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by Will Purcell
The diamond and specialty minerals stocks box score on Friday was a so-so 107-95-98 as the TSX Venture Exchange rose eight points to 947. Nick Zeng's Golden Share Resources Corp. (GSH) lost one cent to 10.5 cents on 21,000 shares. Golden Share's Ogoki and Kagiami diamond projects in Northern Ontario are drill-ready targets, cheers Mr. Zeng, chairman, president and chief executive officer, but he adds that the company is not ready to drill. Because of the COVID-19 pandemic, he believes that it is "appropriate to postpone the drilling programs" at both projects to next winter.
Something good can come from something bad, and a pandemic can offer good cover. At the Band-Ore gold project, also in Northern Ontario, it is apparently not appropriate to defer drilling for a year -- nor is it appropriate at the Sandridge metals prospect, where Mr. Zeng and his crew are hoping for a cold snap that will allow them to complete some proposed drilling. In other words, it appears that Mr. Zeng is stalling for time, waiting for some colour to return a rough diamond market frozen numb by the pandemic.
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