Orca Sand & Gravel Ltd. Receives Mine Permit
August 5, 2005
Polaris Minerals Corporation (Polaris) announced today that the British Columbia Ministry of Energy, Mines and Petroleum Resources has issued the Mine Permit for its 6,000,000 tonne per year sand and gravel operation located near Port McNeill, Vancouver Island, which will be operated by Orca Sand & Gravel Ltd., a subsidiary company.
Commenting on the permit, the company's President & CEO, Marco Romero, said: "The receipt of the Mine Permit is very gratifying, it represents one of the most important steps in developing the Orca Sand & Gravel operation and follows from the receipt of the Environmental Assessment Certificate announced last month. Orca is one giant step closer to becoming one of the largest and most competitive quarries in Canada."
He continued: "We look forward to developing this very large and high quality sand and gravel resource following receipt of the remaining federal permits required, which we expect to have receive by the end of September. Construction is being targeted to begin early in 2006. This will enable shipments of construction aggregate to California, using CSL International's bulk carrier fleet, to commence by the beginning of 2007 serving major markets where local sources of quality materials continue to deplete rapidly."
Polaris Minerals Corporation, a privately owned Canadian company headquartered in Vancouver, B.C., together with its First Nation Partners, is developing construction aggregate resources on Vancouver Island, for bulk, marine transportation to major cities situated on the western seaboard of North America.
For further information, please contact:
Marco Romero, President & C.E.O.
Polaris Minerals Corporation
Tel: (604) 915 5000, Ext.101