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Diamond & Specialty Minerals Summary for April 5, 2018

2018-04-05 21:22 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a rousing 100-62-132. The TSX Venture Exchange gained six points to 770 while polished diamond prices rose 0.2 per cent. Dr. Waldo Perez's Neo Lithium Corp. (NLC) added 12 cents to $1.35 on 1.41 million shares. Neo Lithium has found a new high-grade lithium-bearing aquifer at depth on its 3Q project in Argentina. James Nelson's Spearmint Resources Inc. (SRJ) gained one-half cent to 5.5 cents on 2.30 million shares. Spearmint said three weeks ago that it had drilled into a lithium-bearing clay formation on its Clayton Valley project in Nevada. Assays are pending.

Ken Armstrong and Grenville Thomas's North Arrow Minerals Ltd. (NAR), arguably Canada's busiest diamond explorer, gained 1.5 cents to 23.5 cents on 4,000 shares. The company has another batch of microdiamonds from its Q1-4 kimberlite just north of Naujaat, formerly the easier-to-pronounce Repulse Bay, at the northwestern end of Hudson Bay. The new diamond parcel came from composite samples that the company collected from drill core acquired across four different phases of kimberlite. The 352-diamond haul included 106 stones larger than a 0.85-millimetre sieve. The larger gems weighed 1.82 carats, and coming from 5.17 tonnes of kimberlite, they indicated a sample grade of 0.35 carat per tonne.

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