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Diamond & Specialty Minerals Summary for May 29, 2019

2019-05-29 20:00 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a so-so 85-67-148 as the TSX Venture Exchange fell one point to 604 and polished diamond prices edged lower. Arctic Star Exploration Corp. (ADD), one of a dwindling number of Canadian diamond explorers, gained one-half cent to 6.5 cents on 2.43 million shares. The company's exploration focus is at Timantti in Finland, but it also has a few projects based in Canada's North. The company has not had news in two weeks, but it continues to plod along with its projects.

Dermot Desmond and Stuart Brown's Mountain Province Diamonds Inc. (MPVD) is still looking to manoeuvre its Kennady North project into the Gahcho Kue mine plan. Mountain Province, up 5.5 cents to $1.165 on 355,000 shares, continues to cheer a consultant's report on the Faraday 2 kimberlite, a key part of Kennady North. (The other key component, Kelvin, has already been adequately explored and well promoted by Mountain Province.)

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