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


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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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To: Laser who wrote (23)2/26/1997 8:43:00 PM
From: Ken Hillcoff
   of 36
 
Here's text of PR dated Feb. 26/97:

A Geostatistical Resource Estimate for the Mac Property has been completed by G.H. Giroux, P. Eng.
MaSc. of Giroux Consultants Ltd. The report confirms that at a cut off grade of 0.06 MoS2, the Indicated
Resource in the volcanics is 52,420,000 tonnes at an MoS2 equivalent of 0.14 MoS2 and the Inferred
Resource is 47,520,000 tonnes at an MoS2 equivalent of 0.12 MoS2 for a total of approximately 100
million tonnes Indicated and Inferred. Gross value of the resource at current market prices exceeds one
billion dollars Canadian.

On February 19, 1997, the Company commenced a new phase of diamond drilling of the Mac
Molybdenum/Copper deposit near Granisle, B.C. The planned 2,500 metre drill program will focus on
extending the higher grade intercepts of Molybdenum and Copper in the South East volcanics of the
Camp Zone.

The private placement announced December 23, 1996, has now been completed. A total of 365,000
Flow-Through Units were sold to six placees at a price of $0.75 per Unit, for total proceeds of $273,750.
The proceeds of the private placement are being utilized in the Drilling project currently underway.

ON BEHALF OF THE BOARD

SPOKANE RESOURCES LTD.

G. ARNOLD ARMSTRONG, CHAIRMAN

Anybody know what these numbers mean?

Ken

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To: Ken Hillcoff who wrote (24)3/1/1997 7:28:00 PM
From: Laser
   of 36
 
This is one lonely thread,huh?
The resource estimate looks like a confirmation of what was already
stated in the Dec. 16/96 release. There is no increase in the estimate
of 100m tonnes which the prior release stated they had the potential to expand upon. Keep in mind that this is an "indicated and infered"
estimate which is based on widely spaced drilling. Hopefully the current drill program on the Camp Zone will add to the indicated estimate.
Best of luck,

Leonard

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To: Laser who wrote (25)3/3/1997 9:09:00 PM
From: John Soileau
   of 36
 
Wish they had more and faster drill activity, but that's the way it
is. They need more long .20 Mg and .20 Cu holes in the Camp Zone, the last holes were a bit short of that.
They have an interesting deposit and a very sleepy stock...for now.

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To: Doug McFaul who wrote ()4/3/1997 3:10:00 PM
From: John Soileau
   of 36
 
To keep this thread alive.

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To: John Soileau who wrote (27)4/7/1997 12:29:00 PM
From: Doug McFaul
   of 36
 
Hi John,

I know what you mean. All we know is that they are drilling and as they usually did they do not say much and will probably wait to all the holes are done and the results are in.

We will wait and see. We like the property and believe it can develop into something good, but we have to just wait for the results.

Doug

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To: Doug McFaul who wrote (28)5/10/1997 11:48:00 AM
From: Pierre J. LeBel
   of 36
 
Hi Doug,

I realize that you no longer work for Spokane still, you certainly have a better understanding for what is happening with this stock than most of us.

We have seen a nice move on the upside (with very low volume) following the recent BUY recommendation by the 'Buy Low Sell High' newsletter from Kamloops, BC.

What do you think?

Is it the beginning of that long awaited move to $ 2.00 and above?

Have a very nice day.

Pierre

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To: Pierre J. LeBel who wrote (29)5/13/1997 10:21:00 AM
From: Doug McFaul
   of 36
 
Hi Pierre,

Sometimes I don't know what to think, I would just like SKN to get going like everyone else.

I understand the company is trying to get the price up a bit to complete a financing. The Company can not start drilling again until late June-early July due to spring break-up so they have a little time to complete the financing. They hope to have the reports from Fluor Daniel Wright and Fox Geological about the same time. We are still waiting to see the drill resutls from the holes they drilled in Feb-March. Once again, we will be patient a while longer to see if they can accomplish a few of these goals. Like you say hopefully, it is the beginning.

Doug

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To: Doug McFaul who wrote (30)5/13/1997 7:58:00 PM
From: John Soileau
   of 36
 
Doug, is it an unusual delay that we don't have the Feb-March drill
results? Or just a slow lab? Or do they have them but are just sitting on them (not a positive). I'd appreciate your opinion. Thanks John

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