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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a dreary 40-74-137. The TSX Venture Exchange fell another eight points to 680 while polished diamond prices slumped 1 per cent. Eric Friedland's Peregrine Diamonds Ltd. (PGD) gained one-half cent to 19.5 cents on 145,000 shares. Peregrine is set for a big year at Chidliak, its promising diamond play on Baffin Island. The company plans 250-tonne mini-bulk tests of three pipes, CH-6, CH-7 and CH-44, where it already has a combination of an inferred resource and a target for further exploration. Peregrine needs the tests to model a diamond value for the rich pipes. Don O'Sullivan and Darren Townsend's Pacific Wildcat Resources Corp. (PAW) closed unchanged at four cents on 10,000 shares. Pacific Wildcat is awaiting the judgment of a Kenyan court regarding its fight to prevent the Kenyan government from revoking its licence for the Mrima Hill rare earth project.

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