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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a rousing 110-56-124. The TSX Venture Exchange gained 26 points to 829 while polished diamond prices fell 0.1 per cent. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 13.5 cents on 236,000 shares. The company continues to tread water in the absence of a resource update for the CH-6 pipe at Chidliak, which is expected soon.
Dermot Desmond and Dr. Rory Moore's Kennady Diamonds Inc. (KDI), down three cents to $3.17 on 12,000 shares, has started its 2018 exploration program at the Kennady North project, just northeast of Gahcho Kue in the Northwest Territories. (The cost of the new drilling will be covered in part by Kennady Diamonds' sale of one million shares at $2.50 per share to its former parent and current suitor, Mountain Province Diamonds Inc. (MPVD: $3.45).) The bulk of the work will involve drilling, with about 60 per cent of the tests designed to test priority grassroots exploration targets on the property. The remainder of the tests will be delineation and geotechnical drilling on the Faraday kimberlites.
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