Diamond and Specialty Minerals Summary
(for subscribers)
Guy Bourassa's Scandium Canada Ltd. (SCD) rose one-half cent to 2.5 cents on 256,000 shares. The company has drilled seven new holes covering an additional 250 metres of ground, seeking an extension of its Crater Lake deposit in Northern Quebec. The drilling hit mineralization in each hole, says Mr. Bourassa, CEO, adding that the assays should be in hand before the end of the year. Once the results are back, Scandium Canada plans an updated resource estimate that should reach investors in January.
The company is also beavering away at optimizing its ore concentration flow sheet, and development of a processing flow sheet for hydrometallurgical production of scandium oxide is now under way, using a 500-kilogram batch of ore. That latter work is now the company's focus, says Mr. Bourassa, adding that the testing should be completed in January and a report in hand by March.
And so, Mr. Bourassa and his crew are "quite satisfied with the results" of the company's summer effort, which, he enthuses, "will increase the potential and value of the company." To do so, Mr. Bourassa says that "it is absolutely necessary to broaden [the company's] shareholder base and interest more investors around the world in the immense potential represented by the largest primary source of scandium currently under development worldwide."
In other words, here come the travel bills as Mr. Bourassa stomps his way across Asia and Australia, hitting one dog-and-pony show after another. He will be touting a three-year-old resource estimate for Crater Lake, which lists 7.3 million tonnes indicated at 282 grams of scandium oxide per tonne and 13.2 million tonnes inferred at 264 grams per tonne -- all of it in the northern lobe of the TG zone.
https://www.stockwatch.com/News/Item?bid=Z-C:*MKTDIAM-3610402&symbol=*MKTDIAM®ion=C Good luck to All!