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by Will Purcell

The critical and specialty minerals stocks box score was a positive 101-94-115 on Wednesday as the TSX Venture Exchange rose five points to 1,148. Canalaska Uranium Ltd. (CVV) was among those with scintillating performances today, as it added eight cents to 99 cents on 2.98 million shares in silence.

Adrian Smith's First Atlantic Nickel Corp. (FAN) dipped one-half cent to 24.5 cents on 1.83 million shares Tuesday on assays from the last four holes drilled into the RPM zone of the company's Pipestone XL nickel-cobalt project in central Newfoundland. The new results included a 402-metre zone, topped near surface, which yielded 0.13 per cent nickel and a mass pull of 10 per cent using Davis tube recovery (DTR) methods. Two other holes managed 0.1 per cent recovered nickel, one of them over 371 metres.

None of the four holes quite matched the results from the first 10 holes of the 14-hole program. The best of those, revealed in June, showed a DTR grade of 0.14 per cent and a mass pull of 9.53 per cent. What this means is that while the best of the latest holes graded just 0.22 per cent nickel, and while the DTR process achieved just a 58-per-cent recovery, by reducing the concentrate to just 10 per cent of the original mass through wet magnetic separation, the grade climbs to 1.31 per cent nickel. Yes, the tonnage drops by a factor of 10, but if the tonnage is huge to start, an economic mine is possible. And so, stay tuned. First Atlantic lost one-half cent to 24 cents on 1.17 million shares today.

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