TERRACG

E DAYCARE Centre supervisor Sandra Hoffman,

A

Surveys results of a visit by vandals sometime during the
evening of Jan. 8-9. Extensive damage was done.

Vandals trash
daycare centre

THEY KILLED the pet ham-
ster by spraying fire retardant
on it.

Then the vandals turned the
fire extinguisher on every toy
at the Terrace Daycare Centre
on Kalum 5t,

Centre supervisor Sandra
Hoffman said its the third
time the daycare centre has

: been broken into in the last

two months, but added the

~ centre had never been vandal-

ized before.

“This is a tolal disaster,’’
she said. ‘‘The police were
quite shocked at the amount
of damage that was done.”

The intruders broke in
through a window.

They emptied the fridge and
filing cabinet onto the floor
and poured glue on the files.

They poured gallons of
paint on the carpets.

“The kitchen was one big
pile of food,’’ Hoffman said.
““We couldn’t find the floor
or the phone. It was just com-
plete total chaos.”

So far they haven’t found
anything missing,

Hoffman’s guess is that the
thieves were frustrated when
they couldn’t find any money,
and went on a destructive
binge.

“There is no one that I can
think of that is personally out
to get us,”’ she added.

The non-profit daycare
centre has been operaling at
that location since 1978,

Hoffman says there have
been at least six break-ins
there in the past year.

Insurance paid for last
wecek’s cleanup. The centre
now plans to install an alarm
system.

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Offer Expiras February 28, 1995

IT’S STILL to carly to determine
what plans American Barrick has
for its Red Mountain gold proper-
ty near Stewart.

The company had put it and
three gold mines up to sale late
last year but found there were no
takers for Red Mountain and
three gold mines.

American Barrick was trying to
sell the properties as part of a cor-
porate strategy developed after
acquiring the propertics when it
bought Lac Minerals in the fall of
1994,

Lac, the former owner of Red
Mountain, had spent close to $20
million in exploration and devel-
‘opment work.

“Essentially with the move to
sell the properties since acquiring
them, we haven't focused on

what they mean Jong term to us,’’
said American Barrick spokes-
man Vince Borg of Red
Mountain and the other three
properties.

He added that it will take some
time for American Barrick to
determine how the properties will
fit into its operations in North
American and in Chile.

Failure to sell the properties
won't affect American Bartick’s
bottom line or cause it financial
problems by having lo come up
with money to pay for Lac’s pur-
chase, Borg added.

“The quality of our shares and
our liquidity is so strong,” he
continued.

Borg noted that American Bar-
rick had nearly (U.S,) $650 mil-
lion in the bank as of last fall.

The Terrace Standard, Wednesday, January 18, 1995 - A7

Stewart gold site
future still cloudy

Among those interested in Red
Mountain was Westmin Mines
which owns the Premier mine and
mill near Stewart.

Although it declined to make an
offer, Westmin says it's inter-
ested in milling the ore should an-
other company buy the property
and developit, |

Lac at one time estimated there
was enough ore at Red Mountain
to eventually produce 225,000
ounces of gald a year.

Its development work goes
back three years but other ven-
tures had taken a look at Red
Mountain prior to that.

American Barrick was particu-
larly interested. in selling Red
Mountain because of the distance
between the site. and its other
North American operations.

fel oes aa

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