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Diamonds & Specialty Minerals Summary for July 28, 2014

2014-07-28 19:43 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 52-67-142. The TSX Venture Exchange gained two points to 1,019 while diamond prices inched lower. Patrick Power's Arctic Star Exploration Corp. (ADD) gained two cents to 19 cents on 669,000 shares. Arctic Star has heard that North Arrow Minerals Inc. (NAR: $0.79), its co-venturer at Redemption, west of Lac de Gras, will drill several land-based targets through mid-August. More drilling is planned for early next year to test lake-based targets. David Hodge's Commerce Resources Corp. (CCE) gained 1.5 cents to 23 cents on 544,000 shares. Commerce has been silent since it drilled nearly 100 metres of 2.3 per cent total rare earth oxides three weeks ago at its Ashram project in Quebec. Ashram already hosts 29 million tonnes measured and indicated and 220 million tonnes inferred at about 1.88 per cent total rare earth oxides. Most of the oxides are lights, prompting Mr. Hodge to include mediums in his promotion of Ashram's proportion of heavy oxides.

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