SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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


Previous 10 Next 10 
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

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


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.

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


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

Share RecommendKeepReplyMark as Last Read


To: John Soileau who wrote (31)5/14/1997 9:59:00 AM
From: Doug McFaul
   of 36
 
Hi John. They might just be putting the results in with the rest of the analysis they are waiting for from Fox Geological and Fluor Daniel Wright. If you call Spokane you may want to ask Lucy Godwin the in-house IR. I would not read too much into it. In the past, Spokane management hasn't really concerned themselves with the timing of the release of news whether good or bad. Next time I talk to them I will ask them as well.

Doug

Share RecommendKeepReplyMark as Last Read


To: Doug McFaul who wrote ()5/25/1997 10:59:00 PM
From: John Soileau
   of 36
 
Spoke with IR. They are preparing for a listing on the TSE, that's good news. Also, prefeasibility before too long, that should heat things up.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10