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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a weak 70-112-128 as the TSX Venture Exchange lost seven points to 617. Wes Roberts's (and soon perhaps to be Ken Johnson's) Golden Share Resources Corp. (GSH), halted at 4.5 cents pending a merger, has been touting -- but rarely exploring -- its Ogoki diamond prospect in Northern Ontario for years. And so, the project appeared to be on its deathbed now that a reverse takeover merger with Mr. Johnson's Brazil-based Lipari Diamond Mines Ltd. is in the works -- an arrangement that could leave Golden Share's backers with as little as 8 per cent of the expanded company.
But wait! Mr. Roberts, Golden Share's interim chief executive officer since Nick Zeng stepped down in mid-September and passed away just a week later, has launched and completed a new round of airborne geophysics at Ogoki. The company flew a magnetic survey over 14 targets across eight individual survey areas. Mr. Roberts was clearly enthused about the surveying, which he cheers as having mapped "all of the bodies in precise detail" and confirmed historical results. The data is now being processed.
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