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Diamond & Specialty Minerals Summary for Dec. 12, 2018

2018-12-12 20:48 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a so-so 70-72-148. The TSX Venture Exchange lost one point to 562 while polished diamond prices edged lower. Adriaan Bakker's Vanadiumcorp Resource Inc. dropped 1.5 cents to 11 cents on 684,000 shares. The stock, which had been halted at nine cents in June, got as high as 14 cents after it resumed trading yesterday. Vanadiumcorp has a big vanadium deposit in Quebec but the company has been preoccupied with research and development of vanadium processing technology of late.

Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), unchanged at 14 cents on 1,000 shares, is contemplating a big bulk sample to prove or kill its Q1-4 kimberlite at Naujaat in central Nunavut. While its mini-bulk tests have produced modest grades, the company believes that a distinct population of what it calls "orangey-yellow" diamonds could make the big pipe economic. Mr. Armstrong, president and chief executive officer, says that there are encouraging characteristics to the project that could aid the bottom line of a Naujaat diamond mine.

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