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Diamonds & Specialty Minerals Summary for Nov. 3, 2014

2014-11-03 19:23 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a slow 41-53-177. The TSX Venture Exchange fell three points to 766 while polished diamond prices inched upward. Marie Jose Girard's Dios Exploration Inc. (DOS) fell two cents to five cents on 1.07 million shares. Dios has been seeking diamonds on a gold play, and gold on a diamond play, and not having much luck with either. The company has also dropped its Shipshaw niobium and rare earth project because of uncertainties surrounding its "relevance." Bruce Duncan's Canada Carbon Inc. (CCB) gained three cents to 24 cents on 2.12 million shares. The company is busy drilling at Miller, an old but promotably relevant graphite project in southwestern Quebec.

Michael Schuss's Canadian International Minerals Inc. (CIN), unchanged at 3.5 cents on 178,000 shares, is hoping a modest till sampling program on its A and B claims, northeast of Pikoo in Northern Saskatchewan, will lead to a kimberlite find next year. Grenville Thomas's North Arrow Minerals Inc. (NAR: $0.55) collected 11 samples on the two properties, which span 3,447 hectares of ground within 10 kilometres of North Arrow's Pikoo. North Arrow collected the samples under an option deal that would give it a 70-per-cent interest if it drills and tests a kimberlite on the property.

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