‘STEWART MAYOR Andy Burton says he’s waiting for mére “details before” commenting on a sotential development of a gold rty near bis town. : owned by Barrick Gold Cor- ; poration, - but Royal Oak . Resources late last week an- ounced it has reached a deal to take over the property. “We've heard nothing yet. Un- I then, | can’t say much,”’ said ‘Burton late last week, _ The Barrick-Royal Oak deal is conditional upon the fatter doing $3 million worth of work on the. me feasibility Study prove positive ~ ahd a mine be developed, Barrick os duced, “fs “SRoyal Oak estimates $100 mil- j .. . lion will be needed to develop the site and that 180 jobs will be cre- ated. “The Red Mountain deal was-an- provincial government as part of a; $104 million compensation package involving the company’s Windy Craggy copper-gold prop- € property, Red Mountain, is ° will receive ; a royalty on gold pro- | nounced by Royal: Oak and the- stewart waiting for golden news Mining development slopped ‘there in 1993 when the arca was declared a park and compensation talks for loss of mineral revenue have been going On ever since, The . package’ provides ‘Royal Oak wilh $26 million in com- peasation for © losing © Windy _ Cragey..and $78:miltion to-help - - develop its Kemess copper-gold- silver property in ‘the, Toodoggone: area north of Smithers.» : Some of the money Will go to a power line connecting Kemess to a substation near Mackenzie and: some to build a road out to near 2 property over the next three Mackenzie. a unit price contract so the ac- oe years... : wus .... There’s no iminediate indica- tual cost would depend on con- “And. ‘should a ~ Royal Oak © tion if any of the $104 million ditions were encountered when package will be used by Royal Oak for Red Mountain. - Mines minister. Anne Edwards said she was happy with the deal, “There will be more thanS50- direct jobs resulting from this,’’ she said of the two developments. The provincial goverament will also car a toyalty from the Kemess property from its invest- ment, she added. Royal Oak recently packed u up its Vancouver head office and moved to Washington State, erty in the Tatshenshini provin- But Edwards expects it to open than the amount” council. cial park in the far northwestern an office again in B.C. sometime earmarked for it when. drawing . parl of BC. soon. | The Terrace Standard, Wednesday, August 23, 1995 - Ag EY Vai Leh was Water main, has been awarded ‘cae in at $364,832. However, Paving deal made THE CONTRACT for reconstruclion of Keith Ave. from the end of pavement west to Frank St, including installa- tion of storm drainage and a to Vic Froese Trucking Lid, Froese was the low bid at $303,552. The only other bid- der, Spring Creek Aggregates, ‘engincering ~ director’ Stew Christensen pointed out this is excavating began. Asked by councillor Ruth Hallock whether-that caution- ary note about. sub-surface s soil conditions --meant ‘‘goop’’, Christensen replicd, ‘‘There will be goop. How goopy the goop is. — that's the ques- tion.”? Adding in a small amount of non-contract work that will have te be done, the total estimate for the. project is $360,000, That is $23,000 less up this year’s budget, ZA =} BWV, Exhibition The Show of the North _FEATURES & ATTRACTIONS | » Equi-Follies ‘95 — Aug 25 & 26 7:00 p.m. - Rodeo Ring * Jethro P. Hogg ~ Located outside the Quonset Hail, Entertainment for the whole family. Songs & Skits. - Aire Jere — On Claude Dohler Stage. Check program for times. Comedian & Juggler. * Children’s Petting Zoo — Behind Commercial Mall. * Midnight Madness — ~ August: 24. All the rides: you want for only $20. 00. 8:00 p.m: - 12:00 a.m:. “Tickets available at. M.F. Wagner Booths - a Super, Natural North By west BRITISH COLUMBIA, caRADA For information Cail 847- 3816 or fax g47- 9826 Collect AIR MILES when you stay with HOLIDAY INNS World Wide! OFFICIAL AIR MILES™ SPONSOR | Are youcomingto fj | Prince George this weekend? S ay 7. aaq George St., Prince George, B.C. + 1-800- HOLIDAY * Subject to availability. w* Based on 2 children ealing | from our Kids Menu for a weekend stay. ’ Weekend Rate ; {per mant ith great ay Wi “SUNDAY. MONDAY: “TUESDAY.” WEDNESDAY”. THURSDAY 2 FRIDAY)". SATURDAY "| ) : : Terrace 747 a ; | : f Canadian Te ne a dr Kermod y Assaciation |e emmode | Terrace Peaks |, hisodaTybal jx tculn Soccer Friendship | Gymnastics race sea Terrace Search & Society Anti-Poverty Council “Terrace Flescue a ; ; Ter ace Big Brothers 6 _ 7 8 a 9 a [ 0 il 11 haisters 1 2 visa Parents Coalition _ Terrace | ; theatre vs Tatrace forthe Minor. Kermade - Terrace Peaks . Society J “_ Kinsman Club. Advancement Baseball). Friendship | Gythnasties "|<. Tenace~-: "Nigga bal 2 Terrace Skat of Education . nasnip py are : mB. in Terrace Association | Society Jo oe. : Gb 15° H6@-. 147 Bech ; ee 19." Poy Ca - A “the Royal oe areal forrac ® | Kermode Terrace - ~ Purple Paraplegic | Kisunkalun Sisemood Advancement Friendship Blueback .}° Tg : [ (Ed Hocke ; : u - Tarrage Nisga‘a Tibal’ |... ‘Snowmobile | nea | Associaton Society . Swim Club |; Anti-Poverty oun Teas “> Assodlation ; Cider of: ; 20 Terao 122 sae 23 Terace 24: Mes’ [ 25 Gaetan | 126. 26. ae. Terrace Minor | Kermode]. Swim Club — : - | Kinsman Club ‘Kinsman Club} Community Baseball | Friendship |——Shames Toes Nisge‘a Tribal “| “Terrace Skeling « a ane. | “Association 2 Society: Jay n » Anti-Pover ae ; ere : ee Up br ees Le ) clu ih Sat th Mpeg Ternage: 242 YPATe 28. 29 6 Bo" Smee [| Parents Coalition “| > Terrace . | ciety * for the Minor . Kisame: 2 = a : Awancement } ~ Baseball House =: Terrace peats| TTenace in Terraca ' Association ', Society f Gymnastics Ant Poverty’: poses Ps voy Sat. Afternoon Games| “Doors 11:30 a.m: ~~ Games 12:45 oe Evening Games. peers 4:30. p.m _., Games'6: 15° Thurs., Fri.,; Sat. Late. Night Games Doors 9:30 p.m. |; Games. 10: 001 ‘p. m. Family Bingo Every. Saturday Afternoon: Last Wednesday of the month Is DOUBLE.BINGO | T.V. MONITORS — _-SMOKE REMOVAL. | , AISEE. CONCESSION 4410 Legion, Terrace. , 635-2411" ‘SPINOPEDIC $3298 PRACTO-PEDIC $1.99» DELUXE $2792 «f BASIC QUALITY “sgge! 2 PIECE SET Porcrsr | L69% | *259% | *339% | *429% Piece ser |°199%| *299% | *359% | ‘499% | One of the largest selections anywhere! - From the - August 28 - to ao September 2 very basic to supreme luxury...ail at major savings! Furniture Warehousa, _