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Diamonds & Specialty Minerals Summary for Jan. 15, 2015

2015-01-15 17:42 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a ho-hum 47-47-173. The TSX Venture Exchange fell fractionally to 659 while polished diamond prices fell 0.2 per cent. Robert Gannicott's Dominion Diamond Corp. (DDC), the biggest gainer over the past several months, fell hard for the second day running, losing 70 cents to $18.82 on 434,000 shares. The stock, which set a six-year high of $21.62 last week, remains well above its 2014 low of $12.89. Anthony Huston's Graphite One Resources Inc. (GPH) closed unchanged at eight cents on 1.24 million shares. The company has hired an adviser to help it acquire institutional shareholders in the United States. Graphite One is working its big Graphite Creek project north of Nome, in Alaska.

Mike Koziol and Rick Mazur's Alto Ventures Ltd. (ATV), unchanged at seven cents on 1,000 shares, is flying a magnetic survey over its GEFA diamond project in Northern Saskatchewan. GEFA is immediately east of Pikoo, where North Arrow Minerals Inc. (NAR: $0.53) discovered a tiny but high-grade kimberlite in the fall of 2013. Mr. Mazur, Alto's CEO, says the results will be discussed -- in other words, promoted -- once the survey is complete and the information is processed, probably in March. The company collected 325 till samples on GEFA, and also on the nearby Fisher property. Mr. Mazur says most of the samples have been "visually processed" but he will reserve comment until the geologists complete an assessment with more than their hopeful eyes, probably in February.

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