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   Gold/Mining/EnergySpokane (SKN.V) Discovers Second Zone!!


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To: John Soileau who wrote (13)12/11/1996 10:22:00 AM
From: Doug McFaul
   of 36
 
Actually John, the drilling has been shut down until January. What the company is waiting for right now is results back from the 10 holes drilled in the East contact of the Camp Zone. This area has always produced the highest of the high grade numbers and most of the holes drilled were in-fill holes so they should receive positive news. Depending upon how the company releases the results ie. 3, 4 or all 10 at once, we could see news fairly soon. Come January Spokane will start to drill another 25 holes.

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To: Doug McFaul who wrote (14)12/17/1996 1:38:00 PM
From: John Soileau
   of 36
 
I take it the press release is bad news? Market seems to think so.
How long will it take them to do a resource estimate incorporating the
new information?
Thanks.

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To: John Soileau who wrote (15)12/18/1996 10:26:00 AM
From: Doug McFaul
   of 36
 
The drill results announced from the east contact of the Camp Zone are good results. I don't think investors are paying too much attention to the market right now and don't care if the news is good or bad. The stock only traded 5,000 shares yesterday. All of the drill holes are being put into a 3-D simulation model and a reserve calculations should be available around mid January. This time of year is just a slow time, investors are either buying christmas presents or tax loss selling. Spokane continues to develop and expand the mineralization zones and that is the real important indication of a possible mine.
Happy Holidays.

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To: Doug McFaul who wrote ()1/9/1997 7:06:00 PM
From: John Soileau
   of 36
 
Doug,have they started the 25 hole program yet? If so, when will results be announced? Thanks, John

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To: John Soileau who wrote (17)1/13/1997 10:21:00 AM
From: Doug McFaul
   of 36
 
Spokane management has told us that they are inputting all the data from the drill holes to date into a 3-D model. From this model they expect to receive resource calculations for the Camp Zone. They need the results to analyze in order to determine where the next drill holes will go. As a result the drill will probably not start until Feb. some time. Doug

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To: Doug McFaul who wrote (18)1/13/1997 12:55:00 PM
From: John Soileau
   of 36
 
Thanks Doug. Will they release the resource estimate to the public?

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To: John Soileau who wrote (19)1/15/1997 6:08:00 PM
From: Doug McFaul
   of 36
 
They Better!! That is the plan according to management.

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To: John Soileau who wrote (19)2/10/1997 8:48:00 PM
From: Laser
   of 36
 
John,

You may already be aware of this but it looks like Spokane has
a new pr firm:

Spokane Resources Ltd - News Release

PR firm hired

Spokane Resources Ltd SKN Shares issued 17567720
1997-02-03 close $0.65
Tuesday Feb 4 1997 News Release

Mr G. Arnold Armstrong reports The company has retained Shavington Consultants of Vancouver to provide corporate relations services for the company. Shavington Consultants will receive a monthly fee of $4,000 together with expenses approved by the directors. Shavington Consultants will be responsible for ensuring that investment dealers, brokers and shareholders are kept fully informed of the company's progress on its Mac Molybdenum property and Voisey's Bay mineral properties. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

regards,
Leonard

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To: Laser who wrote (21)2/10/1997 10:12:00 PM
From: John Soileau
   of 36
 
Thanks Leonard, I didn't know about this--although Doug McFaul (of Tandem Capital)did say that their contract with Spokane is up at the end of February. The company remains fairly unknown, so maybe this is a positive development.

I'm just waiting for the resource estimate to come out, it will give a pretty good indication whether a mine is shaping up here. My gut feeling (and it is a strong one) is that the deposit will turn out to be economic. I've bought a fair amount of stock, down low, and don't mind holding this one for the longer term.

Any observations, or speculation about the resource calculation?

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To: John Soileau who wrote (22)2/11/1997 11:55:00 PM
From: Laser
   of 36
 
John,

I'm still waiting for the new resource calculation. I sold my position
late last fall, but am again interested in Spokane after seeing the new
pr contract. I'm not familiar with this firm but I believe some "new blood" will bring fresh ideas to the pr side of this stock. Stock price
has firm support at these levels and as the spring drill season
approaches, an announcement of the new program should bring renewed interest in SKN. If you've been patiently accumulating
these past months, you should be rewarded quite nicely. Guess
this is what they mean by " smart money " . :-)
Continued good luck,
Leonard

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