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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a positive 51-47-152. The TSX Venture Exchange gained one point to 692 while polished diamond prices rose 0.3 per cent. Robert Gannicott's Dominion Diamond Corp. (DDC) had another good day, gaining 64 cents to $23.34 on 269,000 shares. Dominion's diamond hunters are busy adding Jay, Sable and A-21 to the Ekati and Diavik mines, which apparently leaves the company's grassroots diamond project south of Lac de Gras on hold. Richard Schler and Craig Scherba's Energizer Resources Inc. (EGZ) gained one cent to 12.5 cents on 2.56 million shares. The company hopes to mine its Molo graphite deposit in Madagascar, but it will need to find the $188-million (U.S.) needed to achieve production.
Patrick Evans's Kennady Diamonds Inc. (KDI), up four cents to $5.64 on 7,000 shares, has another two big drill hits at Kelvin, a complex kimberlite at Kennady North, 250 kilometres northeast of Yellowknife. Mr. Evans, CEO, says the 194 metres encountered in a hole in the northern lobe of Kelvin "confirmed the geological model," but a nearby 187-metre intersection encountered nearly double the kimberlite that the company's model had projected. "This will positively impact the Kelvin tonnage estimate," says Mr. Evans, a former South African diplomat whose blend of hyperbole and understatement has made him one of the most effective diamond promoters in the world.
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