Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Exploratory Mining Companies getting ready to EXPLODE -- Ignore unavailable to you. Want to Upgrade?

To: rainman who wrote (89)	7/24/1998 8:58:00 PM
From: dean poets	Respond to of 99

Hi guys back in post #64 I mentioned a company called Zappa! They have come out with more excellent grades, and Cambior is expected to drill again by August 1/98. I will post the results and let you decide for yourselves if these results are good or what? Zappa Resources Ltd - Drilling to continue at La Plata Zappa Resources Ltd ZPA Shares issued 23,569,790 1998-07-21 close $0.17 Wednesday Jul 22 1998 Mr. Albert Gerry reports Drilling is to continue on Zappa's La Plata massive sulphide project in central Ecuador, as step-out hole 98-23 struck a rich intersection. Hole 98-23 drilled 50 metres south of hole 97-20 contained the following assays: LENGTH AU AG CU ZN PB (m) g/t g/t % % % Hole 98-23 From 388.2 to 398.0 metres 09.80 2.59 69.50 14.31 1.70 0.17 Or 388.02 to 401.00 metres 12.15 2.15 54.50 11.14 1.37 0.14 Hole 98-24 From 411.30 to 414.55 metres 3.35 2.47 53.50 00.19 4.80 1.00 And 423.20 to 428.00 metres 4.80 0.96 27.80 00.52 6.79 0.28 And 432.00 to 441.00 metres 9.00 1.34 25.80 00.36 3.88 0.43 Or 407.00 to 443.00 metres 36.00 1.19 22.50 00.38 2.46 0.29 Drill hole 98-25 went over the top of the anticline of the mineralized level. Its vertical extent was previously unknown. The three hole vertical fence drill program was designed to define the extent of the massive sulphide lens. Management considers the successful hole 98-23 as a key indication that the lens is dipping and open to the south. The next three holes will repeat the vertical fence by stepping out 50 metres south of hole 98-23. Drilling is to commence August 1. Cambior, the operator and optionor, has to date spent approximately $1.7-million of its required $2-million by November 1998, to earn 51 per cent of the La Plata project. At Zappa's option, Cambior can earn up to 56 per cent of the project by completing a bankable feasibility study. At Zappa's option, Zappa can be carried to full production by allowing Cambior to earn an additional 15 per cent or 71 per cent of the project. Since Zappa's last news release on La Plata (see Stockwatch dated June 10, 1998), the Ecuadorian government has indicated that south of Zappa's existing La Florida and Henri concessions, national park boundaries have been documented. This park is more than 2.5 kilometres from the discovery and the park does not hinder the development program. The park does, however, overlap Zappa's pending southern Campo Alegre and San Florencio concessions. Upon meeting with the secretary for the Ministry of Mines, the right to explore and mine underground in these concessions is being considered. Zappa's negotiation for the sale of Ponce Enriquez gold properties to Ecuadorian Minerals is proceeding and it is anticipated that Ecuadorian will complete its due diligence shortly. An extension has been granted until the end of August. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com