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Gold/Mining/Energy : Zappa Resources ZPA vancouver
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To: Alan Whirlwind who wrote (3102)11/7/2002 1:25:16 PM
From: Alan Whirlwind   of 3198
 
bellresources.com

A New high-grade copper-gold zone was discovered on Bell's Cleaver Lake property in late 2001. The mineralization was discovered after a large pond had receded. The discovery coincides with a clearly defined "SPECTREM" proprietary airborne survey flown by Hudson Bay Mining and Smelting and also by the Company's ground magnetic/EM survey.

The discovery is exposed at the edge of the remaining swamp, over a width of seven metres and for a similar distance along strike before disappearing into the swamp. It assays 4% copper, 0.55-0.75g/t gold and trace zinc over its full width. The discovery has a similar signature to many of the mineral bodies in the Flin Flon camp.

The discovery is associated with a significant VLF-EM anomaly and a showing of copper mineralization in an outcrop 200 metres to the west. At this second locality the copper mineralization is also within a rhyolite unit. High grade copper and gold values are found in trenches excavated at this location and assayed 4% copper and 1.37-6.17 g/t gold.

Management's current view is that the extensive zone of copper-gold mineralization now visible on the Cleaver Lake property is the feeder zone to a massive sulphide deposit. There is extensive outcrop of previously unmapped breccia units in the area indicating a series of major volcanic events, with potential mineralising intervals. The geophysical targets which have been defined nearest to the feeder zone are prime exploration targets.
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