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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a disappointing 37-48-151. The TSX Venture Exchange fell six points to 540 while polished diamond prices fell 0.5 per cent to a four-year low. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) slumped another 48 cents to $13.39 on 1.07 million shares. The company's two mines are performing well but steadily declining rough diamond prices are hurting the company's financial performance. Jay Chmelauskas's Western Lithium USA Corp. (WLC) gained 2.5 cents to 34.5 cents on 1.11 million shares. The company is inching forward with its Kings Valley lithium project in Nevada.
Patrick Evans's Kennady Diamonds Inc. (KDI), up four cents to $2.89 on 80,000 shares is wrapping up its 2015 drill program at Kelvin and Faraday, 10 kilometres northeast of Gahcho Kue. The company has upped its tonnage target yet again, this time to between 13 million and 16 million tonnes, based on the results of the drilling to date. Most of the kimberlite lies within the Kelvin pipe, which produced another in a string of lengthy drill hits just before the company pulled out its drill ahead of the winter freeze. Drilling at Kelvin's sister pipe, Faraday, continues to yield less substantial intervals; the latest hits running between 10 and 30 metres. Ice is not a concern at Faraday, so the drilling will continue until the days grow unworkably short around the end of November.
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