Diamond & Specialty Minerals Summary for Sept. 9, 2016
2016-09-09 20:54 ET - Market Summary
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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a poor 52-87-136. The TSX Venture Exchange fell 13 points to 812 while polished diamond prices edged higher. Dominion Diamond Corp. (DDC) gained three cents to $11.28 on 1.24 million shares on word it lost $32.9-million (U.S.) during its second quarter. The company is nevertheless keeping its semi-annual dividend at 20 U.S. cents per share.
Patrick Power's Arctic Star Exploration Corp. (ADD) closed unchanged at three cents on 245,000 shares. The company learned this week that North Arrow Minerals Inc. (NAR: $0.165) has backed out of its option to earn a majority interest in the Redemption diamond prospect, just southwest of Lac de Gras in the Northwest Territories. North Arrow, which agreed to spend $5-million by the summer of 2017 exploring Redemption in exchange for a 55-per-cent interest, abandoned the option after having spent about $4-million, much of it on failed drill programs.
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are the world's largest. Nemaska current drilling is hitting Lithium stepping out from the known Lithium outcropping deposit found in the 1950's, because the Nemaska geologists are the best the world has ever seen? or possibly because no one ever drilled the overburden area surrounding the huge outcropping Lithium bearing pegmatite and Lithium bearing pegmatite is everywhere?, reportedly Nemaska has only 3km east west by 3.5km north south of claim area because Nemaska was at 4 cents in 2014 and had no cash to add to its claim area, while the drilling continues to hit Lithium on the march to the property boundaries where it will magically stop. Talison Mines produces Lithium from pegmatites and is Archean age, and additional resources found by step out drilling. fact is, not even nemaska mangement could not mooch the $55/cell to stake additional ground around the deposit---- what happens if the Lithium does not magically stop at the claim boundaries?
Posted by archean lithium deposits at 2016-09-10 01:32
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