United Keno Hill, UKH, Toronto**** Opportunity Knocks! Message Board

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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: igor who wrote (1092)	11/14/1998 7:53:00 PM
From: Harry K	Read Replies (2) of 1348

I agree with Kaiser that shares are crossing to raise funds to continue low-level care & maintenance and perhaps a bit of "groping around". On Oct 13th, news came out that Expatriate Resources (EXR-V) paid UKH $35,000 cash for all of the interests it had in eleven properties located in the Yukon Territory. This purchase gave Expatriate 100% interest in two properties (97 claims) covering mineralization and favourable (?) stratigraphy adjacent to the Howards Pass zinc-lead-silver deposit, 30% interest in 88 claims hosting "Carlin-type" gold mineralization; 100% working interest (subject to a 2% NSR) in 44 claims covering a shale-hosted nickel occurence; and, 100% interest in seven properties (354 claims) which were under option to Expatriate and were explored this past summer as the NR Project. In the same news release by EXR, it was mentioned that the most significant development during the past summer was the discovery of emeralds on one of the company's Yukon properties. Information will be released after it is further assessed by an independent consultant. Anyways, it seems like UKH was "cleaning out" some properties which were too far removed from their current focus on their prime properties - and still largely speculative at this stage. Certainly, EXR stock as shown on canada-stockwatch certainly indicates this move hasn't inspired too much interest in the company. It may be that Keno may hobble along for a time yet in this fashion - one thing of note - the share price has stayed where it is - sensitive to silver prices - and whoever the buyer of their treasury shares (?)is, must have some longer-term view. Harry K.

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