Pace TWELVE

Mine —

1,000 cu. ft. Compressor Capacity

2 — Wagon Drills

1 — 24-yard Shovel

1 — 1%-yard Shovel

1 — %-yard Motor Crane

6 — 24-ton Ore Trucks
Transport —

2 — Fibre Haul Vans

2 — Man Carriers

The investigation of the possible power site was discontinued, as the estimated costs

were considered to be too high.

Sales

The sale of spinning fibre remained steady throughout the year, and there was a
marked increase in the sale of asbestos cement fibres. A price increase of 5% on all grades
was made effective October Ist, 1957. It is anticipated that the volume of sales for the

coming year will remain at about the same level as the year under review.

Outside Exploration
Options were taken on three asbestos properties. The Clinton Creek and Caley
properties are in the Dawson area of the Yukon Territory, and the Letain property is located

southeast of Dease Lake in Northern British Columbia.

Work on the Clinton Creek property in preparation for the driving of two adits during

the winter months was under way at the year-end.

Acknowledgements

May I take this opportunity of thanking the Board of Directors for the support they
have given management throughout the year, and to acknowledge the loyal and efficient
services given the company by Mr. T. T. Tigert, Consulting Engineer, Mr. N. F. Murray,
General Superintendent at the mine, and Mr. N. Gritzuk, Manager of the Transport Division,

their staffs and employees.

Respectfully submitted,

J. D. CHRISTIAN,
General Manager.
CASSIAR ASBESTOS CORPORATION LIMITED.

Toronto, Canada,

December 17, 1957.

Casstar AsBestos CorPORATION LimiTED