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


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



To: morrie who wrote (135)11/6/1997 6:54:00 PM
From: dean poets  Read Replies (3) | Respond to of 3198
 
Hi guys, Morrie had previously asked about good drill results in the Past? I have put together a bit of info on the Laplata property.

LAPLATA PROPERTY

A company by the name of Compania Minera Toachi formerly mined the Laplata property from 1975 to 1981. Production amounted to 130,000 tonnes grading 3.6% Cu, 7.1% Zn, 4.1 g/t Au, 65.1 g/t Ag. Feasibilty reports by Metallgesellschaft in 1982 estimated 235,000 tonnes grading 4.4% Cu, 4.8% Zn, 3.9 g/t Au, 43.4 g/t Ag. This mine was reported closed due to the difficulties encountered under the former mining laws.
A couple of holes drilled prior to the closure of the mined discovered a potential new lense:
MT-22 intersected 41.2 m grading 6.9% Cu, 5.0% Zn, 3.8 g/t Au, 52.6 g/t Ag.
MT-26 drilled 18 meters south, intersected 18.4 meters grading ).8% Cu, 5.6% Zn, 5.1 g/t Au, and 44 g/t Ag.

Since Cambior has signed a joint venture aggreement with Zappa on the Laplata proerty the following results have been obtained:
96-01 hit 10m of 1.0% Cu, 5.1% Zn, 4.1 g/t Au, and 72.0 g/t Ag.
96-09 intersected 8.7m averaging 3.85% Cu, 12.0% Zn, 11.1 g/t Au, 93.0 g/t Ag, and 2.4% Lead.
97-12 hit 15.0m of 0.3% Cu, 4.1% Zn, 3.3 g/t Au, 43.0 g/t Ag, 0.6% Lead.
97-15 hit a shallow intercept of 1.8m but averaged 4.5% Cu, 2.1% Zn, 4.2 g/t Au, 52.5 g/t Ag.
97-16 hit 2.1m of 11.0% Cu, 3.8% Zn, 8.2 g/t Au, 95 g/t Ag.
97-17 hit 4.2m of 8.4% Cu, 4.2% Zn, 18.9 g/t Au, 119 g/t Ag, and .9% Lead.
From the indications I get, the tonnage is now at approximately 1,100,000 tons at about the same grades as above.

There are 2 more holes with assays pending in the next week or so! It appears our drill results are more than solid, but we still aren't getting the attention this property deserves! Cambior has also discovered another potential lense below the main lense they are drilling! Lenses are usually found in clusters.
We are currently awaiting a decision by Cambior as to whether they will carry on with a major drill program next year! Zappa doesn't have to pay any money for exploration as other companies are paying for the work! Comparing Crosslake minerals results with Zappa's results I personnaly think Zappa results are far superior!
It seems like only a matter of time before some promotional machine gets a hold of Zappa!

Dean
PS. I hope I haven't confused anybody, and I'd appreciate some feed back!



To: morrie who wrote (135)11/11/1997 6:22:00 PM
From: Bo Bob Brain  Read Replies (2) | Respond to of 3198
 
Morrie- have been doing quite a bit of
travelling lately and have been unable to provide adequate
information. Dean has been doing his homework and has been
the best source of info.

Visit the Cambior website:

cambior.com

Scroll down to "Financing". Cambior is deciding which properties
to continue exploring in 1998. Should exploration on La Plata be
put on hold, the stock price would probably tumble. We shall see.

More warrant info: 400,000 to directors exp. 5/27/02 @.60
40,000 to employees exp. 5/27/02 @ .60 150,000 to directors exp. 4/10/01 @ .60
200,000 to directors exp 11/21/01 @ .58
Over 100,000 @ .50 between 1/4/99 and 5/21/00
Source: Zappa consolidated interim financial statements second qtr.
ending 6/30/97,Unaudited and subject to change from that date until today.