According to the Organization for Economic Cooperation and Development (OECD), uranium exploration spending will double this year on the back of higher prices and a renewed commitment to nuclear energy from the major consuming nations. OECD analyst Robert Vance expects spending of around US$400 million versus US$200 million in 2005. Exploration expenditures are expected to stay high as long as uranium prices stay high.
- RBC Capital Markets Intraday Comments September 12, 2006

New surface channel samples from “KZ Zone” yield 0.38% U3O8 over 5.4m and 0.14% U3O8 over 2.8m

August 31, 2006 Vancouver, B.C. - Kaminak Gold Corporation (KAM:TSXV), and partner Pacific Ridge Exploration Ltd. (PEX:TSXV), today announced all regulatory permits have been approved and drilling has commenced on Kaminak’s 100% owned Baker Lake uranium property located in central Nunavut. Three initial priority drill targets have now been defined (694, KZ and Lucky-7) within the 510,000 acre property with the first drill holes planned to target the “KZ Zone”.

To read the full release, click here

August 30, 2006
Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) (“Brilliant”) is pleased to provide an update on the Company’s 100% owned Michikamau Ni-Cu-Co-PGE Project located in west central Labrador. 

To read the full release, click here.

Nickel prices will rise as demand, led by surging production of stainless steel in China, will exceed supply, Beijing Antaike Information evelopment Co. said. (more…)

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