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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Jan. 28, 2019

2019-01-28 18:45 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a weak 76-92-132 although the TSX Venture Exchange rose 10 points to 614. Rough diamond prices inched 0.1 per cent higher last week but they are nearly 5 per cent lower over the past year. Anthony Milewski's Cobalt 27 Capital Corp. (KBLT) added two cents to $4.49 on 1.57 million shares. The stock traded at $3.86 late last week, and it has had a few good days without any new information.

Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), up one cent to 12.5 cents on 19,000 shares, has new microdiamond counts from its Mel project on Melville peninsula in central Nunavut. The new parcels come from surface sampling and drilling at ML-8, one of two kimberlite discoveries on the property. A 79.48-kilogram batch of kimberlite from float and subcrop produced 13 gems, including one that sat on a 0.85-millimetre sieve. Another 24.15 kilograms of kimberlite was recovered during drilling; that material produced eight stones, including another that remained on a 0.85-millimetre sieve.

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