U.S. REPORT — Drilling starts at Golden Summit
A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project …
News
Casino, Williams Creek deposits potential Yukon copper mines
Two extremely different copper deposits in the Yukon stand a good chance of reaching the production stage in the next few years. Proponents of both the Casino copper-gold-molybdenum deposit and the Wi…
U.S. REPORT — USMX extends Yankee life
Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…
NEWS IN BRIEF (September 14, 1992)
TSA Explorations Ltd. (VSE) has changed its name to Boron Chemicals International Ltd. with no consolidation of capital. The transfer agent is Montreal Trust.
U.S. REPORT — Second phase of exploration set for Silver
A second-phase exploration program will begin this fall on the Silver Butte mine property in Oregon. The program will be carried out by Formosa Resources (VSE), mine operator, with funding provided by…
Exploration spending slows to trickle in B.C.
British Columbia exploration dollars are flowing into low-risk, conservative plays this year as investors try to shelter funds from frosty winds on the home front. Jack Patterson of the B.C. & Yukon C…
U.S. REPORT — Inter-Rock buys gold explorer
Following shareholder approval, Inter-Rock Oil has purchased a numbered Ontario company with a gold prospect in Nevada and has changed its name to Inter-Rock Gold. Management is currently trying to ra…
Sampling south of Lake Superior
A 3-company joint venture is exploring for diamonds in the Lake Superior region of the Michigan-Wisconsin area of the U.S. Owner of a 51% interest in the project is Ashton Mining of Australia. Ashton …
Diamonds mined in Russian north
As cold and inhospitable as the north of Russia may be, the area produces a significant amount of minerals, including diamonds from open pit operations lying on both sides of the Arctic Circle. It was…
STOCK MARKETS — Dia Met, Commonwealth gain on diamond
Both the Vancouver Stock Exchange resource and composite indices managed to reverse a general market downtrend during the week ended Sept. 8. The resource index gained almost 12 points to close at 562…
Diamonds being sought in Guyana
Diamonds were first uncovered in the South American country of Guyana in 1887 and, according to Golden Star Resources (TSE), are found in some of the same areas that are being mined for gold (although…
Discovery of Lac de Gras in N.W.T. a tale of dedication and
While some gold and base metal discoveries result from luck and serendipity, the recent diamond discovery by Dia Met Minerals (VSE) in the Lac de Gras region of the Northwest Territories is one that i…