Zappa Resources ZPA vancouver Message Board

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Gold/Mining/Energy : Zappa Resources ZPA vancouver

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To: morrie who wrote (135)	11/3/1997 3:07:00 PM
From: dean poets	Read Replies (1) of 3198

Hi Maurie, Zappa doesn't have website yet, but hopefully after all the information released in next couple of weeks, we will have one! I strongly feel Zappa is going to see a dramatic upward movement in price in the next year! Here is the latest Buy recommendation by, "Robert Maccalister" of investorsfirst.com ZAPPA RESOURCES (ZPA) On Vancouver. Recommended April 1996 at $ .70 Interim high $ 1.25 current price $ .34 Rating ( BUY ) Do not pay more than $.50 per share. Initial target price $2.00 per share. Zappa has four main properties. The 49% La Plata, 50% Papa Grande, 100% Mollopongo and 49% Guadalupe concession. On October 10 Zappa announced that Cambior had completed the final two holes on the La Plata property. Cambior has moved its exploration focus to the south of this years drilling program and geochem and surface sampling have been completed over this area. Cambior exploration geologists have recommended a drill program for 1998 on the La Plata property. This proposal has gone to the Cambior board and the decision will be known by mid November. So far a high grade resource of close to one million tons has been outlined on the La Plata to date. This lens is open to the east, south and down dip. On the Papa Grande and Mollopongo properties a resource of 1.6 million oz gold at a grade of 1.1g has been delineated to date. This is based on over fifty holes being drilled to date. The potential to increase reserves is excellent. The down side to this deposit is that it is a sulfide deposit so capital costs look to be at least $150 million. Also the price of gold needs to be above $360 U.S. per oz to have a suitable ROI. When Ecuadorian's Gaby deposit and the shared Guadalupe concession with Zappa are put in as one property this whole area becomes a viable low grade open pit mine with a yearly production in excess of 250,000 oz gold per year for over 20 years. Zappa and Ecuadorian Minerals have had discussions with a major mining company to bring these properties into production. Look for a deal to be done so all these properties are rolled into one. Zappa has 24.1 million shares outstanding, and 27.7 million fully diluted. No debt and $300,000 cash. Cambior has 6.4 million shares of Zappa and warrants for 1.8 million more at $ .78 per share. These are included in the shares out standing and fully diluted. For more information contact Mr. Albert Gerry at 1 - 800 - 888 - 7184

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