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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: Stallion who started this subject	6/25/2002 7:18:44 AM
From: Frank Pembleton	Read Replies (1) of 393

Cumberland Resources Ltd.: Meadowbank Gold Project: Activities Accelerated With $3.9 Million Phase 2 Program VANCOUVER, BRITISH COLUMBIA--CUMBERLAND RESOURCES LTD. (CBD-TSX) (the "Company") reports that Phase 2 initiatives at the Company's 100% owned Meadowbank Gold Project, located 70 km north of Baker Lake, Nunavut, will be stepped up. The previously planned $2.0 million budget for the program has been increased to $3.9 million to facilitate increased diamond drilling and enhanced engineering and environmental studies. Initial results from the now completed Phase 1 drill program have identified resource additions in two of the five known gold deposits. The expanded program is designed to further explore, increase reserves and ready the project for feasibility studies expected to commence later this year. Phase 2 drilling programs are expected to commence in the first week of July. biz.yahoo.com

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