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Diamond & Specialty Minerals Summary for Sept. 5, 2017

2017-09-05 21:24 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a middling 66-69-129. The TSX Venture Exchange gained one point to 779 while polished diamond prices edged upward. Dr. Leon Daniels's Pangolin Diamond Corp. (PAN), silent for the past three months, closed unchanged at 12.5 cents on 527,000 shares. Pangolin is (hopefully) active in Botswana, where it has been finding diamonds in soil samples but still has no kimberlite sources to account for their presence.

After two years of promoting plans for a 2,000-tonne bulk sample of the BK-16 kimberlite pipe in the Orapa district of Botswana, James Bruchs and Michiel de Wit's perpetual diamond promotion, Tsodilo Resources Ltd. (TSD), has started its first large diameter holes in the program, first expected to be completed two years ago. Tsodilo, down 13 cents to 68 cents on 6,000 shares, acquired the project three years ago and immediately laid out diamond drilling plans to "establish a more robust geological model" for an evaluative bulk sampling program to be completed in the fall of 2015. Tsodilo has completed at least two rounds of core drilling since then.

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