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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a weak 53-67-180 as the TSX Venture Exchange added five points to 544 while polished diamond prices inched lower. Dr. Leon Daniels and Graham Warren's Pangolin Diamonds Corp. (PAN) dropped 2.5 cents to 7.5 cents on 152,000 shares. The stock, which flatlined near the four-cent mark for the past year, began nosing upward in late August, getting as high as 10 cents this week. The rally is the result of a promised drill program, set to start imminently, on several MSC kimberlite targets at Malatswae, in Botswana.
Scott McLean's Transition Metals Corp. (XTM), down 1.5 cents to 15 cents on 10,000 shares, has received assays of up to 2.09 per cent nickel, 0.64 per cent copper and 0.05 per cent cobalt over four metres from channel sampling at its Maude Lake project, near Schreiber in Northern Ontario. A second channel sample produced 2.11 per cent nickel, 1.3 per cent copper and 0.06 per cent cobalt. Modest amounts of platinum group metals and gold were also present in the channel samples.
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