U.S. REPORT (September 02, 1991)
Ongoing delineation drilling and engineering by USMX (NASDAQ) is reported to have nearly doubled minable gold reserves at the Yankee project, 65 miles northwest of Ely, Nev. With proven minable reserv…
News
BOOKS IN REVIEW (September 02, 1991)
Rocks and Minerals for the Collector: Sudbury to Winnipeg, by Ann Sabina. Published by Geological Survey of Canada. 601 Booth St. Ottawa K1A 0E8. This handy guide depicts the occurrences of minerals, …
Four projects account for half of Yukon exploration spending
About $14 million is being spent on mineral exploration in the Yukon this season, according to a mid-season forecast by the Yukon Chamber of Mines. “It’s another very quiet year,” said Rob McIntyre, t…
Jarvis plans marble mine
The mining of a 23-claim marble property 20 miles north of Sudbury, Ont., has been announced by Jarvis Resources (VSE) of Lively, Ont. The company said drilling, stripping and block removal have delin…
PEOPLE (September 02, 1991)
James Watt appointed president.
Correction (September 02, 1991)
The participation of Westfield Minerals and Whim Creek Consolidated in the WX syndicate (T.N.M., Aug. 26/91) was incorrectly reported by NovaGold Resources (TSE) in a press release. NovaGold has an op…
Beaufield, Aur set to drill
Drilling on the Mainstreet project in Louvicourt Twp. in northwestern Quebec will commence Sept. 3, property owner Beaufield Resources (TSE) announced. Project operator is Aur Resources (TSE), which h…
Grant money to aid research
Almost half of the $2 million in research grants awarded for 1991-92 under the Research Agreements Program of Energy, Mines and Resources Canada (EMR) is earmarked for projects related to mining and m…
Canadians respond to Mexican investment changes
Many major Canadian mining companies have opened offices in Mexico in response to a series of changes instituted by the Mexican government to make the mining industry more attractive to both foreign a…
Micham intersects gold mineralization in Switzerland
Results from a 2-hole diamond drilling program on International Micham’s (VSE) Disentis property in Switzerland have confirmed the presence of a wide gold zone. Hole 91-1 intersected 246 ft. averaging…
Saskatchewan to sell Potash warrants
The province of Saskatchewan has arranged to sell 7.3 million special warrants of Potash Corp. of Saskatchewan (TSE) at $18.75 per warrant. Subject to certain terms and conditions, each special warran…
View from the West (September 02, 1991)
Last month’s “View from the West” column (T.N.M., July 29/91) briefly illustrated the deplorable state of venture capital financings by comparing Vancouver Stock Exchange financings for the first six …