TR Tae a aE LE a MR

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Discreet Personalized

GOLDEN BEAR
SHINES AGAIN :

_ After fuirning | the:Golden Bear operation : around mn rae
. in 1991, North American Metals, 100% owner of the
Telegraph, Creek gold mine, says it will commit.$1.5
million to 1992 exploration programs to try to extend

‘the established content of the ore body. —

Golden Bear ran into difficulties in 1990 because, |

the. ‘company says, the original feasibility study

grossly underestimated both the mine development.
‘costs and the per-ton cost of gold extraction. It.

counterbalanced losses and raised operating capital

during 1990 by forward-selling of gold to Homestake

Minerals.

According’ to a ‘report in the March 2, 1992
Northern Miner, Golden Bear turned the corner in

the third quarter of last year, averaging 380 tons of
ore processed per day and cutting operating costs
from the $337US per ounce registered in the previ-
ous quarter to $225US.

' The mine, approximately 80km. northwest of
Telegraph Creek, is a seasonal open pit operation
that stockpiles ore for year-round milling, Current

proven and probable reserves put the life of the mine .
at about 3% years. ‘

Carmen of Carmen’ Ss Kitchen
has joined the staff of
_Kermodei Trading Co.

: and will welcome

all her old customers in their

_hew expanded kitchen section.

Fantasy||
Escorts

Service to your Home,
Office or Hotel

“WHERE

| ~ Helpful Attendant

are pleased to announce
they now offer a fast
- service for Terrace and
area. As.an introductory
Offer we offer a

oR} | 20% DISCOUNT.
voursa | |635-7177
| We guarantee fast and —

courteous service for all
'~ your delivery needs.

Phone: 635-5119

Richards

on Emerson!

LAUNDROMAT
- Bright & Clean

- New Washers —
‘and Dryers

- Bachelor Service |
|. - Soap - Pop - Etc.

_ - Drycleaning

3223 Emerson St. :
_ Terrace. ..

Monday to Friday
8:00 a.m. to 6:00 p.m.
| Saturday
8:30 a.m. to 5:30 p.m.

Terrace Review — April 16, 1992

S28 VOLE YPEMCET ES

53°