Asia Pacific Potash Corp. Commences 1996/97 Programs.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 4, 1996-- Asia Pacific Resources (VSE See DOS/VSE. VSE - Virtual Storage Extended , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). APQ APQ Accordo di Programma Quadro APQ Association des Paraplégiques du Québec APQ Association des Pathologistes du Québec APQ Art Pepper Quartet (jazz group) APQ Armaments Planning Questionnaire APQ Advanced Placement Question .) Asia Pacific Potash Corp. has commenced its 1996/97 drilling and seismic programs on its Udon Thani Potash Concession in northeast Thailand. The first eight drillholes, expected to be completed by December 20, will be focused on proving up the Udon u·don n. A thick Japanese noodle made with wheat flour, usually served in soup or broth. [Japanese, wheat noodle.] Field reserve, currently estimated to exceed one billion tonnes of sylvinite sylvinite: see potassium chloride. ore, so that final feasibility work can be completed on that resource. Those holes will be designed to confirm thickness, continuity and grade for this, the larger of the two deposits discovered to date. An additional 16 to 20 holes will be completed around the Udon deposit to examine the potential for expansion of the Udon field and to determine the boundaries of that deposit. In addition, a reconnaissance drilling program of 12 to 16 drillholes will be completed in the northeastern portion of the concession to examine untested areas of the concession. Asia Pacific is also in the process of finalizing the terms of reference Terms of reference allude to a mutual agreement under which a command, element, or unit exercises authority or undertakes specific missions or tasks relative to another command, element, or unit. Also called TORs. , and selecting engineering consultants, for the bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility studies for initial mines at both the Somboon and Udon fields. It is anticipated that feasibility contracts will be awarded shortly and that the studies should be completed by the Second Quarter of 1997. Management of Asia Pacific will be meeting with a number of parties that have expressed an interest in participating in the development of one or more potash mines on the Udon Thani potash concession. It is planned that these discussions, over the next several weeks and the results of the Udon field confirmation drilling program will lead to a finalization of Asia Pacific's comprehensive development plans prior to the completion of the bankable feasibility study. Gerald D. Wright President and C.E.O. -0- This News Release was prepared by the Board of Directors on behalf of Asia Pacific Resources Ltd. which is solely responsible for its contents. EDITOR'S NOTE: There is an "at" symbol after "info" in the E-mail address below. This symbol may not appear properly in some systems. CONTACT: Asia Pacific Resources Ltd. Gerald D. Wright, 604/681-8003 Fax: 604/662-3180 Internet: http://www.crewgroup.com E-mail: info@crewgroup.com |
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