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Diamonds Summary
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Diamond & Specialty Minerals Summary for Oct. 5, 2017

2017-10-05 20:56 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a poor 55-80-128. The TSX Venture Exchange rose fractionally to 784 while polished diamond prices were steady. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) gained one-half cent to 13.5 cents on 654,000 shares. The company wrapped up deep drilling at its CH-6 pipe at Chidliak recently and is working on a revised resource estimate.

Jim Greig's Crystal Exploration Inc. (CEI), up one cent to eight cents on 53,000 shares, is drilling its Contwoyto project in Nunavut. The property hosts five high-priority kimberlite targets, but Crystal's higher priority is a series of gold targets. (Mr. Greig, president and chief executive officer, has touted his company as a diamond explorer from the start, but in June he began calling it a "gold and diamond exploration company.") As for the diamond targets at Contwoyto, Mr. Greig says that they require follow-up prospecting, sampling and ground geophysical surveying -- but then, he has been saying that for months.

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