Diamond & Specialty Minerals Summary for March 21, 2019
2019-03-21 21:13 ET - Market Summary
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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a weak 68-89-145 as the TSX Venture Exchange rose three points to 641 and polished diamond prices lost 0.1 per cent. Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) lost two cents to $1.23 on 154,000 shares on word that it lost $18.93-million last year. Weak rough diamond prices more than countered the strong grades achieved at the Gahcho Kue mine in the Northwest Territories.
Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN), down one-half cent to 3.5 cents on 110,000 shares, has received an extension of its option to acquire a 75-per-cent interest in the AK10 kimberlite within the Orapa kimberlite cluster in Botswana. When Pangolin acquired its option a year ago, it had agreed to a one-year work program before it could set up a joint venture giving it a 51-per-cent interest, which would then collect 500 carats of diamonds. (Pangolin's interest would increase to 75 per cent following a second phase of work, if the vendor, Makanwu Civil Blasting Ltd., decides not to pay its share.)
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- The Wolrd's Next Diamond Mine Could Be Canadian Owned -
Arctic Star (ADD.V) - Phenomenal Week
Arctic Star Exploration (ticker ADD.V) is a an exploration company with a 100% fully paid property, that is led by world-class geologists Buddy Doyle and Roy Spencer. This duo has 68 years of experience, combined, in the diamond mining industry with some major, world-class discoveries under their belt. Doyle lead the team that discovered the Diavik diamond deposits, a mine that produces 7 million carats of diamonds annually in Northern Canada. Spencer, helped discover the Grib kimberlite mine, one of the world’s largest deposits situated in northern Russia in 1996. He also discovered the Lentiira kimberlite cluster in central Finland in 2003, 450km SE from the area that Arctic Star Exploration (ADD.V) is exploring and discovering at this present time. This 100% owned property is currently being explored by Arctic having recently found kimberlites and diamonds in 3 areas sitting 300 meters apart (The 3 Wolves). This kimberlite cluster was found by using ground geophysics then excavator till sampling including 20 samples of 50 metric pounds, approximately 600 meters deep, yielding 4 diamond bearing kimberlites!!! Kimberlites are likely to occur in fields, which commonly contain 30 or more separate kimberlites. This shows that there are strong possibilities "The Wolf" kimberlites are just the first discoveries in a more extensive cluster. Arctic Star tested quality of the diamonds as well. They found one of the Wolves (White Wolf) especially exciting yielding approximately .7 carats/T and 60% white stones (anything over 30% is good). A larger sample is needed to get a more accurate result but these random, micro-tests are looking excellent.
On the Capital Market side, ADD.V closed at .06 on Monday this week climbing to .105 yesterday March 21st 2019, making it one of the top performing stocks this week. A world-class diamond discovery has not been made in the last 3 decade bringing investor confidence down but finally this week, investors seem to be catching-up to the potential of this opportunity as we see the stock rise.
- The Wolrd's Next Diamond Mine Could Be Canadian Owned -
Arctic Star (ADD.V) - Phenomenal Week
Arctic Star Exploration (ticker ADD.V) is a an exploration company with a 100% fully paid property, that is led by world-class geologists Buddy Doyle and Roy Spencer. This duo has 68 years of experience, combined, in the diamond mining industry with some major, world-class discoveries under their belt. Doyle lead the team that discovered the Diavik diamond deposits, a mine that produces 7 million carats of diamonds annually in Northern Canada. Spencer, helped discover the Grib kimberlite mine, one of the world’s largest deposits situated in northern Russia in 1996. He also discovered the Lentiira kimberlite cluster in central Finland in 2003, 450km SE from the area that Arctic Star Exploration (ADD.V) is exploring and discovering at this present time. This 100% owned property is currently being explored by Arctic having recently found kimberlites and diamonds in 3 areas sitting 300 meters apart (The 3 Wolves). This kimberlite cluster was found by using ground geophysics then excavator till sampling including 20 samples of 50 metric pounds, approximately 600 meters deep, yielding 4 diamond bearing kimberlites!!! Kimberlites are likely to occur in fields, which commonly contain 30 or more separate kimberlites. This shows that there are strong possibilities "The Wolf" kimberlites are just the first discoveries in a more extensive cluster. Arctic Star tested quality of the diamonds as well. They found one of the Wolves (White Wolf) especially exciting yielding approximately .7 carats/T and 60% white stones (anything over 30% is good). A larger sample is needed to get a more accurate result but these random, micro-tests are looking excellent.
On the Capital Market side, ADD.V closed at .06 on Monday this week climbing to .105 yesterday March 21st 2019, making it one of the top performing stocks this week. A world-class diamond discovery has not been made in the last 3 decade bringing investor confidence down but finally this week, investors seem to be catching-up to the potential of this opportunity as we see the stock rise.
Posted by Jonathan at 2019-03-22 14:17
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