‘Castlegar News June 28, 1987 Explorations begin Cominco Resources has started exploration on 50 international mining propoerties following completion of its Canadian-European $40 million share, offering. A number of the properties are gold holdings Production of gold at the Buckhorn heap-leach operation in Nevada has exceaded the plan for the year to date; the P said in a prepared release. E. for new reserves on the property is being pushed “agressively,” Early drilling is planned at two other Nevada properties. On the Kinsley Mountain property, drilling last year located extensive mineralization averaging .06 oz gold/ton in the Main Zone. This zone and three others with ore grade mineralization will be rested by grid drilling beginning in July. On the Richmond property igfthe vicinity of the Carlin mine, drilling is planned to test a broad geochemical anomaly and gold values in surface outcrops. Work will begin later this summer to test a surface showing of .12 0 gold ower a width of 30 feet on the Moceasin property in Montana. At the Howie gold property in North Carolina work by Pacific Minesearch Ltd., Comineo's joint venture partner, has located two new gold zones and established greater continuity for the main zone. One hold located 4.5 metres of .22 07 gold/ton In Maticn dlarsend driteag Wer Beahd: widsiba oa” tur gold properties with exposed gold mineralization, In Peru mobilization is underway for an underground program to test the high-grade Cominco firms’ directors By CasNows Staff Cominco has appointed several directors and officers, to two newly-formed explor- and min- test other sh gs on silver-gold property. In Brazil an extensive gold geochemical anomaly has been outlined along strike from the 3.6-metre thick gold showing averaging .2 oz gold per ton located during the property examination late last year. Diamond drilling of the zone is planned shortly. Cominco will drill a gold prospect in Italy and carry out extensive gold property examinations in two other European countries. “The most exciting is the Sheep Creek property in Montana where recent intersections of conformable copper-cobalt mineralization, such as 3.6 per cent copper and .17 per cent cobalt over 82 metres, suggest orebody potential,” Cominco says. Surface diamond drilling is also Sco inched in the program to | this ely Fields plans 150 new stores In The Vancouver Province Fields Stores, a home-grown retail clothing chain that started in Vancouver 39 years ago, is planning to blanket Western Canada with 150 new stores within the next five years. President Richard Baker says the chain, a division of Zeller's Inc., will achieve this growth through a novel franchise program in which Fields retains most of the merchandising risk. “I'm determined to make this plan succeed,” he says. “It's in our best interest to make it work.” At the same time, says Baker, the down-scale August and, , it is sales of $100 million this year. That's up from | $86 million last year and $75 million the previous year. Baker, 53, who has been president since 1985 (he was previously regional vice-president of Western Canada for Zeller’s) describes the chain as “a family clothing store for people who are looking for and require exceptional value.” “We have regular buyers who look after basics and fashion merchandise, and | deal buyers’ who search the market for cl ts, 5 i and late arrivals.” He illustrates his point with some ladies’ fancy department store will undertake an r program to upgrade, existing stores. “Our decor package was so poor that our stores looked 10 years old the day after we opened them.” The expansion and renovation plans represent an abrupt change in digection for the chain, which was on the auction block a year ago. Fields was founded in 1948 by Vancouver entrepreneur Joe Segal, who eventually sold out to The Bay. The Bay, which owns. Zeller's Inc., announced last year that, because of financial difficulties, it would sell everything except its “core business.” However, after some intense negotiations with several unnamed prospective buyers, The Bay decided to retain Fields within its corporate fold. The chain currently has 99 stores — six in Saskatchewan, 35 in Alberta and 58 in B.C., including a store in Castlegar. Most are in rural areas and, for many small towns, represent the only department store in the vicinity Fields will open its 100th store in Edmonten in Pp that sports a $30 Bay price tag, but will soon be replaced by a $9.99 Fields’ tag. “Other department stores wanted to go upscale because that's where the profit margins were. But in my view they misread the market. The consumer wants value and we have been gearing up to fill that need.” Baker says a typical Fields’ franchise requires a $200,000 equity investment — $50,000 cash and $150,000 conventional bank financing. Fields will provide a “letter of comfort” to the bank — an informal assurance that it will not let the franchise go under. The franchisee will get a new-look store, which he leases from Fields, and a full range of inventory, which he gets on consignment from Fields. He is guaranteed a 27-per-cent gross profit on all sales, regardless of the sale price; Fields will absorb any losses involved in marking down the merchandise —a inuique aspect of the franchise program. Baker says franchsees can expect a minimum 35-per-cent return on their $50,000 investment, plus a base salary of $20,000. Stocks Bank of Montreal Commercial Banking Unit VANCOUVER (CP) Prices were down in active (rading Friday on the Van ¢ouver Stock Exchange Volume at the 25,925,446 shares Of the issues traded 394 advanced, 341 declined and 473 were unchanged for a WSE index of 1848.02 up 15.71 from Thursday's dose of 1232 31 Kamad Silver was the most active trader among equities, down .05 at .93 on 78,760 shares, Wescap nterprises dropped .05 at .65 on 182,000, Texas Nor thern Oil increaseds .10 at $1.55 on 152,000 and El Dorado remained at .10 on 146,000. Tundra Gold Mines gained .3/8 on $5 3/8 And Night Hawk Resources Rained .17 at $1.92 Leading development equities trading was New $ignet REsources, down 08 at .55 on 372,400 shares, Tungco Resourees increased .06 at $1.09 on 223,600, Noramex Minerals increased .11 at .97 on 165,400 and Riverton Re sources rose .01 at $1.01 on 146,500. Quintel Industry dropped .03 at .42 and Hill side Energy gained 0% ot close 29/87 Alaska Apollo D was the most active trader warrants, unchanged at 09 Help your carrier Your Castlegar News carner will be collecting for the paper during the next few days The job of your ca is made easier if he she doesnt hove make a second or even third call Please consider your carrier. He or she 1 an independent business person and they dont earn their profit’ until youve pad tor your paper. That s why they Il appreciate it if you're ready tor the first time they call 365-8950 WE ARE MOVING Mon., June Downtown 410 Columbia Ave. ation. pr companies in Canada and he U.S, George D. Tikkanen, pres- ident of the two companies, Cominco Resources Interna; tional Ltd. of Vancouver and Cominco American ces Inc. based in Spokane, Wash,, announced the ap- cer in a press re- her Cominco Resources International Ltd. the new board of directors is Tik- kanen, along with Robert E. Hallbauer, Geoffrey, Harden, Osear I. Johnson, Paul M. Kavanagh, Norman B. Keevil dr,, J. Douglas Little and Owen E. Owens. The company's officers in- clude Tikkanen as president, Geoffrey Harden as vice= president, Bryan’ Morris as treasurer, Bruce J. Partridge as secretary and Douglas V. Cominco files a prospectus Cominco Ltd. announced this week it is filing with securities regulatory author- ities in Canada a preliminary short-form prospectus for the issue of units, each consisting of one Deferred Retractable Redeemable Share and one Commodity-Indexed Com mon Share Purchase War- rant. The exercise price of the warrants is indexed to the average market prices of zinc and copper at the exercise date. Proceeds of the sale will be used to reduce Cominco's bank loans and other short- term borrowings. tal NWICK Commercial Banking Manoger GISELA TISCHLER Commercial Accounting Monoger INE POMPU Commercial Account Otlicer . KATIE PLOINIKOFF Steno PC Oper ot COMMERCIAL BANKING UNIT appoints Tingey as assistant secre- tenn will be across from: We FromG. &t. Forms. Grand Forks jow Building & Friday Fresh Strawberries $1 $1.00 Per Lb, Foor ath-0078 + pene Fireworks — Park, Dork Seturday, July 4 Ratt Roce — Entry Forms at Frophies $1500. Seturday, July 4 Wot end ld Cone Boy Scout Doha Tonk at the Pork — All Dey Ball Tourney Rott brent ahagiar Creek — 1 p. ‘tan Gar ray " a.m. Grooved Pole, Pork —4 Binge Pork 1Oa.m. Banty Crop Lottery — Pork, All Day — Legion, 9 p.m. to 1 a.m. Boy Scout Concession Display ond Wood Rattle — Park 3 p.m. SALMO DAYS July 1,485 fons lntoronetes (eee ber See) by panel 357-9686 ape hey male 7:30 9.0. . poe m, |. Registration 12 Marathon Motors, .m. at Porcupine Creek. Entry Fee $25. Prize Money ‘ancaké Breakfast Rink — 7:30 e.m. - 10a.m. wesion * Fireworks Dance to Nightshitts — NO Minors, Saturday, oe 9pm. to V.a.m. Legion Hall. Tickets at the Cottee Sunday, July 5 Rink — 7:30 o.m. Hot and Cold Concession -100.m. Dunk Tank — At the Pork, All Day Sa ati, liam Bavarian Garden, Park — 11. a.m. $1000.00 Lottery Park after Demo Bonty cs Sra Lottery — Park All Doy — tar te Aft pemaen (alg Run — Reg. 6 ‘mnie Soneeuniy Hall, Roce starts 9:30 @.m. in wae Fintah | in nthe Selma ark. Demo Derby: Prizes. Cash toto! payback plus Trophies. Registration 10 a.m. Starts 1! a.m. Entry Fee $50. Bovorion Gardens Food Concession. Information 357-2401 and 357- 9913. Adult $3.00. Child $1.00, 12 and under Sr. Cit.. $1.00. ’ June 28, 1967 81 FINANCIAL PLANNING G3 THAT MAKES YOUR MONEY WORK AS HARD AS YOU DO WINDING UP . . . CasNew's Tom Brodman takes careful aim at in-coming pitch during Castlegar Slo Pitch tournament. Tournament action wraps up today. ~ CosNews Photo by Ren Norman Labatts manages Hilton hammers away at Drayton By TERRY SCOTT MONTREAL (CP) — Matthew Hil- ton knocked down Buster Drayton in the first round and pounded his way to a unanimous, 15-round decision in the International Boxing Federation junior first Canadian fighter in 44 years to win a world title. It was last done by Jack Callura, a featherweight, in 1943. It was the 27th victory without a loss for Hilton. Drayton, 33, of Philadelphia, entered the ring with a 889-1 record. He won the IBF crown in April 1986 by beating Carlos Santos, and had successfully de- fended it twice. But Hilton served notice early that he meant business. The first round was barely past the minute mark when Hilton sent Drayton to the canvas with a right hook. Dray- ton looked dazed as he took a standing- eight count, his trademark grin mom- entarily replaced by a look of concern. In contrast to his usual style of wearing down opponents with wicked shots to the body, Hilton continued to direct his punches to the face of Drayton in the second round. If they hurt the champion, he didn't let on, as he flashed his white teeth at Hilton. While Hilton started to go more to some inroads with right-hand jabs, al- though his punches lacked the crisp- ness and fury of those delivered by the Canadian boxer. The middle rounds were a good example of the pattern the fight was taking: Drayton earned some points by jabbing away at Hilton's face, while the latter responded with some fine foot- work before battering the champion with a flurry of punches. By the ninth round, Hilton seemed to show the first signs of fatigue as Dray- ton used combinations to keep him at bay, but by the end of the round, Hilton recovered well with a series of right-left blows. In the 10th, Hilton was backed into the ropes, with Drayton flailing away at him, but he slipped out of trouble and continued his efforts to wear down his equally-tiring opponent. Hoping for a sudden knockout, Hil- ton swung wildly a few times in the 11th round, leaving himself open for some counter-punches by Drayton, but there wasn't much zip to them. Hilton enjoyed a much better round in the 12th, one of the few times when he dominated an entire round. The 13th became a slugfest between two gallant fighters, with Hilton doing the major part of the slugging, slam- ming punch after punch into the body of Drayton. He returned to his corner at the bell to a standing ovation. ~“ At the bell ending Round 14, Dray- ton put his arm around Hilton, thinking the fight was over. Perhaps he, too, was swept up by the emotion of a fur- ious three minutes when both fighters reached back for something extra. Girls provincials come to Castlegar By CasNews Staff Castlegar will be the host of the 1987 Bantam Intermediate Provincial Cham- pionship softball tournament July 3-5. Kootenay Softball has been ap- pointed the host of this years girls softball championship by Softball B.C. A total of 15 teams from across B.C. and 250 players will be making the treck to Castlegar for the cham- pionship. The players are between 15 and 16 years old. “I expect between 700 and 1,000 people. It’s going to be fairly good ball,” Kootenay Softball president Gordon Bos told the Castlegar News. ‘Teams from Colwood, Port Alberni, ish, Rich aA Sal. mon Arm, Grand Forks, Merrit, Prince George, Terrace, Maple Ridge, Tsaw- wassen, Campbell River, Surrey and the host team Castlegar will all take part. While most of the games will be played at Kinnaird Park, a few will be played at Kinsmen Park. A modified round robin will be held on July 3 and 4 while a four-team double knockout will be held on July 5. Bos said between 15 and 16 games a day will be played beginning at 9 a.m. on each day. CUSTOM DOZING Hope ¥ You Enj Salmo ys in Salm “the: Stone Capital of Canada" See Unique Stone Projects in the Salmo Area and at KOOTENAY STONE CENTRE 4 Miles South of Selmo THE THRIFT SHOP MARATHON MOTORS ® Greyhound Agent © Gas ® Diesel © Bodywork ® Mechanical Work 357-9441 HIPWELL REALTY “For beautiful rural property” 357-2141 See ovr Machine in Demonstration Saturday, July 4 at 3 p.m. BEAVER WOOD EATER® See a full logging truck load of logs cut & split! — Guess the processing time and win $200 in prizes! — Raffle Proceeds to the Salmo Ski Racers! — Cut and Split Firewood to the Guide- Scouts Organization! () WOODEATE! ; > Overwaitea Good luck Salmo on your annual July 1 celebration! PTrarees Joan's SALMO, B.C. Open 8 a.m. to 10 p.m. Koren ond Owen and stat invite You to visit Trapper John's during the Conoda Day celebrations in'gaimo Family dining at affordable prices with a varied luncheon and dinner menu. We Offer a Children's Menu! 357-2296 hard fought win By CasNews Staff Labatts handed Checkers Pub only its second loss of the season this week in Castlegar Men's Fastball League play — but it took 11 innings to do it. Frank Loukianoff singled home Pete Evdokimoff with the winning run with one out in the bottom of the 11th inning. The run gave Labatts a 4-3 win and dropped Checkers’ record to 13 wins, two losses and a tie. But the Pub team is still in first place with 27 points. Labatts has nine wins in 16 games for 18 points. Hi Arrow is third with six wins, six losses and a tie for 13 points, while K and A Tire has one win in 13 games for two points. Terry Halisheff of Hi Arrow con- tinues to lead the batting race with a -412 average. He has 14 hits in 34 at bats. The general consensus in football circles is that the Montreal Alou- ettes did the Canadian Football League a big favor by folding. For years now, the financially troubled Alouettes were a thorn in the CFL's side because the Quebec. based team was a consistent money loser. That meant that the CFL teams that did turn profits had to give some of the cash to the Alou ettes. It's all due to the CFL's gate equalization system. That means teams with below average gross gate receipts are given money from those teams which are above the average gross gate receipts. Only two clubs made a profit last year. The B.C. Lions made the most — $306,256 — and the Alouettes lost the most cash — about $4 million. Because of that, it’s only natural that the remaining eight CFL clubs are breathing a huge sigh of relief over the demise of the Alouettes. But everyone's being pretty diplo- matic about the whole thing. Team owners nad managers are saying in public that it’s a shame to have lost the Alouettes. “You never like to look on the news of a franchise folding as some- thing positive,” says Lion's presi- dent Chuck Walker. But you can bet Walker and other club presidents are jumping for joy, making like a bunch of Toyota car n Hi Arrow’s Ron Bartsoff is next with a .871 average on 13 hits in_35 plate appearances. Teammate Kelly Keraiff is third with 16 hits in 44 at bats for a -364 average. Checkers’ Eli Soukeroff leads all pitchers with 13 wins, two losses and a tie. Labatts’ Pete Evdokimoff has five wins in eight decisions. For complete statis Weekend Wrap-up, page B2. Meanwhile, in Labatts’ win over Checkers, Pete Evdokimoff picked up the victory on the mound, hurling a sparkling six-hitter while going the distance. Jim Nazaroff was the only Checkers player to get more than a single hit off Evdokimoff. Nazaroff went two for five. Soukeroff was tagged with the loss after coming on in relief of starter Terry Taranoff. They combined for an see the 11-hitter. Loukianoff, Bob Essaunce, Bill Tarasoff and Evdokimoff each had a pair of hits. Labatts led 3-0 heading into the top of the seventh inning after scoring single runs in each of the second, third and sixth innings. However, Checkers staged a come- back by tying the score in the last inning. In other action this week,Checkers regained their winning form Thursday night by dropping Hi Arrow 4-1. Souk- eroff got the win while George Plot- nikoff took the loss. Hi Arrow managed six hits and scored their lone run in the sixth inning. Checkers had only four hits, but made them count, scoring two runs in the fifth and adding two more in the sixth. Rattan salesmen after hearing of the Alou. ettes biting the dust. The main reason the Als folded was because they were not able to sell enough season tickets. They only managed to unload 4,000 seats. Montreal's Olympic stadium holds 58,643. I guess the other 54,643 people absent from the stands were thinking, “Why do we need to go and see the Alouettes play when we have the Expos to watch during the summer?” Well, I don't know about that? Baseball is nice to watch during the summer in Montreal. No doubt about that. If I lived there — or Toronto for that matter — I'd certainly be out on summer days to watch the Expos or Jays while enjoying a cool drink and a hot dog. But Td also love to have the chance to watch CFL action from the stands as well. Montreal and Toronto are the only two cities in Canada where you can have the best of both worlds. In Vancouver, the closest you can come to having the best of both worlds is by watching the Lions and the Pacific League Coast Canadians. While the Lions are great to watch live, the Canadians are not quite the same as the Expos or the Jays. Some are saying that the death of the Alouettes will ultimately lead to the death of the CFL. I really don’t think so. For one thing the league is now a lot healthier financially, not having to bail out the Alouettes anymore. There was some concern a couple of years ago that the Calgary Stampeders might fold due to a lack of money. That situation has certainly re- versed itself: Calgary was the only CFL team other than the Lions to make money last year. Ottawa and Regina are not as rich as they could be, but because of the CFL's gate equalization system, it is not likely that they will fold However, if one more CFL team does fold, then the future of the league will certainly be in jeopardy. Meanwhile, CFL officials continue to put on a brave face when talking about the demise of the Alouettes. “In the final analysis, it's like a death in the family,” CFL commis sioner Doug Mitchell told reporters when announcing the Alouettes had died. It may have been like a death in the family, but in this case, the de. ceased was the black sheep of the family. Navratilova, Evert lash out at gossip papers LONDON (AP) — Martina Navratilova and Chris Evert are angered by stories about them in the racy British tabloids. ‘The stories and the reaction are not new, but this time the two Americans and other top Wimbledon stars are making their feelings known. “There are two kinds of newspapers — newspapers and rag papers. The rags have been pretty low here this year,” said Navratilova. “The things they have said are outrageous - It should at least be realistic.” Navratilova, who is going for her sixth consecutive victory, often has been the focus of stories about her de. fection from Czechoslovakia to the United States, her admitted bisexuality and even her pets. Evert is unhappy with the way the tabloids have reported her romance with former Olympic downhill skier Andy Mills. Married to British tennis player John Lloyd for seven years until their divorce earlier this year, Evert said she no longer read the “gossip” papers. “I would rather not know what they're saying because I don't believe anything I read in those newspapers,” she said. Non-sports writers and photographers are the ones who have ruffled the most feathers as they try to get an edge for their papers in a market crowded with 10 national dailies. During a pre-Wimbledon tournament, Gabriela Sabatini of Argentina said she was considering legal action over a story, purported to be written by her, which suggested she was afraid of lesbian players. She ‘said she never made any of the comments attributed to her and the story had made her unpopular with the other players. When Boris Becker, the twotime Wimbledon singles champion, arrived, the tabloids emphasized his girlfriend had stayed behind in Monte Carlo. The split was interpreted as a sex ban imposed on the West German by Becker's coach. On Saturday, after Becker had been eliminated in the second round by unseeded Australian Peter Doohan, The Sun headlines screamed: Too Much Sex Beats Boris and Becker Bonked Out. The Sun has a daily circulation of about four million, the largest in Britain. German newspapers have hit out at the British tabloids, accusing them of “tasteless and insulting” coverage of Becker and Steffi Graf, who is also a West German. Another tabloid earlier in the week quoted Graf as saying she was upset by changes in the draw following the withdrawal of the No. 4 seed, Hana Mandlikova of Czechos lovakia. Internal politics may disrupt Seoul games y BARRY RENFREW SEOUL(AP)— 7 The South Korean government pledges to stage a successful 1988 Seoul Olympics — which its foes are calling the second Nazi Games. Many Koreans worry that the clash between government and opposition could endanger the Games, robbing the country of what-is seen as a huge triumph capping South Korea's “economic miracle”. The Olympics have become a political game, with the government and opposition each using them to justify their own positions. “If the nation should foresake its hard-won rights to host the world sports event due to civil unrest, the republic and its people would suffer a critical blow to its prestige,” the Korea Times said in a June 23 editorial. “In that event, Koreans would be doomed to lose face as a creditable nation in the world community.” Korean officials have said the Games will be held and will be a major success. International Olympic officials also are confident the Games will be held in Seoul, saying nothing short of war would halt them. But a growing number of cities have been offering to hold the Games, and many Koreans are worried The opposition has said the Games cannot be held if South Korea is not a democracy. leader Kim Young-Sam caused a national Opposition furore when he charged the government wants to use the Games in the same way Adolf Hitler tried to use the Olympics as a Nazi showcase. “If the Olympics are to be a self-advertisement for the government, and if the people are to be forced, by the use of government force, to participate, then our Olympics will be no more than a re-enactment of the Berlin Olympics of 1936 under the Nazis,” Kim said in a May speech. The opposition is demanding direct presidential elections and full political freedom in a country where displays of dissent are rarely tolerated and riot police stand guard on the streets. However, the opposition has not threatened to disrupt the games. Roh Tae-woo, head of the ruling Democratic Justice Party, who is the government candidate to succeed President Chun Doo-hwan when his seven-year term expires in February, has repeatedly said the Olympics must be safeguarded “This is transforming the international image of Korea, which used to be synonymous with war and poverty, thereby greatly enhancing our national prestige in the eyes of the world,” Roh said this month South Korean and American officials are worried about the possibility that communist North Korea will attempt to disrupt the Games. The United States, with 40,000 troops in South Korea under a mutual defence pact, has pledged to protect the Games against any threat from the North.