This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a 50-50-151 saw-off. The TSX Venture Exchange gained one point to 683 while polished diamond prices were flat. Matt Manson's Stornoway Diamond Corp. (SWY), 54 cents in March, jumped another four cents to 83 cents on 2.69 million shares. The company is on schedule and within budget with construction of its $850-million Renard diamond mine in Northern Quebec. Glenn Kelly's Orbite Aluminae Inc. (ORT) closed unchanged at 24.5 cents on 535,000 shares. Orbite recently acknowledged its high purity alumina plant on Gaspe peninsula is facing another delay. The company now hopes to reach production late this year, well over a year beyond its original target.

Randy Turner's Canterra Minerals Corp. (CTM), unchanged at six cents on 15,000 shares, has broken a lengthy silence about its big diamond hunt in the South Slave district of the Northwest Territories. Mr. Turner, one of Canada's original (and most successful) diamond promoters, says Canterra conducted geophysics over the northern part of its Marlin property, just northwest of promising diamond deposits at Gahcho Kue and Kennady North, and its Hilltop property, 30 kilometres southwest of Snap Lake. The results, Mr. Turner says, "identified several target areas that warrant further detailed exploration, including drilling."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS