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Diamond & Specialty Minerals Summary for Dec. 5, 2022

2022-12-05 21:12 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a so-so 89-104-117 as the TSX Venture Exchange fell another 17 points to 581. Ewan Mason and Ken MacNeill's Star Diamond Corp. (DIAM) closed unchanged at eight cents on 130,000 shares. The company has gotten its hands on three parcels of diamonds, recovered ages ago from the Buffalo Hills project in Northern Alberta, and those gems will be getting their first examination in over a decade, says the company's chairman, Mr. Mason.

The gems were recovered 14 years ago when the company and its co-venturer, Canterra Minerals Corp. (CTM: $0.045), processed nearly 370 tonnes of kimberlite that the previous operator had extracted but not processed. Details of that program are murky, given that much of the Buffalo Hills story has faded into the mists of time. Indeed, Mr. Mason says that he became aware of the diamond parcels just a month ago, a revelation that has sparked the renewed interest.

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