CANADA: New Gold in the Yukon

In the vast northern "Tomorrow Country" (TIME, Aug. 3), the 1,500,000-sq.-mi. Yukon and Northwest Territories, a happy discovery served notice on Canada that tomorrow is coming sooner than it thinks. On black-fly-infested tundra 175 miles above Dawson City, Chance No. 1, the first gas-oil well in Canada near the Arctic Circle, blew in with a roar. The discovery was made by Western Minerals Co., which belongs to Calgary Lawyer-Oilman Eric Harvie. Gushed the Toronto Globe and Mail: "A landmark in northern history." Sixty-one years after it struck gold, the Yukon had struck black gold.

The Chance No. 1 strike is...

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