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


To: The Fix who wrote (475)7/14/1998 1:14:00 AM
From: dean poets  Read Replies (1) | Respond to of 3198
 
I was hopeing somebody else would respond but here goes:
Management isn't concerned with falsely movely Zappa up to a couple bucks. They are expecting drill results to do this, and whether it's this drill program or the next couple, they appear confident that it's gonna happen.

Although Fixer, it wouldn't hurt my feelings if someone Hyped Zappa all the way up to $10 bucks a share!

Dean
PS At least Zappa's got something legitimate to HYPE!!!



To: The Fix who wrote (475)7/17/1998 12:13:00 AM
From: dean poets  Read Replies (1) | Respond to of 3198
 
Here's an article written by Robert Macalister of investorsfirst.com

ZAPPA RESOURCES ( ZPA ) On Vancouver, $ .25 per share. Zappa has several properties in Ecuador. Over the past year the company has outlined a gold resource of 1.1 million oz gold at 1g on the Mollopongo and Papa Grande properties. This is an open pit deposit, however it also has a sulfide content and would need to be treated. This deposit is adjacent to the shared Guadalupe concession with Ecuadorian Minerals and Ecuadorian's Gaby deposit. To date this whole area has a drill indicated resource of 4 million oz at a grade of 1g/t with good potential to double this number. This property needs gold above $350 per oz to make sense and the market currently gives this property little value.

Zappa's main property is the La Plata VMS deposit in Ecuador. Cambior signed a JV almost two years ago on this property to earn a 51% interest. At that time an open pit deposit of 244,000 tons remained on the property. Cambior carried out extensive geochem and trenching to the north in attempts find a large open pit VMS deposit. The drilling program that followed proved to be disappointing. All holes drilled to the North of the open pit returned non economic values. The two drill holes to South of the open pit returned very good results over 8m. At this point Cambior was still looking for that large tonnage minable deposit and continued to drill up and down dip from the high grade zone. Again the best results were obtained along strike to the south of the previous drilling. In fact hole 97-20 the southern most hole drilled to date intersected 16m of 11g Au, 79g Ag, 7.7% Cu, 2.9% Zn for an NSR of $143 U.S. per ton. This zone remains open at depth and to the south. A drill indicated resource including the open pit now stands at just under one million tons with a NSR of $100.00 U.S. per ton.

The upcoming drilling program by Cambior will be started no later than April 15. This time Cambior will be drilling on 50m spacing to outline this lense and test the southern extension. This lense would be mined by under ground methods if the lense can be expanded. Last years surface exploration lead to the staking of up to 15km along strike to the south. This year further exploration will be carried out over this area. Typically high grade lenses are under 3 million tons in size but can occur in clusters of two or three.

Zappa has 24.1 million shares fully diluted and Cambior has 6.4 million of these. Zappa has $150,000 with Cambior paying for this years drilling program. The company remains a BUY to $ .50 per share.

For more information phone the company at 1-800-888-7184