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Gold/Mining/Energy : Zappa Resources
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To: gmweber who wrote (113)7/4/1997 7:26:00 PM
From: dean poets   of 174
 
Hi everybody! here's some of the latest information I have: Zappa has negotiated an extension on the property payment to July 25/97. The drill results from the PapaGrande are not being released for some unknown reason! Mr Gerry says that they aren't that spectactular, but then again none of the other results were astonishing either. I have a suspition Cambior doesn't want them released untill they make some more cheap aquisitions. There is also a strong reccomendation from Zappa's attorney to possibly sue Cambior, because they had a verbal agreement on the property payment. Ecuadorian Minerals and Cambior have a bunch of payments due near the end of July. Is this the reasoning for Cambior's delay? If they made the payment on the PapaGrande would they have to pay more for the Gaby Deposit?

I believe Cambior is on drill hole #3 on the Laplata, and apparently hole number 2 intersected a section similar to hole number 9 of the previous drill program, of which spectacular grades of Gold, Silver, Zinc, and Copper were found. With talks to my friend Robert Maccalister of Investor's First, he doesn't think Cambior is drilling in the right places! They seem to be checking the width of the mineralized structure, instead of measuring the length.

This current share price really bites the big one! At least the volume is minimal, showing in my opinion a false value.

Dean Poets
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