16:49:08 EDT Thu 24 Sep 2020

Diamond & Specialty Minerals Summary for August 4, 2020

2020-08-04 20:07 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a rousing 130-69-101 as the TSX Venture Exchange rose 20 points to 741. Polished diamond prices, which slumped over 4 per cent during the early days of the COVID-19 pandemic, are slowly edging upward again. Prices added 0.4 per cent over the past week, although sales are still just a fraction of their earlier levels.

Ken MacNeill and George Read's Star Diamond Corp. (DIAM), unchanged at 27.5 cents on 169,000 shares, has received the results from the first big trench cutter hole completed at the Star pipe on its FalCon diamond project in central Saskatchewan. The 10-hole bulk sample, collected last year but just now being processed by the company's co-venturer, Rio Tinto Exploration Canada, was designed to confirm the results obtained over the past 15 years by Star Diamond. The initial diamond counts would appear to largely confirm the earlier work, although the numbers fall short of the resource estimate.

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