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 for Wednesday was a dreary 75-96-139 as the TSX Venture Exchange fell four points to 514. Tom Drivas and Steve Burgea's Appia Rare Earths & Uranium Corp. (API) fell two cents to 23 cents on 201,000 shares.

Appia has hired a consulting company to complete a maiden resource estimate for Target IV on its PCH rare earths ionic clay project in Goias, Brazil. Mr. Burgea, president, spent as much time cheering his hired hands as he did the PCH property, limiting his obligatory quote to applause for the expertise of SGS Geological Services, which will "bring us one step closer to realizing the full potential of the PCH project."

Mr. Burgea and his chief executive officer, Mr. Drivas, say the primary objective of Appia's "collaboration with SGS" is to complete a maiden resource estimate for Target IV and a supporting technical report. SGS is slated to commence work promptly upon receipt of the database, they enthuse, although in their next breath they reveal that the timeline for SGS to get the data is "in the coming weeks." Those unenumerated weeks must be added to the timeline for the resource estimate, which Appia says is anticipated within a 10-to-12-week time frame from onset of the work.

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