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by Will Purcell
The critical and specialty minerals stocks box score on Friday was a bleak 60-127-123 as the TSX Venture Exchange shed 26 points to 988. Copper Giant Resources Corp. (CGNT) was a busy trader as it drills toward a dream sheet covering its Mocoa copper and molybdenum project in Colombia, dropping two cents to 64 cents on 2.21 million shares today. The company is well named, as Mocoa hosts 7.7 billion pounds of copper and one billion pounds of molybdenum.
Greg Reimer's Surge Battery Metals Inc. (NILI) fell four cents to 65 cents on 1.81 million shares. The company has updated its resource estimate for Nevada North, its lithium project in northeastern Nevada. Surge now has 657 million tonnes measured and indicated at 3,007 parts per million lithium and 271 million tonnes inferred at 2,160 ppm, about 16.6 million tonnes of lithium carbonate equivalent. The calculation expands the deposit well beyond the bounds of a previous pit projection while also upgrading most of the in-pit resource to at least an indicated classification.
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