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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a weak 66-83-141. The TSX Venture Exchange rose fractionally to 817 while polished diamond prices edged lower. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) lost one cent to five cents on 165,000 shares. Pangolin has been quiet since late January, when it said it would drill its Malatswae and Moenyenana diamond projects in Botswana. It did not say when the work would start, but it promised results before the end of June.
Dean Taylor's Diamcor Mining Inc. (DMI), down one cent to 39 cents on 13,000 shares, is getting closer to a production decision that the market expects at Krone-Endora at Venetia, its eluvial diamond deposit in South Africa. Mr. Taylor, president and chief executive officer, says that the first step toward production at the project is the completion of a paste thickening plant and other equipment needed to improve the recycling of water at the site. The processing rate of the current bulk sampling exercise has been limited by the amount of water available. Mr. Taylor says that once the plant is running as projected, Diamcor should get at least 75 per cent of the water back for reuse.
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