Small northern gold mine
gears up for spring start

A SMALL gold mine near the
junction of Hwy37 and the road
into Cassiar should be in opera-
tion by next spring.
. Work has already started on
reviving the Erickson gold mine,
mothballed since 1989,

The operation is being run by
Cusac Industries Ltd., owned by

~~ Guilford Brett who staked the

area in the 1950s and 1960s.

- Cusac opened a mine on the site

in 1978 and went into partnership
_ with Erickson in the mid-1980s,

This latest venture comes after

Cusac bought out Erickson and

secured financing, Brett ex-

plained recently,
“We were able tu buy the as-
_ sels at a very reasonable cost. We
have a near new 300 tonne per
. day’ mill, all the development

work and 12 miles of road..It’s a
fully permitted mine,”’ said Brett.
The: money for the purchase,
$2.6 million, came from Switzer-
land. ;

“We can now bring the mine
back into production. We own it
all,” said Brett. —

‘He added that the 1989 closure
was not caused by poor ore or
prices but by a corporate Erick-
- son decision to get out of the
mining business.

‘When Cusac owned 35 per-

cent of the mine, the net profit, in

ihe years 1985 to 1987 was $6.8
million,’’ said Brett.

He said the purchase comes
with an estimated $5 million
spent by Erickson on develop-
ment work in the mine’s latter
years.

And Brett belicves there is a net

_ profit of $4 million sitting in the

ground from reserves already taid
out.

A. crew is already on the site
setting up a winterized camp so
work can progress foward a
March 1994 resumption of mill-

ing.

At full production Breit says the
crew of underground miners and
millers will average 30 people.
He plans on running two un-
derground shifis.

“We've got applications by the
hundreds. There’s no shortage of
good, qualificd people,” said

_ Brett.
“The operation isn’t a fly in-fly

out camp, added Brett, because
‘the mine is just off of Hwy37.

“Tf guys. want to work, they
Must ‘be prepared to stay in
camp,’’ he said. ‘“They can go to
Dease (Lake) for the weekend

Condos eyed -

A VICTORIA developer wants to
build up to 44 condominium units
ona piece of vacant land in the
24800 Block of Lazelle Ave.

The proposal by Harriet
Builders Ltd. would see at least
38 units constructed in what
Surinder Mann, the builder for
Harriet, calls affordable and
needed housing.

‘The developer also wants to put
in underground parking for the
three-storey building but the cost,
estimated at» $460,000, means
more units would have to be built
to pay for the feature, said Mann.

-Harrict’s proposal now rests

with the city’s. planning com-
milles becausé' -the developer
wants a variance to sctback
regulations. |

The problem, said Mann, is that
the building’s placement on the
property wouldn’t be compatible
with the neighbouring.
Woodgreen complex if existing

selback requirements were fol-

lowed.

And cxisling setbacks would
cancel plans for underground

parking, he added.

“All we want to do is shift the
building over. We don’t want it to
be too crowded,’’ Mann said.

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The Terrace Standard, Wednesday, October 27, 1993 - A13

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and we will be closed for a
couple of weeks at Christmas.
This is not an isolated site.’”

But Brett did say the level of
services in the arca has dropped
with the closure of Cassiar.

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