CMKM Diamonds Inc. (fka CMKX)

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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 27, 2004

U.S. Canadian Minerals, Inc.


(Exact name of registrant as specified in its charter)

Nevada 0-25523 33-0843633
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(State or other jurisdiction (Commission File No.) (I.R.S.
of incorporation) Identification No.)




4955 S. Durango #216, Las Vegas, NV 89113

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(Address of principal executive offices) (Zip Code)

Registrant's Phone: [phone] Fax: [phone]



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(Former name or former address, if changed, since last
report)


ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.

U.S. Canadian Minerals, Inc. has acquired a concession for the mining of gold in Ecuador from the government of Ecuador. Said concession has been granted to the Company's subsidiary,Yellow River Mining, S.A. and was granted on August 27, 2004.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




U.S. Canadian Minerals, Inc.

Date: October 18, 2004 By:
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Rendal Williams
Chief Executive Officer