A6 - The Terrace Standard, Wednesday, March 13, 1996 Would branch north from Terrace Mine wants $100m power line THE COMPANY that has a gold property near [skut up Hwy37 wants to build a 400km hydra line worth $100 million to the site, American Bullion says the line would’ run from the B.C, Hydro substation near the airport here and parallel an existing line that runs up the Nass Valley to Meziadin before striking out north to its Red Chris property. Company vice president Wayne Roberts; in town fast ° week lo explain the’ plan, said the line replaces. wo costs. American Bullion keeps 45 per cent of the project and resulting profits. The company has once controlled by Robert Hunter ‘aid Robert Dickson, twa well-known mineral devel- opers: and promoters responsible for a nuinber of significant plays in B.C, Roberts ‘said American Bullion sees ‘the Red- Chris properly ‘as the jumping olf point to greéaler’ profits for its sharcholders. Deose Love . + tsi ; : Red Chris RED-CHRIS PROPERTY wee Industrial Rood \ ob Ovinn + \e Kemess © Aargieip \ BRITISH Ly COLUMBIA ro — Highsoy PAAR AASB AA BAAS VVYV WEEKEND GETAWAY ¢ 5 PER ROOM/PER NIGHT (FRIDAY & SATURDAY, STANDARD SINGLE, DOUBLE OR TWIN) 1-800-663-8150 CREST HOTEL PRINCE RUPERT ATEN, AVAVETA, AVAVAVA AVAVAN VVVvy ware Roilwoy _ ror 1982 8.C. Roll Eviensian a Operating Ming a Mine Development Projecl + Airstrip ee Propoted Powerline Option A =< Propored Powerline Option C reevesExisting B.C. Hydro Transmission Lines \ ~ ml Klopoan \ , Those greater _ profits Uenodin previous options... — _ could come by selling the Nokes Hol One option to come. in compatiy’s shares outright. Woof Concentrate * from the cast where another’ «This ig 4 good asset and SEAPORT AX, JOOkm to Stewart %, teat . : . s mining company wants’ to 4 puod invesunenl,”’ said AK TERMINAL bring hydro to its properly. Roberts of Red Chris. Red Chris Powerline was rejected because «not enough power could be delivered. And the second option, to “We could go to Teck ‘first’ and say would you ratlicr have a 100. per cent ‘interest,’’ he said, STEAK & LOBSTER 6 02. Top Sirloin broiled to perfection, and a 4-5 oz. Lobster branch off from the existing py, provincial environ- power line that mins Up tO imental review takes into Meziadin, was rejected for consideration a number of the same reason. factors. before a | develop- Tail served with hot melted butter and your choice of baked. potate or rice and vegetables. Ses $19.95 “We found out though nent permit is granted. For a Limited Time Only through B.C. Hydro. that Under the assessment NEAR ISKUT, the Red Chris gold and copper property is the subject of a provin- Open 7 days a week. there would be no problem guidelines, a review com- Gial environmental review and a pre-feasibility study by its owners, American Bul- Lunch Mon. - Fri, 11:30 - 2:00 pm # Dinner 4:30 « 11:00 pm in gelling enough’ power jittee can recommend a lion. The company estimates it'll take more than $300 million to bring the project s ‘“y FOR RESERVATIONS CALL from the Skeena sub station yes, ano or call fora public onstream. One requirement is hydro power and American Bullion-wants to build a Sao” 838-1503 4402 LAKELSE AVENUE, TERRACE, B.C. here,” said Roberts. He estimated that half of the 400km Jength would be fo Meziadin. and. half. run- ning from Meziadin north to - the Red Chris property. American Bullion. last year began holding open houses in the norib as part of the provincial govern- men’s environmental “ap- proval process, _ Roberts also emphasized that the $100 million price tag is very tentative and was done without the benefit of a detailed enginecring and environmental assessment, The proposed mine: is. 18km southeast of Iskut vil- lage, making it one. of’ the closest mineral properties to. Awy37, The access road to the mine will be 12km and will branch of an. existing road connecting to Hwy37. ., American. .Bullion- last |. year said sit felt there was": tt enough gold and capper ore to develop a mine with a life span of 12 years, , “Now we're saying it could extend to 15. or 18 years,” said Roberts. American Bullion’s rough line to the praperty north from Terrace. hearing. : oe oe at : _— m ~ " a Me RUINS RE ord _ Terrace Shopping Centre - 4635 Lakelse Avenue Phone: 635-7261 e (Sauk PRIGES IM EFFECT: THURS., AA he ies | vr. aan. eA - SAT., MAR, 7 ° development cost last year . ve the rahiia lied? cuantities Als ies sara “er was $300 million with $50 We reserve the right io Himt quantifies, « Mele suppiles las a million of that-slated to pro- é. S ti ~ vide hydro power. — H . : Now, wih the hyo cx X DRUG MART. go : doubled, American Bullion ee 6 LIFE Mu. , is onec again comparing de- mye oy “em ee | VITAMIN E or velopment costs’ with ex- | 100's/500 mg : pected returns. i VITAMIN C : Roberts also said building | : a line paralleling the exist- . . : ing one to Meziadin is also ' When you volunteer important medical : complicated because ill information, the Healthwatch System and your i cross a number of native pharmacist can give you individualized service : lands including those within _ 7 and added peace of mind. , i the ee core lands The Hoallhweaich System called for in the recent at ays i ted the | recen ‘ can keep an up-to-date record of your ve a agreement in princi- | medical history Aséorted ; ; * identities potential problems such as 100 mL ! ‘‘We'll simply have to sit : es EAL f . ; m : down with thems and discuss conflicting medications or allergic reactions BENYLIN the situation,” said Roberts. * provides clear usage instructions and warns Ree American Bullion bought of possible side-effects. Lg PRODUCTS an 80 per cent interest in the Tali to our Pharmacist anoutl the: property from mining giant Healthwatch System icday! Teck Corporation in’ late i io) 5 ihe pan 1993. ORES tae ee Sous Its agreement calls for it to nai am fhe oe prepare a pre-fcasibility *Off our Reguiar Retail i report Which is then given to woe Teck. 5 That company has 90 days i to decide to increase ~ ils stake to 55 per cent by bee- oming the operator ol the *Offour project and by paying for all Regular subsequent development Retail ‘Off our BRT isis ppulr i iin aur Club card in TOYS wih, oe vo Bou yo fregrances eure 5 . Aner a ' - ~ eb etyon SEE OUR NEW SELECTION urechase: OF ete apn you reach $2004 HO USB WATS our GHEAT NEW SELECTION! 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