This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a weak 66-107-137 as the TSX Venture Exchange fell seven points to 615. For the past decade, it seems as though diamond explorers have been dropping like infantrymen dashing across no-man's land, but one new gem hunter that doggedly went over the top this year is still attempting its improbable dash toward victory. Dr. Michael Gunning's VR Resources Ltd. (VRR), down three cents to 28 cents on 622,000 shares, has been back drilling at its big Northway kimberlite target between Kapuskasing and Moosonee in the wilds of Northern Ontario.

VR drilled its discovery hole into Northway last fall, a glancing blow on a big geophysical target, and it went back this spring to send another test into the core of the big feature. VR Resources then dashed off with its rig to drill the nearby Hecla-Kilmer rare earth project but since chose to return to Northway to complete a third hole before sending all the core from the last two holes off for processing.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS