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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a mediocre 102-95-113 as the TSX Venture Exchange fell one point to 615. Ewan Mason and Ken MacNeill's Star Diamond Corp. (DIAM) lost one-half cent to 10 cents on 105,000 shares. Investors continue to await word about the status of the FalCon diamond project in central Saskatchewan. Rio Tinto put the play in mothballs last June and is looking for a convenient exit. If so, Star is looking to regain the project and revive its promotion.
Dr. Andy Rompel's Jourdan Resources Inc. (JOR) lost one-half cent to 6.5 cents on 231,000 shares. The company has drilled a 7.5-metre interval averaging 1.02 per cent lithium oxide at its Vallee project, just north of Val d'Or in Quebec. The results are from the first 10 holes of its latest drill program on what Dr. Rompel, executive chairman, applauds as the company's flagship project.
While a second hole did nearly as well, the others managed just narrow intervals, but Dr. Rompel was nevertheless "extremely happy" with these latest results, as not only did the holes intersect multiple pegmatite occurrences, but they also showed "significant thicknesses and grades." So far, he enthused, the latest drill campaigns at Vallee "have been particularly successful in building our confidence in the anticipated deposit size and grade."
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