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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for June 7, 2018

2018-06-07 20:01 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a weak 68-95-121. The TSX Venture Exchange fell fractionally to 774 while polished diamond prices edged lower. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) continues to tread water, closing unchanged at 18.5 cents on 283,000 shares. The company has been stuck near the 20-cent mark for ages, despite plans to bulk sample at Star once again this year.

Patrick Power and Scott Eldridge's Arctic Star Exploration Corp. (ADD), down one cent to 15.5 cents on 225,000 shares, has more diamond counts from its Timantti diamond project in east-central Finland. The new gems are from a 79.95-kilogram batch of kimberlite recovered from drilling earlier this year on the White Wolf pipe, a 2005 discovery that enticed the company into acquiring a big block of ground in the area last year. The new kimberlite yielded 105 diamonds, including one that sat on a 1.18-millimetre sieve. Last year, Arctic Star's due diligence work on the project produced 169 diamonds from 67.55 kilograms of kimberlite and once again, one diamond had sufficient girth to sit on a 1.18-millimetre sieve.

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