October 10, Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) (“Brilliant”) is pleased to announce a significant new discovery west and adjacent to the Helmut South orebody at the Lanfranchi Nickel Mine, Tramways Tenements, in the World-Class Kambalda Nickel District of Western Australia.
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Surface chip and channel samples yield 0.27% U3O8 over 3.9 metres and 0.19% U3O8 over 3.1 metres at Lucky-7 Zone
October 2, Vancouver, B.C. - Kaminak Gold Corporation (KAM:TSXV), and partner Pacific Ridge Exploration Ltd. (PEX:TSXV), today announced 11 diamond drill holes have been completed on Kaminak’s 100% owned Baker Lake uranium project, located in the Kivalliq District of the Nunavut Territory. The drill program is ongoing and is contingent on weather conditions.
To read the full news release, click here.
We found the following information from CIBC World Markets interesting and relevant because it highlights to an increasing need to discover new sources of uranium, coming from geopolitically stable and mining friendly jurisdictions. CIBC World Markets estimates that a boom in Asian nuclear power plants threatens to cause world shortages of uranium as 80 new reactors are now under construction or approved worldwide, most of them in Asia.
Source: Rod Blake, Investment Advisor, Canaccord Capital Corp. - September 18th, 2006 “A Brief Look Back Into Tomorrow”
The Mining Association of Canada warns that the level of the country’s base metal reserves have fallen by 50-80% in the last 25 years and that the industry may require up to 81,000 new workers to meet demand over the next decade.
Eight grab samples average 0.211% Mo (0.353% MoS2)
September 14, 2006, Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSX-V) and project partner BC Gold Corp. (BGX.P: TSX-V) today announced the assay results from grab samples taken from a new surface molybdenum discovery on Kaminak’s 100% owned Voigtberg Au-Cu-Mo Property. Kaminak has also completed the previously announced (see Kaminak News Release dated August 22, 2006) drill program at the Voigtberg Property.
To read the full news release, click here