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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was an indecisive 52-49-161. The TSX Venture Exchange rose three points to 1,005 while diamond prices fell 0.1 per cent. Patrick Power's Arctic Star Exploration Corp. (ADD), which was 20 cents in late July, gained one-half cent to eight cents on 364,000 shares. The stock swooned after a summer drilling program at Redemption, west of Lac de Gras, failed to hit kimberlite. Not to worry, a winter drilling program could have better anomalies to test. Norman Brewster's Cadillac Ventures Inc. (CDC) jumped two cents to three cents on 4.91 million shares. The company is plodding along with its Burnt Hill tungsten and tin prospect in New Brunswick.

Christopher Taylor's Dunnedin Ventures Inc. (DVI: $0.07) intends to launch a new Howe Street diamond promotion using a kimberlite dike play near Rankin Inlet that Pamela Strand's now expired Shear Diamonds Inc. promoted heavily in the mid-2000s. Mr. Taylor, CEO, has been a geologist for the past 15 years, exploring for precious, base and rare earth metals, but not diamonds. He first appeared in a Howe Street boardroom four years ago with his appointment as a director of Planet Mining Exploration Inc. (PXI: $0.055). (He is now president of Great Bear Resources Ltd. (GBR: $0.07) and a director of Desert Star Resources Ltd. (DSR: $0.225) and Iron Tank Resources Corp. (TNK: $0.11).) Dunnedin can earn a 100-per-cent interest in the Kahuna diamond project by spending $5-million and making staged payments of $700,000 and 11 million shares, a deal Mr. Taylor says is "transformative for Dunnedin." It was certainly transformative for Shear: the company and its co-venturers spent over $20-million unsuccessfully seeking rich pipes on what they called the Churchill project. (The company's current insolvency is not directly the result of its Churchill gamble, but it sorely needed the cash later; Shear went broke trying to resurrect the Jericho mine in Nunavut, a failed project of Tahera Diamond Corp.)

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