CASTLEGAR NEWS, Thursday, April 13, 1978 ‘ By GEORGE McBURNIE ‘(From a column which appeared in the Vancouver Sun business section April 1.) } HUSH, SPECULATORS, dnd snuggle up tightly around the fire, for tonight we bring fou the chilling yarn of The host of Norex Past. "According to legend that tias been handed down over the many weeks since the 1960s there lies in the Columbia Valley, just 12 kilometres south af Castlegar, a haunted ravine Which when unlocked will re- Yeal a fabulous deposit of Yranium worth billions and Killions of dollars. * It was not until 1968 when the first hardy gnomes from Howe Street reached the shad- ows of Ogo Pogo Peak, a land- mark with a steep drop of 300 metres to the base of the haunted ravine, where flow the waters of China Creek. The pioneers were carrying the flag of a penny ‘dreadful called Norex Uranium Ltd., forerun- ner of today's successful little N.W.T. silver producer Norex Resources of the Vancouver Stock Exchange. THE GNOMES QUIETLY went about their work gather- ing rocks and drilling holes, and when the assays on some of the samples came back they were to be a major mine in the Bancroft, Ont., area though development work in that area cost several millions to bring the property to fruition.” Oh, Ghost of Norex Past, how does such an unusual assay appear in the report of a professional engineer 10 years later? What horrifying powers do you possess from the haunt- ed ravine of Ogo Pogo? Read on and you shall see, the ghost wailed! “At least four holes were drilled to test some of the showings with unknown re- sults," Meyer's research for United Gunn discloses, And for details on the property, he says, one may check it out on Page 239 in the B.C, Depart- ment of Mines publication “Lode Metals in British Colum- bia—1968." OH, GHOST! DARE WE peek at the “unknown results” in the 1968 Lode Metals publi- cation! You must see it, the ghost wailed! Precisely, on Page-239: Ne systematic distribu- The Secret of the Haunted Ravine Chilling Uranium Saga: The Ghost of Norex Future] AERO TAXI uranium stock boom in all our history! Denison Mines at $80 a share and the magic words on everyone's lips “it's goin’ to $100,” Rio Algom at its all-time high of $40, and little Stanrock Uranium galloping to its his- toric high of $6.60 in 1969! What. an ebb! What an ebb, what an ebb... Slowly, speculators, the Ghost of Norex Past faded into the street and then suddenly from out of nowhere... - The Ghost: of Norex Fu- ture! Oh ghost! What next? COME WITH ME TO THE “office of Earl Glick, and you'll learn the secret of the haunted ravine, the ghost wailed! Magically, we were whisk- ed away to Toronto, and there we found him at his desk! Ear! Glick, one of the most masterful stock promoters of the times, who in partnership with Mur- ray Pezim back in the sixties was the talk of Howel China Creek? It's - just fengsue. Glick said. Three of s 1S d tio aad te drilling fatled to inter- sect any of the small surface showings.” Oh ghost! Please, no more! Read, you must suffer for your ive sins, the ghost Even today the best re- sults are still worshipped on Howe Street, and it was just a week ago that speculators received the latest review on them in a study by professional engineer Bill Meyer, done at + the command of newcomer- on-the-scene United Gunn Re- sources Ltd. : “Uranium mineralization in fe China Creek area has been kgown since the 1960s or edtlier where individual sam- plés ranging up to 1.9 per cent U$08 have been reported,” yer wrote. His research has pinpoint- ed the 1.9 per cent sample as coming from United Gunn's claims, which happen to the same ground first explored by No6rex. ; AND NOREX URANIUM jut walked away from some- thing sensational like that? ‘ “It was a funny thing,” said David Graham, president of today’s Norex Resources. “It wds before my time and I can only give you the story second had, but they were strange asgays.” ! "There were misplaced degimals and the values came out 10 times larger than they aclually were. It looked like there was a huge tonnage potential. But there was a lot of egg on the company's face, It came out five or 10 days later. The stock plunged. There was considerable embarrassment to everybody.” IT WAS NOT UNTIL Jan, 24, 1969 that the old Norex formally confessed to its share- holders, during the course of compulsory disclosure on past performance in order to do a rights offering. “Initial high assays of ore samples from this property later proved incorrect to the disappointment of all concern- ed,” Norex said. “However, the same type of formation proved Lookin’ wailed! ti BECAUSE OF PRICES IN the $4 to $8 range, interest in uranium at the time was “at a low ebb,” United Gunn's specu- lators are told, Oh, ghost! Take us back to 1967-68, peak of the greatest Larger Cuts Could Mean More Savings There is every indication that the price of beef will increase this, year. Buying of larger cuts could realize consumers food savings. If you are not interested in all the cuts of meat that come with a side or quarter of beef, or if your freezer storage space is inadequate, you might consider buying a wholesale cut. From the loin, you would get porterhouse, T-bone, wing and sirloin steaks, plus some ground and stewing meat. From a hip come rump roasts, round steaks or roasts, sirloin tip roast and some stewing and ground meat. A chuck will provide chuck, blade, short rib and cross’ rib pot roasts, plus ground and stewing meat. Study this purchase care- fully. If your family likes particular beef cuts, it may be more economical to watch for ‘advertised specials’ and take advantage of these. To help you, Agriculture Canada has put out a pi tion entitled “Beef Cut illustrates all the various cuts found in a carcass and, to help those who are buying in bulk, givesa chart with yields froma 300-pound Canada Al and B1 side of beef. Consumer Facts is a public service feature of the Castlegar News in co-operation with Super Valu Stores. Make your home more functional and attractive this summer with Dashwood “Tilt 200’ [t's a single hung unit you can Install in a matter of hours this weekend! Check the features: © Tilt Action © Easy Cleaning © Easy Installation And For Sun- decks try And for Sundecks try Decadex Weatherproofing © Lasts Longer walls, roofs, cedar siding, and more! Kootenay Building Supplies 365-5155 663 Columbia Ave. and Northwest Ventures) have formed a con- sortium and are putting up the exploration money, and four other little companies (Nevex, Nomad, Tandem and Golden Granite) are coming along on a “free” ride by putting their properties into the consortium. BUT EARL, THERE'S this new one called United Gunn, and some of your part- ners have the same engineer- ing... “It's got nothing to do with us because we didn't do that work, did we,” the old pro said. “Let me tell you what we've done, because I wouldn't trust anybody else’s ‘numbers, or figures, or thoughts, whether they came up with lows or highs.” Look at what his engineer did, Glick said. Manny Amen- dolagine, “my engineer” since 1967. Three visits to the valley. Twice the content of the other report. Assays documented. And he doesn't tell of “1.9 per cent samples” from the area, “We've never looked at this as having one or two per cent uraniim,” Glick said. {Even one per cent would be a phenomenal find, being 20 pounds of uranium per ton and selling currently at about $40 per pound.) “What we're think- ing of is a “Valley Copper of uranium” billions and billions of tons of ore with halfa pound per ton, That's about $20-$25 today and if you've got a $5'4-$6 cost of mining and milling, you can make an awful lot of money. We did a leaching test and got marvelous re- covery, which is a very cheap way of mining and milling.” But talk about being haunt- ed, the property has behaved very strangely! “We must have drilled 50 short holes last year and they were all disappointing, Glick said. “And yet when you ran the scintillometer over the ama things they would all “Now, THEY BELIEVE they've round the secret of the “missing” values. They've been digging pits seven to 10 metres deep and filling barrels of muck to be assayed, It all comes back showing roughly half a pound per ton. ‘Well, then, why aren't all the consortium stocks moving? “BECAUSE WE'RE NOT interested in creating a big speculative market on this,” Glick ‘said. “I don't want any pressure. I don’t need people phoning me and asking me questions like ‘what are you doing? Why isn’t there another hole? And all this. Who's paying the costs? We are! It’s not the old days any more.” Ah, the good old days! “It was a different game then,” Glick said. “We did a lot you can stil purchase a Pentax: Camera Complete with case and a 2-yeor warranty, all for under $250 PETTITT PHOTOS PETTITT-PHOTOS SOLOHd LLILL3d PETTITT PHOTOS SOLOHd LiLLid EARL GLICK *. .. billions of fonc’’ more than we did today. I would be able to gamble a lot more. Really, it was like a crap game. Ten years ago I'd have 25 drills on this property in dif- ferent places. There would be 80-40 companies working there, 24 hours a day. And there would be 10 million shares of volume on the stock exchange.” “Everybody would be ex- cited. But you know what comes of that. Some win and some lose. Now we don't do it as fast. We take our time and go slow, and instead of spend- ing a million over six months we'll spend quarter of million, and be much more careful.” AND IS THAT A BETTER system, Earl? “When you take a scatter gun and shoot it all over the place you've got a much better chance of coming up with some- thing,” Glick said. “But now everything is fooked upon in a different light, At one time people wanted the speculative market. Today it’s criminal, You can be a criminal without even trying.” “But it was a lot of fun, a lot of excitement. There was a lot of crookedness, a lot of desperate people who wanted to make a quick buck and run.” “WE TREATED IT AS A business, We figured if we could make three, four, or five per cent on the money we handled every year we did very , well. If we handled $2-$3 million ' and we made $150,000, it was a legitimate business. We never looked to grab all the money or steal anything.” : “Especially when Murray and I were partners, my God, we used to raise millions of dollars every year. We kept working, we tried, and we found alot of nice things.” HOW ABOUT YOUR partnership with: Murray Pe- zim, Earl? Why did you split? + Can we put the Howe Street gossipers to rest? “We never ‘spilt’, " Glick said. “I wanted to be the senior partner because I felt that I was more able to manage money than Murray was. He didn’t want that, and after 18 years he eventually decided that he'd like to manage the money. So he managed his money and I managed mine.” “We parted very quickly, we don't do anything together any more. We did a few things afterwards, but they just never . were really the same. Once the - divorce comes, you know, you don't very much like being married any more.” It's time to go, the Ghost of Norex Future said, Wait! One more question! Earl, the old Norex said it would take “millions” to de- velop that property. NO PROBLEM, GLICK laughed. “We're loaded, we're in terrific shape. I'd say we're making $2 million a year now. I think we've got a mine. I feel satisfied it's there.” And it’s worth billions, he said. Billions! Cancer Researchers Receive $1.1 Million British Columbia cancer researchers will receive $1.1 million in research awards this year, according to an announce- ment by the National Cancer Institute of Canada. In releasing details of the awards, the institute expressed. Two-Vehicle Accident Under Investigation Castlegar RCMP are in- vestigating a two-vehicle acci- dent which took place on Front Street Friday afternoon, Police say a 1977 GMC pickup driven by Stanley Bur- ton was making a left turn when a 1973 Chevy driven by Manuel. Jorge of Castlegar struck the Burton vehicle, causing an estimated damage to Burton's car and $350 to Jorge's. Police say there were no injuries. the appreciation of the scienti- fic community to the many thousands of volunteers of the Canadian Cancer Society, who raise most of these funds during their annual April cam- paign. Researchers at both the University of British Columbia and the British Columbia Can- cer Foundation received sub- stantial grants, An award of $294,000 was made to a new research group which has been established to investigate pes- sible relationships between en- vironmental factors and cancer, As the environment be- comes more complex, there is increasing -need to develop faster and more effective tests to determine whether certain environmental agents may cause cancer. Dr. Hans Stich heads the new group. The TRIUMF project, un- der the direction of Dr. Lloyd Skarsgard, will also receive $294,000 for its pre-clinical research on the beam at ‘TRIUMF. Fast — Courteous — Reliable Phone 365-5700 ~ KINNAIRD TRANSFER LT LA. (Tony) Geronazz0, Manager EXCAVATION — HAULING — BACKHOES CONCRETE GRAVEL — PIT RUN GRAVEL TOP SOIL — % CRUSHED ROAD GRAVEL DRAIN ROCK — MORTAR SAND PHONE 365-7124 UNION SHOP ILLEGAL SOIL REMOVAL FROM ALRs Under new amendments to the Soil Conservation Act, i Is illegal to remove soil from or place fill on fand in an Agricultural Land Reserve without a valid permit. Such permits are only issled by the local authority (Regional District ality) with the approval of the Provincial Agricultural Land Lommlssion. Without a permit, Persons are libel for prosecution and penalties as indicated under the Soil Conservation Act. In addition to an initial maximum fine of $2,000 under the Summary Convictions Act, fines up to $500 per day can be assessed for each day that the offence continues. Permits are not necessary for {ill and removal activities on the right- of-way of a highway or for agricultural or horticultural operations, Procedure to Obtain a Permit Obtain an application form from the local authority. Completed appii- cation forms should be forwarded by the local authority to the Pro- vincial Agricultural Land Commission, 4333 Ledger Avenue, Bur- naby, British Columbia V5G 373, for-approval. For more information, contact the Soils Branch, B.C. Ministry of Agriculture, 1873 Spall Road, Kelowna, B.C. VIY 4R2 (telephone 860-3588). Province of British Columbia Ministry of Agriculture Hon. James J. Hewitt Minister Pacific Western to maintain full service throughout labour dispute. Pacific Western Airlines asks you to please bear with us during the inconvenience of the current labour dispute. Be assured that we fully intend to continue operating our com- plete schedule of flights. {n order to facilitate check-in, passengers holding reser- vations are requested to pick up tickets from their local travel agent or the airport ticket counter as early as possible. Make sure you arrive for your flight with plenty ce time to spare during this very busy period. Should our reservations systems be overtaxed and you can't get through, go directly to the airport. We will do every- thing in our power to accommodate you. Every attempt will be made to assure on-time departures. Your co-operation during this difficult time is greatly appreciated. Thank you for flying Pacific Western. KISS: Testing is an integral part of school life. Tests take many. {forms for different purposes, ringing from classroom quizzes to school-wide ‘exams, + In the, last: while, the ministry of education has gone into testing.on a grand scale, Provincial ning Assess- ment Program (PLAP) testing, designed to create a provincial Picture of student achievement ” and. progress,‘has been con- ducted in’ reading, mathema- ties, social studies, and science. + The photos show students concentrating on the recent science test, ‘12 Million ‘U.S. Husbands ‘Take Beatings Two aithors who helped » Province Learning Assessment Program Deep in the Heart of Testing expose a wife-beating crisis in © the -U.S. now estimate that nearly one-fifth of America’s married women beat their hus- bands—but few of the humili- ated males would dare admit it, “It boils down to the fact that we have a serious problem in this country with domestic violence—not just wife-beat- ing,” said one of the writers, Richard Levy. “You've got to view this in terms of humanity, not sex.” . Levy and Roger Langley, authors of Wife Beating: -The Silent Crisis, said several new sociological studies, plus their own research, indicate there are 12 million battered hus- bands in the U.S.—nearly 20 per cent of the total. But in recent years wife- beating has been the focus of public attention—thanks to the work of feminist leaders. Many “crisis centres” for battered women have been-opened and legislation to protect battered wives has been introduced in the House of —Cobra Photo by Paul Medvedeit Sightings Recorded For 160 Years Fernie Facelift Backed By Devonian Funds ‘Following several months of uncertainty, the Devonian Foundation—backed beautifica- CASTLEGAR NEWS, Thursday, April 13, 1978 Queome Tax Preparations Monday to Friday: 9 a.m.-5p.m. Saturday: 10a.m.-1 p.m, Dlal 365-2416 for Information, or Special Appointment tion projects in Fernie appear to be bly The uncertainties cropped up when city treasurer Brian Woodward, who was not em- ployed by the city at the time of KOKANEE TAX SERVICE 270 Columbia Avenue, Castlegar its 50-50 funding with the foundation, examined documents and found what he considered to be some grey areas, Woodward pointed out that. there was no mention authorizing the city to sign the contracts with the foundation and that no work the’city would * ordinarily undertake, such as street and sidewalk construc- tion, could be construed as being in the city’s portion of the beautification plan. The city therefore found itself in the position of not - having the $35,000 it had -Pledged to the scheme under the formula of 60 cents from the city for every dollar from the foundation. .The latter grant was for $70,296. In recent weeks, Anne St. Arnault, of the city's main” street has met with Consumer Comment From Consumer and Corporate Affairs Canada , you can call any of the For the 160th year, the turkey buzzards re- turned to Hinckley, Ohio, on March 15. park ranger Bud City Berger reported two (of. the , beady-eyed birds roosting in a tree off a park road. Moments later, the Hinek- ley Chamber of Commerce, which has turned the event into “We don't mean to mini- mize the tremendous social problem inherent in wife-beat- ing,” Langley said. “However, our continuing study of social violence in America compels us to focus on the other side of the . coin, too.” ° Stamps Mark Bicentenary a tourist reported sighting “seven more birds circling over Ohio 303. Local lore says the buz- zards were first sighted in 1818 and have returned on every March 15 since. 4 without’ ute from anywhere in B.C. The numbers with “112” pre- fixes you can dial yourself; the others require operator assis- . tance. Better Business Bureau: 112- 800-663-3143, Information on _ the reputation ofa firm, accepts complaints about businesses which deal unfairly, operates an arbitration board for dryclean- ing disputes. Hi Canadian Home Insulation Pro- gram (CHIP): Collect calls may be placed to 514-341-1531. In- formation and application forms for this program which pro- vides a grant toward the cost of materials used to-insillate your home. Tenants in rented ac- Capt. Cook Honored Canada Post will honor one of the greatest explorers in Canadian history, Captain James Cook, with two stamps to be issued on April 26th. This year is the 200th anniversary of Cook’s third voyage and his explorations of Canada’s west coast. A total of 28.6 million of the two 14-cent stamps will be printed in a checkerboard pat- tern by Ashton-Potter Limited of Toronto. The stamps feature a portrait of Cook by Nathaniel Dance and a water-color of Nootka Sound by John Webber, an artist in Cook's crew. The Dance painting, on permanent display at the Na- _tional Maritime Museum, Lon: don, ‘was the last portrait of Gook before his death in the Hawaiian islands in 1779. Wil. liam Reuter prepared the de- signs and typography for both stamps. Sitti cial First Day Covers will bear an Ottawa cancella- tion, and Victoria, B.C. has been chosen for this stamp launch. may also apply. Enersave/Heatline: 112-800-. 267-9563. Advice on the ap- propriate types of insulation for various areas, free booklets on energy conservation. Canadian Life Insurance Asso- ciation: 112-800-261-8663. As- sists consumers with problems they cannot resolve with their insurance agent, supplies bro- chures, and answers questions about life insurance in general. Revenue Canada—Taxation: Tell the operator you wish to call “Zenith 04000". Information and assistance with income tax problems, free booklets on a Campaign to Promote B.C. Alcohol Centres A province-wide adverti- sing campaign to promote pro- vincially-funded alcoholism We're eyisg it it on the line . Cushioned. No war. orange: ‘ 20 Re 313.95 sq. yd. leg: $20.87 sq. yd. et $i Re $125 saya, installed $15 Sq. yd. Installed .. treatment centres throughout British Columbia began April 3rd, reports the Alochol and . Drug Commission, ministry of health. Chairman of the Alcohol and Drug Commission, Bert Hoskin; said that the $200,000 advertising . campaign would inform British Columbians about the many alcoholism treatment services located throughout the province. The advertising campaign will take the form of radio commercials, “Many. citizens are pres- ently unaware that the Alcohol and Drug Commission helps to fund over 60, treatment agen- cies across the province staffed by dedicated workers anxious to help people with an aleohol problem,” Hoskin said. “In = recent gallup poll leted in B.C.; some of the Alfie's Quality Building Products 636 - 6th Ave., S.- Carpet & Linoleum Installations 365-7795 or 365-2570 PACIFIC WESTERN AIRLINES Treat yourself... to implications were quite reveal- ing. Less than 28 per cent of the people interviewed were aware of professional treatment ser- vices,” he added. beautiful hair ~~. Distinctive Styling for Today’s People We Sell & Use VIDAL SASSOON roducts: We Are Open Monday — Saturday 8:30 a.m. - 4:30 p.m. Thurs. to 8:30 p.m. 7 Pine St. - “The Hair At nex’’ 365-3744 number of tax issues, including RRSP's and RHOSP's. Business Line: Ask ating or planning to open a business. Information on gov- ernment sources of the operator for “Zenith 03200", Referral service for those oper- financing, advice on business organization. the city treasurer and with city counci}. She told council three weeks ago that her committee was prepared to go ahead with the project, using only Devo- nian funds, if this was neces- sary. : Council, however, has since stated that it will find the $35,000 in order to keep the plan operational. Attention Men & Boys! For All Seasons it’s z Boys & Bonnett’ S sens wear ~ 365-6761 Remember 10% OFF for: Cash tdaho's Most Beautiful Lakefront Resort Got away from It all... «+ You owe It to yourself! |Edgewater’ Lodge Box 1288 Senso idaho 83804 (208) 263-: CASTLEGAR 365-3347 - CASTLEAIRD PLAZA TRAIL 368-5222 1555 - 2ND AVENUE _ BAST TRAIL % Commission Now on an EXCLUSIVE _ residential listing of - your home. 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