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


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To: John Soileau who wrote (5)11/4/1996 11:37:00 AM
From: Doug McFaul
   of 36
 
The news that was announced were good numbers. Yes the market dropped, but it was on about 40,000 shares traded and the price has rebounded some since. Obviously this was from people who were trading the stock regardless of what happened with the price. I am sure they were hoping for an increase. This is fine as this was the first 6 of 50 holes. The company is not concerned at all as they know it takes a bit of time to develop a property. At Tandem we feel that any weakness in the market is a buying opportunity and Spokane's Mac property still looks very promising.

The results on the Peak Zone and the East contact of the Camp Zone should be out before the end of the year and then another 25 holes will be drilled in early 1997. Hope this helps a bit.

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To: Doug McFaul who wrote (8)11/21/1996 7:24:00 AM
From: John Soileau
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Doug, are any of the East contact holes done yet? Results at the lab?
An idea of the timing of a release about this?
Thanks, John

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To: John Soileau who wrote (9)11/22/1996 10:29:00 AM
From: Doug McFaul
   of 36
 
Hi John: Spokane is currently drilling their eigth hole in the east contact of the Camp Zone. I believe the company is starting to get back some of the results from this area and we should see some numbers within the next few weeks. How soon we see results from the east contact depends on how many holes the company will release at one time. In the past, the east contact has produced the highest of the high grade numbers.

The analysis of the 3 holes drilled in the Peak Zone should be available any day. As soon as we have something, we will send it out. In addition, a write up on Spokane was mailed out in the Market Trend News this week. I understand they have 12,000 to 15,000 subscribers.

Doug

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To: Doug McFaul who wrote (10)12/3/1996 9:59:00 PM
From: John Soileau
   of 36
 
Hey, where are the results from the peak zone? Shouldn't they be out by now?

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To: John Soileau who wrote (11)12/4/1996 10:26:00 AM
From: Doug McFaul
   of 36
 
Hi John. The company did not put out the exact numbers from the 3 holes in the Peak when the put out the news release Nov. 25. They said in it that the holes were mineralized throughout with moly and copper. We have not seen the numbers either. Gordon keevil told us that they were low grade numbers and the company wanted to stress the fact that they were mineralized throughout, the area is huge and more work is required. I would suggest you call the company at 604-683-5411 and ask Gordon Keevil or Arnold Armstrong what the numbers were. Everything we know, you know. Keep in touch.

Doug

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To: Doug McFaul who wrote ()12/10/1996 9:41:00 PM
From: John Soileau
   of 36
 
Nice little 10% move today. Wonder how the drilling is going.

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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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