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by Will Purcell
The critical and specialty minerals box score for Tuesday was a weak 65-102-143 as the TSX Venture Exchange slid 19 points to 901. Daniel Major's Eastport Critical Metals Corp. (EVI) shrugged off a brief halt Monday morning, called so the company could tout new assays from its Semarule project in Botswana, ending the day up one cent to 43 cents on 198,000 shares. Oh, one poor soul paid 53 cents for 3,000 shares late in the morning, but traders were otherwise unenthused that the first hole of the program returned 0.21 per cent total rare earth oxides across 330 metres, beginning near surface.
Eastport sliced and diced its assays to put its best grade forward across as wide an interval as possible, producing a 2.5-metre near-surface stretch that averaged 5.95 per cent total rare earth oxides. The uppermost 47.5 metres graded 0.64 per cent total rare earth oxides, so the bottom 282.5 metres graded less than 0.2 per cent.
Mr. Major, chief executive officer, applauded the assays from this first of eight holes drilled at Semarule as showing strong grade continuity potential, as well as "the structure, continuity, grade and critically the opportunity for material scale over a target area of about 15 square kilometres." (He is really impressed with the continuity and grade.)
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