Adm Energy Regulatory News (ADME)

9 Jan 2007 07:00

Pan Pacific Aggregates PLC09 January 2007 Pan Pacific Aggregates Plc. January 9, 2007 Positive Drilling Results Support Full Quarry Permit Application in April. Pan Pacific Aggregates is pleased to announce results of diamond drilling fromits 2006 exploration campaign. Grades are weighted averages from initial assayresults and are subject to confirmation by Quality Assurance & Quality Controlcheck assaying. These initial results are consistent with the company's expectations and withCompetent Persons Report contained in the company's prospectus on admission toAIM. This drilling programme has also provided the detail for the working quarryarea designs required for the Environmental Certification and Large Producerpermit submissions, which will be lodged with the respective authorities duringMarch/April this year. Subject to the final confirmation and checks on assays, the indication is thatthere is sufficient quantity and quality of mineral for commercial quarrying inthe northern sector of the property producing both aggregate and chemical gradeproducts, as well as the potential for high purity filler grade calciumcarbonates. Drill holes 34, 35, 43, 38 and 39, drilled in the Bricka Zone area, cover acontinuous strike length of 1300m. These holes were drilled on an azimuth of270 degrees and at a dip of -45 degrees. Hole 38 was stopped in carbonaterocks. The package of carbonate rocks in this area is typically 250m thick andcontains sections of chemical grade limestone (CaO) and dolostone (MgO) thatappears to have good thickness and continuity from drill hole to drill hole.This suggests that although the bulk of the carbonate material is aggregate andcement grade there are sections that could be quarried for high purity products. A total of 1256 samples were prepared and sent for analysis. Results have nowbeen received for 1069 samples. QA/QC cross check samples and InductivelyCoupled Plasma spectrometry (metals) assays for selected samples will beanalyzed during January. All holes were core and samples were cut by diamond saw, shipped to AcmeAnalytical Laboratories Ltd. (ISO 9001:2000) in Vancouver, and analyzed byICP-emission spectrometry methods. Standards, duplicates and blanks wereinserted and included in the analysis. Cal Mark M.Sc., P.Geo. Is responsiblefor the exploration program and is a Qualified Person for the purposes ofNational Instrument 43-101, and the Guidance Note for Mining, Oil and GasCompanies issued by the London Stock Exchange in respect of AIM companies andhas approved this press release. Cal Mark has over 30 years of mineralexploration experience, and is a member in good standing with the Association ofProfessional Engineers and Geoscientists of British Columbia. William Voaden, Managing Director, commented, "I am very pleased with theseinitial results from our 2006 drilling campaign which are in line with ourexpectations. The company has refocused on our exploration and permittingobjectives during 2006 to achieve submissions of our permit applications inMarch/April this year. Significant progress has been made by all the team tomeet these demanding objectives and we will produce a further update to themarket once we have completed the confirmation and final assay checks." Hole 30 Carbonate zone 52.83m to 294.00m Containing 51.77 % CaO / 46.17m from 52.83m to 99.00m Containing 19.24 % MgO / 35.00m from 226.00m to 265.00m Hole 31 Carbonate zone 9.75m to 112.53m Containing 53.64 % CaO / 26.25m from 9.75m to 36.00m Hole 32 Carbonate zone 8.53m to 242.02m Containing 52.79 % CaO / 42.47m from 8.53m to 51.00m Containing 19.164 % MgO / 26.02 m from 216.00m to 242.02m Hole 32A Carbonate zone 24.21m to 45.11m Containing 53.55 % CaO / 20.90 m from 24.21m to 45.11m Hole 33 Carbonate zone 3.52m to 200.25m Containing 18.19 % MgO / 16.00m from 6.00m to 22.00.00m Containing 20.07 % MgO / 28.00m from 88.00m to 116.00m Hole 34 Carbonate zone 52.83m to 303.08m Containing 53.93 % CaO / 54.00 m from 129.00m to 183.00m Containing 18.30 % MgO / 12.00 m from 211.00m to 223.00m Hole 35 Carbonate zone 49.85m to 260.59m Containing 51.07 % CaO / 74.98m from 57.02m to 132.00m Containing 19.05 % MgO / 77.59 m from 83.00m to 260.59m Hole 36 Carbonate zone 9.00m to 110.00m No significant values Hole 37 Carbonate zone 46.13m to 306.63m (stopped in carbonates) Containing 53.55 % CaO / 94.34 m from 50.00m to 144.34m Containing 15.88 % MgO / 109.00 m from 182.00m to 291.00m Hole 38 Carbonate zone 30.94m to 301.28m (stopped in carbonates) Containing 55.49 % CaO / 21.56 m from 45.00m to 66.56m Containing 16.14 % MgO / 31.36 m from 112.64m to 144.00m Containing 20.69 MgO / 33.85 m from 218.15m to 252.00m Hole 39 Carbonate zone 111.88m to 139.70m Containing 48.45 % CaO / 27.82 m from 111.88m to 139.7m Hole 40 Carbonate zone 43.00m to 289.00m Containing 51.89 % CaO / 37.00 m from 51.00m to 88.00m Containing 15.73 % MgO / 33.00 m from 239.00m to 272.00m Hole 41 Carbonate zone 70.96m to 318.06m Containing 18.49 % MgO / 22.00 m from 73.00m to 95.00m Containing 17.69 % MgO / 48.00 m from 148.00m to 196.00m Containing 16.70 % MgO / 74.00 m from 240.00m to 314.00m Hole 42 Carbonate zone 13.44m to 152.00 and 343.74m to 444.53m assay report not yet available Hole 43 Carbonate zone 33.00m to 306.39m assay report not yet available Hole 44 Carbonate zone 12.24m to 96.73m assay report not yet available Hole 45 Carbonate zone 6.62m to 101.00m and 289.00m to 432.00m assay report not yet available Enquiries to: William Voaden, Managing Director 020 7628 3989 Louis Castro, Director Corporate Finance - Insinger de Beaufort 020 7190 7000 Donald Nicholson - Chairman +1 604 805 0716 This information is provided by RNS The company news service from the London Stock Exchange