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Gemstones
October 1999 by Guest Writer
![](http://www.icmj.com/userfiles/images/199910/TOC-gemstones.jpg)
Excerpted from USGS Mineral Industry Survey's 1998 Annual Review
Legislative and Regulatory Update
• Pombo to introduce ESA reform bill
• Utah addresses roadless areas
• Appeal by active duty soldier
NovaGold Resources Receives Lifeline
NovaGold Resources announced that it has struck a $60 million private placement deal with Electrum Strategic Resources and will use the cash to repay debt and fund exploration and development.
Cherry-Picking for Gold Nuggets
We have a location where nuggets over an ounce have been detected over the past twenty years. This location is a small hilltop on which an ancient river channel once flowed.
"No Gold Sales" Says Nevada Senator
Senator Richard Bryan (D-NV) is assuring gold producers in Nevada and around the world that Congress will block the Clinton administration's attempt to sell off international gold reserves to help some debt-laden poor countries.
Greenstone and Gold
![](http://www.icmj.com/userfiles/images/201309/TOC-Greenstone.jpg)
Legislative and Regulatory Update
• Nevada miners get reprieve
• Georgia Senate race may set the stage for mining regulations
• New Executive Order on critical minerals
• Interior Department makes adjustments to LWCF
Alaska to Target Rare-Earths
Alaska is in the midst of assessing its rare-earth resources, an effort pushed by Governor Sean Parnell, who sees them as another example of where the US is reliant on foreign sources to meet its needs.
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