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

To: dean poets who wrote (231)	1/23/1998 1:00:00 PM
From: morrie	Respond to of 3198

HI DEAN AND ALL! ! SEE YOUR STILL DOING YOUR HOMEWORK, GREAT POST. Thought you would like to see this. Encouraging report from CANACORD CAPITAL. Subject: Canaccord Capital Morning Coffee Date: January 23, 1998 ZAPPA RESOURCES ("ZPA-V") - Ecuador - La Plata Drill Results drill results for holes #20, 21 and 22 as received from Cambior, the operator, which has the option to earn a 51% interest in the La Plata project. Hole #20 intersected 16.0 metres of 11.0 g Au/t, 79 g Ag/t, 7.7% Cu, 2.9% Zn, 0.3% Pb. This hole is located 70 metres south of hole #9 which ran 8.7 metres of 11.1 g Au/t, 112 g/Ag/t, 3.8% Cu, 12.0% Zn, 2.4% Pb. Six other holes north of hole #9 also intersected the same massive sulphide horizon. Hole #21 intersected three individual lenses within two mineralized horizons of massive sulphides on a section 70 metres north of hole #20 and at 40 and 100 metres higher elevation respectively. Hole #22 intersected semi-massive sulphide lenses on the same section as #20 but at 50 metres. In summary, Hole 21 and #20 changed our understand of the geology and emphasized the fact that high grade gold and base metals mineralization is present within multiple zones and will need to be drill tested on a tight spacing. MC - Excellent grades but Cambior controls the co. with 32% ownership of the shares. morrie