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

To: dean poets who wrote (2978)	5/22/2002 7:28:55 AM
From: Alan Whirlwind	Respond to of 3198

I told Gerry in January we'd be at $320 by spring and on to higher moves. He seemed to think the CB's would dump gold forever. He should remember this: with a rising POG, the CB's are hesitant top sell. This is an historical fact. My own gold exposure is almost nil. I have a little Midas Fund and some Clifton Mining. Zappa was supposed to be my spec gold stock.

To: dean poets who wrote (2978)	5/22/2002 7:10:41 PM
From: gmweber	Read Replies (1) \| Respond to of 3198

Somebody is mining in Ecuador. Int'l Minerals commences phase 3 on Rio Blanco International Minerals Corp IMZ Shares issued 65,836,899 May 22 close $1.57 Wed 22 May 2002 News Release Mr. Stephen Kay reports INTERNATIONAL MINERALS COMMENCES PHASE 3 DRILLING PROGRAM AT ... A phase 3 exploration program has commenced on International Minerals' (IMC) 100-per-cent-controlled Rio Blanco (formerly Beroen) epithermal gold/silver property in Ecuador. This program comprises approximately 4,000 metres of additional core drilling, 150 metres of underground exploration (tunnels/adits), metallurgical testwork and preliminary engineering studies, and is expected to be completed by the end of August. Assay results will be announced on a regular basis when all quality control check sample analyses have been received. The primary focus of the phase 3 program will be to expand and test the continuity of the high-grade gold mineralization in the Alejandra North zone and its northeast extension, and to test for the possibility of additional blind mineralization in the area, both along strike and at depth. IMC previously announced an in-house calculated inferred resource estimate of approximately 1.1 million gold ounces and 7.6 million silver ounces for the Alejandra and Dorada zones (see table below and news in Stockwatch on Nov. 14, 2000), with significant potential for additional mineralization along strike and at depth. IMC also completed a 30-metre-long exploration tunnel (adit) across the Alejandra zone that had average uncut grades of 22 grams per tonne (g/t) gold and 216 g/t silver from 66 samples, including 4.5 metres at 83 g/t gold and 1,060 g/t silver, and 1.2 metres at 87 g/t gold and 707 g/t silver. Individual assay values ranged from 0.3 to 159 g/t gold and nine to 1,450 g/t silver. Beroen project Inferred resources November, 2000 (All assays are uncut) Tonnes Au Ag Au Ag mil g/t g/t mil ozs mil ozs Alejandra (north and south) 4.69 5.3 40 0.795 6.05 Incl. Alejandra north (high grade) 1.66 10.9 81 0.578 4.29 Dorada (north and south) 2.33 3.7 21 0.277 1.54 ----- ---- -- ----- ---- Total 7.02 4.8 34 1.072 7.59 ===== ==== == ===== ==== (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com