to announce that diamond drill hole 96-39, the first hole in the Peak Zone has discovered an intensely altered porphyry intrusive mineralized with both chalcopyrite (copper) and molybdenite (Mo). The discovery confirms that the Peak Zone, the southern of three distinct zones identified within the Mac porphyry system is a second porphyry hosted copper/molybdenum deposit.

The distribution of mineralization within the Peak Zone appears to be similar to that encountered within the defined Camp Zone. Widespread alteration and mineralization was encountered within the volcanics in contact with the Peak Zone porphyry intrusive, and the mineralization continues into the heart of the intrusive. The Peak Zone, as defined by geophysics and geology, has a north/south length of greater than 1 kilometer, and an east/west width of greater than 500 meters. The tonnage potential of the Peak Zone is greater than the Camp Zone where diamond drilling to date has indicated a geological
resource of greater than 100 million tonnes.

The Mac porphyry system is greater than 3.5 kilometers long, and up to 2 kilometers wide. The discovery of a second porphyry hosted zone of mineralization is also significant as it confirms the potential within this large porphyry system to discover additional porphyry deposits. Several additional targets have been defined within the system, and these will be tested by drilling in due course.

Three additional holes are now planned within the Peak Zone. Following this, the drill will be moved to commence a comprehensive program within the east contact mineralization of the Camp Zone, where the highest grades of both copper and molybdenum mineralization have been defined by previous diamond drilling. Spokane will release assay results from ongoing diamond drilling when they are received and compiled.

On Behalf of the Board
Spokane Resources Ltd.
G. Arnold Armstrong, Chairman
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
36 Thanks Pierre, I dearly hope so, I have not been a very good investor, as yet,tMe-myself-I-6/8/1997
35 Patience Paul... Spokane will most likely see $ 2.00 or better within 12 monthPierre J. LeBel-6/7/1997
34 Anyone know what happened to this stock yesterday? It`s bid is at 0.36!!!! yikMe-myself-I-6/3/1997
33 Spoke with IR. They are preparing for a listing on the TSE, that's good newJohn Soileau-5/25/1997
32 Hi John. They might just be putting the results in with the rest of the analysiDoug McFaul-5/14/1997
31 Doug, is it an unusual delay that we don't have the Feb-March drill resultsJohn Soileau-5/13/1997
30 Hi Pierre, Sometimes I don't know what to think, I would just like SKN to Doug McFaul-5/13/1997
29 Hi Doug, I realize that you no longer work for Spokane still, you certainly haPierre J. LeBel-5/10/1997
28 Hi John, I know what you mean. All we know is that they are drilling and as thDoug McFaul-4/7/1997
27 To keep this thread alive.John Soileau-4/3/1997
26 Wish they had more and faster drill activity, but that's the way it is. ThJohn Soileau-3/3/1997
25 This is one lonely thread,huh? The resource estimate looks like a confirmation Laser-3/1/1997
24 Here's text of PR dated Feb. 26/97: A Geostatistical Resource Estimate forKen Hillcoff-2/26/1997
23 John, I'm still waiting for the new resource calculation. I sold my pLaser-2/11/1997
22 Thanks Leonard, I didn't know about this--although Doug McFaul (of Tandem CJohn Soileau-2/10/1997
21 John, You may already be aware of this but it looks like Spokane has a neLaser-2/10/1997
20 They Better!! That is the plan according to management.Doug McFaul-1/15/1997
19 Thanks Doug. Will they release the resource estimate to the public?John Soileau-1/13/1997
18 Spokane management has told us that they are inputting all the data from the drDoug McFaul-1/13/1997
17 Doug,have they started the 25 hole program yet? If so, when will results be annJohn Soileau-1/9/1997
16 The drill results announced from the east contact of the Camp Zone are good resDoug McFaul-12/18/1996
15 I take it the press release is bad news? Market seems to think so. How long wilJohn Soileau-12/17/1996
14 Actually John, the drilling has been shut down until January. What the company Doug McFaul-12/11/1996
13 Nice little 10% move today. Wonder how the drilling is going.John Soileau-12/10/1996
12 Hi John. The company did not put out the exact numbers from the 3 holes in the Doug McFaul-12/4/1996
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.