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

To: Alan Whirlwind who wrote (3015)	7/21/2002 8:25:23 PM
From: gmweber	Read Replies (2) \| Respond to of 3198

Zappa to option Bell's Bryan Lake property Zappa Resources Ltd ZPA Shares issued 19,037,256 Jul 19 close $0.04 Fri 19 Jul 2002 News Release Also (BL) Mr. Albert Gerry of Zappa Resources reports Zappa Resources has entered into an understanding with another junior exploration company whereby Zappa can earn 50 per cent of the Bryan Lake property by issuing 200,000 shares, completing a private placement in the junior company, a $150,000 work program and property payments totalling $52,500 over a four-year term. The Bryan property is of interest because it contains common magnetic anomalies on its southern border with the Cleaver Lake property that correspond with new surface showings of gold and copper. Zappa has recently returned from a site visit and was encouraged with the physical surface geology. Independent assaying is being done for Zappa of the showing's grab samples. The property is in the Flin Flon mining camp of Manitoba and within 17 kilometres of the town's smelter. The joint venture agreement is subject to further due diligence and regulatory approval where required. Zappa has closed on its sale of the La Plata massive sulphide property in Ecuador as it previously announced for $200,000 (U.S.). Zappa has amended its agreement with International Minerals to convert its 2-per-cent royalty in the Ponce Enriquez gold camp also located in Ecuador to 125,000 shares of International Minerals common stock. These shares will be held for one year before becoming free and tradable. Both Ecuadorian transactions were given shareholder approval at Zappa's annual general meeting held June 5, 2002. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com