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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a mediocre 71-86-121. The TSX Venture Exchange gained three points to 787 while polished diamond prices inched upward. Adrian Hobkirk's NRG Metals Inc. (NGZ) tumbled nine cents to 52 cents on 5.98 million shares -- and as low as 41 cents in the morning -- on word that it had "discovered lithium" at its Salar Escondido project in Argentina. Mr. Hobkirk, chief executive officer, was "very excited with the initial results," but investors appeared distressed by the low grades.
Patrick Power's Arctic Star Exploration Corp. (ADD), unchanged at 13.5 cents on 22,000 shares, has appointed its new director, Roy Spencer, to "the newly created position of country manager for Finland." (No, this is not a coup d'etat against Finnish prime minister, Juha Sipila. Mr. Spencer will be responsible for handling Arctic Star's exploration activity on its recently acquired Timantti diamond project.) Arctic Star also has a vice-president of exploration, Buddy Doyle, who presumably will have a hand in managing the program; otherwise, Mr. Doyle may be feeling underemployed given Mr. Power's new focus on Finnish gems.
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