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Gold/Mining/Energy : Zappa Resources ZPA vancouver -- Ignore unavailable to you. Want to Upgrade?

To: dean poets who wrote (2945)	5/3/2002 1:19:48 PM
From: Alan Whirlwind	Respond to of 3198

Spot Gold is at $313! A close there and we have a fourth new monthly high for the year! It looks like a bull and it smells like a bull and it tastes like a bull and it feels like a bull! Hey, my Clifton Mining is perking up.

To: dean poets who wrote (2945)	5/3/2002 8:15:34 PM
From: gmweber	Read Replies (2) \| Respond to of 3198

Dean This will make your day!!! Zappa closes Ecuadorian office Zappa Resources Ltd ZPA Shares issued 19,037,256 May 3 close $0.06 Fri 3 May 2002 News Release Mr. Albert Gerry reports ZAPPA TO CLOSE ITS ECUADORIAN OFFICE Zappa Resources has made the decision to close its office in Quito Ecuador. The company has been trying to secure a joint venture partner for its La Plata property but to date has not been successful. Cambior Inc., which was Zappa's joint venture partner and strategic investor, withdrew from the project and sold its 55-per-cent interest to Zappa in June of 2001. Zappa considered having 100 per cent of the property back would make it easier to attract the interest of a prospective partner. The property remains an interesting target but has not created the interest of a future partner with exploration dollars. Zappa has, however, received an offer for La Plata from a local Ecuadorian mining company of $200,000 (U.S.) for the project. Subject to shareholder approval and regulatory approval, Zappa would accept this offer. Management is reviewing future deals and will inform its shareholders as soon as possible on which exploration venture is agreed upon. At the annual general meeting of shareholders to be held June 7, 2002, shareholders will be requested to approve consolidation on a 1:5 basis. Management has not yet decided to proceed with the consolidation and shareholder approval is being requested only if the consolidation is deemed necessary. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com