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Diamond & Specialty Minerals Summary for March 2, 2021

2021-03-02 19:43 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a so-so 103-99-98 as the TSX Venture Exchange fell six points to 1,027 while polished diamond prices also edged lower. Joseph Kizis's Equity Metals Corp. (EQTY), up 1.5 cents to 24.5 cents on 242,000 shares, has begun a bit of work at its 57-per-cent-owned Monument diamond project, on the south shore of Lac de Gras in the Northwest Territories. The project has been just as motionless for the past decade, much like the monument-like boulders dotting the southern shore of the big lake, which at one time was at the heart of Canadian diamond exploration.

Mr. Kizis, president, says that the company is completing a tow-mag survey on a 50-metre spacing -- a fancy way of saying that the company's crew is lugging a magnetometer back and forth over an area by snowmobile. The new magnetic surveying will cover two claims north of the leases that make up the main part of the project, he says, adding that the new data will link up with data previously obtained over the main leases.

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