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Diamond & Specialty Minerals Summary for Nov. 14, 2024

2024-11-14 17:10 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a positive 85-79-146 although the TSX Venture Exchange fell three points to 590. The hunt is getting more challenging by the week, but Ewan Mason's beleaguered Star Diamond Corp. (DIAM) managed to find another new low today, subsiding to three sad cents before ending the day unchanged at 3.5 cents on 519,000 shares.

Chris Pennimpede's Canterra Minerals Corp. (CTM) jumped three cents to 10 cents on 7.76 million shares following a 2.5-cent rise Wednesday on 7.86 million shares. The rally follows word Canterra has the first assays back from its maiden drill program at the Lundberg deposit, on the Buchans property in central Newfoundland. The assays, from the first six holes of the eight-hole program, included a 60.25-metre surface-based interval that graded 0.74 per cent copper, 3.92 per cent zinc, 1.16 per cent lead, plus modest amounts of silver and gold -- all of which summed to a copper equivalent grade of 2.25 per cent. The other holes were far less promotable, although a second did return 0.9 per cent copper equivalent across 121.45 metres.

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