With money jingling in its pocket, Universal Power Corp. (TSX.V:UNX, FSE:3U2A) is ready to start exploring both in Africa and also a world away in northern Canada.

The first results from this year’s exploration are telling Goldcliff Resource Corporation (TSX.V: GCN) that the historical Hedley gold district still has plenty of life left in it.

Teryl hopes to increase revenue and market capitalization for Teryl through further exploration. It helps that Teryl is now mining in a stretch of desert foothills that once yielded approximately $1 billion in copper.

Earlier this week, Bayfield Ventures [TSXV:BYV] and Rainy River Resources [TSXV: RR] announced that they have entered into an option agreement on Bayfield’s Burns Block property, which easterly adjoins Rainy River’s 17/ODM gold zones.

When it comes to uranium exploration in Labrador, few companies boast the scale and scope of Silver Spruce Resources’ (TSX.V: SSE) Central Mineral Belt project (CMB).

KFG Resources (TSX.V: KFG) announced on Oct 26th that its subsidiary KFG Petroleum will participate in the drilling of 6,550 ft oil test in the Wilcox Formation in Adams County, Mississippi. If this well is successful, the company will retain a 15.375% working interest and an 11.5% net revenue interest in the well and surrounding acreage.

Pennant Energy is ready to step into the limelight as it picks up speed with its latest ground acquisition within the prolific Kaybob oil and gas field in Alberta. The Kaybob is known as one of the largest producing oil and gas fields in North America.

Yale’s program for 2007 has now defined skarn mineralization over a strike length of 250 meters - more than doubling the length upon which previous ore estimates were based - and their work has shown that mineralization is open in all directions.

Golden Reign Resources Ltd. (TSX.V:GRR) is looking to develop Magadan’s Butarni and Dorozhni gold properties in partnership with Status LLC, the mining arm of Moscow’s CentroCredit Joint Stock Commercial Bank.

Long focused on copper in Ecuador, Ascendant Copper (TSX: ACX), announced on October 21 that it had signed a letter of intent to acquire all outstanding common shares in St. Genevieve Resources (CNQ: SGVL), another copper company with properties in Arizona.

Investors seeking a grassroots deal with plenty of upside will find EcuaGold refreshing. Companies like this bridge the gap between gambling and putting our money into lesser risk ventures with potential for very high returns. Due diligence tells us EcuaGold has a high stake in a land area of proven mineralization, is well-funded, and works in a “mining friendly” region.

After a summer of quiet trading and a gentle easing of its market capitalization, Astral Mining Corporation (TSX.V: AST) has had a jump-start in both its valuation and volume. The jump, not surprisingly was the result of strong results from Jumping Josephine.