Pace TEN Casstar Asspestos CorporaTION LimirEep
ee ee AS STARE ASBESTOSACOREORA TIONG UZLMILED

Mine

Some changes were incorporated in the design of the chute, and the first ore from
the Hill was moved to the mill on the 6th of July. To the end of the fiscal year 75,663
tons were mined, and a further 24,498 tons were mined in the Cirque Valley, making a
total production for the period of 100,161 tons.

The major development work consisted of the removal of waste from the hanging
wall to permit expansion of the working places on the Hill.

Aerial Tramway

The erection of the aerial tramway was started and 80% of the towers were placed.
Completion is scheduled for the fall of 1955.

Ore Reserves

No alterations have been made to the ore reserves calculations, which remain at
approximately 7,000,000 tons, which does not include the ore in the Cirque Valley referred
to below.

A total of 64,202 tons has been mined from seven benches in the Cirque Valley.
The working faces are located approximately 2,000 feet north of the northern limit of the
calculated ore reserves, and 600 feet below the highest point at which the ore outcrops.
The intervening area is largely covered with asbestos talus. Sufficient development work
has not been done to determine the extent of the ore in this area, but a very substantial
tonnage is indicated. Mining and development in this area is planned for the current year.

Construction

The main effort for the year was confined to the mill and tramline and to the com-
pletion of the work undertaken last year.

The power plant was enlarged to 1,400 horsepower by the installation of a fourth
unit. This will provide sufficient power to meet requirements for the foreseeable future.

The former manager’s residence was converted into a four bed hospital, complete
with X-ray and operating equipment, and a new residence has been built for the General
Superintendent.

A company assisted employee housing plan was instituted, and has proven very
successful, Fourteen homes have been erected under this program.

Sales

The Company’s output of asbestos fibre during the year has been completely sold,
and advance orders now in hand indicate a good demand for the Company’s products for
the current year.

' Roads

The Company, acting as agent for the British Columbia Government, made further
improvements to the road to Watson Lake. This road is now in good condition and is
suitable for semi-trailer movement.

RECENT DEVELOPMENTS

Mining operations were completed for the season on the 22nd of November. As of
the 30th of November there were 29,020 tons in the Dry Rock Storage Building, and 52,548