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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a mediocre 72-88-130. The TSX Venture Exchange fell three points to 821 while polished diamond prices edged higher. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one-half cent to 5.5 cents on 660,000 shares. The company has said nothing this month about its drilling at Malatswae and Moenyenana in Botswana.
Terry Tucker and Samer Khalaf's Tango Mining Ltd. (TGV), up one-half cent to 4.5 cents on 88,000 shares, has a backer for its alluvial mining project at Txapemba, in the wilds of northeastern Angola. The company and a subsidiary of Consolidated Contractors Co. (CCC), a Middle East-based major engineering and construction company, have signed a term sheet through which the CCC subsidiary will invest up to $1.3-million in debt and equity toward development of Txapemba. (Tango has a three-year renewable services agreement for mining and marketing of diamonds with Txapemba Canguba RL (TCRL), for the "semi-industrial exploitation of diamonds.")
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