Cumberland Resources Ltd. recently arranged a Cdn$87 million equity financing to develop the Company’s Meadowbank Gold Project located within 160km’s of the southern end of Committee Bay Resources Ltd.’s Greenstone Belt Project in Nunavut. Meadowbank, host to Canada’s largest known pure gold open pit gold reserves, is forecast to produce an average of 330,000 ounces of gold per year over an eight year mine life. This is great news as it reinforces that the financial community sees true economic potential in Canada’s north.

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. 

To read the full news release, click here

Total Amount Raised:  C$406,940,666
Total Flow Through:  C$54,639,083
Total Base Metals:  C$213,078,548 (Between 30 companies)
Total Precious Metals: C$279,870,452  (Between 46 companies, 19 specializing in gold)
Total Diamond: C$2,949,000 (Between 3 companies)
  
  
Top Regions:  Canada (with 50 companies, 13 of which are in BC) and Latin America (with 12, 4 of which are in Mexico).
Top Brokers:  GMP Securities with $132,250,000 and Sprott Securities with $105,000,000.

 Information collected from the Canadian Financing Bulletin

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”