While activity in base
metals mining remains ina
slump due to low com-
modity prices, the North-
west is experiencing a
minor boom in explora-
tion and extraction of
precious metals.

During 1986 a host of
gold mining projects went
into high gear. North
American Metals is work-
ing the Golden Bear prop-

erty west of Dease Lake,
Newhawk gold is in an in-
tensive exploration stage
in the Sulpherets north of
Stewart, abandoned mines
are being reworked with
modern technology at
Surf Inlet and on Banks

‘Island, and other ventures

are being drawn to the
northern reaches of the
Coast Mountains by the
lure of potential wealth.

Westmin Resources

Ltd., an exploration and-

development company
with mineral holdings
throughout North
America, recently filed a
prospectus with the B.C.
Mine Development Steer-
ing Committee to develop
an abandoned gold and
silver property 15
kilometers north of
Stewart. The company has

been exploring the area’
since [979, and pre-
liminary results indicate
reserves of nearly nine
million tons of ore grading
an average 2.29 grams of
gold per ton and 67, 87
grams of silver,

The two properties be-
ing examined are Silbak
Premier and Big Missouri,
and an executive summary
of the prospectus sent to

ihe,

Terrace Review — Wednesday, December 31, 1986 3

‘the Kitimat-Stikine
Regional District ex-
presses the intent. to
develop both properties
simultaneously using open
pit methods. Westmin
‘estimates the project will
create 120 direct full time
jobs for an unspecified
‘period of time.

The company is present-
ly involved in environmen-
tal impact assessment

‘Gold discoveries continue in “Northwest

_ studies. |
Further © north ‘of
Stewart at Newhawk Gold

Mines’ Sulphurets proper-
ty, plans have been laid.to
establish a permanent
winter.camp early in 1987.
A -recent statement by
Newhawk. president
Donald: McLeod indicates
spectacular results from:a
new 17-meter crosscut on

. continued on page 7

All you have to doi is travel between’
ere elge. January 24 and March 11,1987.
Because Pacific Western is Pacific Western Airlines Bur hurry! At these great prices _ .

offering exceptional savings to new alliance with seats won't last long. ©

many of our destinations in . ne . . Lo Le ~
Canada. And our friends at Canadian Pacific Air Lines se mo
Canadian Pacific are offering big
savings to additional points too.
So you truly get-a great choice
of flights to a great choice of
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Celebrate

It all adds up to oné terrific travel
bargain for Canada.

Reservations must be made 21 days prior |
to travel ¢ Minimum stay. one Saturday night oa
* Maximum stay 30 days © Seats limited on
some flights ¢ Fares subject to change and
government approval © Transportation tax not
included ® Other conditions do apply...

and save

5%
_—e | O
- | . .. Round trip fare from Terrace... :-.-

ered

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