Poly-Pacific International Inc is providing the following corporate update.
Poly-Pacific is continuing its assessment of the McAdoo's Lane Landfill Site (McAdoo) located in Kingston, Ontario. Under the direction of Angus Ross, M.Sc., P.Eng, Poly-Pacific's Director of Engineering and XCG Consulting Ltd., an engineering firm from Kingston, Ontario, the Company has been granted an extension to the term of the agreement between The Corporation of the City of Kingston (City) and the Company to May 31, 2008.
The Company requested an extension to the agreement, entitled "Agreement to Access and Grant Rights to Fibre Resource", to allow for access to the site to continue with fibre resource assessment investigations through a drilling program. The proposed drilling program was described in the original project plan dated July 19, 2007 and is intended to supplement the information that has been obtained so far through the geophysical survey and test pit investigation at the project site.
At the request of the City, the Company will complete the work when the ground surface is frozen, to minimize damage to the ground surface by the drill rig. The extension of the agreement will allow the Company sufficient time to complete the feasibility study and return to the site during the spring of 2008 to complete the agreed restoration.
Randy Hayward, President, commented, "It is important to understand that the McAdoo project is one of the first in the world to reclaim nylon from a municipal landfill. The Company is striving to complete the investigation in a timely fashion to prove out the quality and quantity of nylon believed to be buried within the site.
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