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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 42-53-155. The TSX Venture Exchange rose fractionally to 689 while polished diamond prices inched higher. Eric Friedland's Peregrine Diamonds Ltd. (PGD) fell one-half cent to 23.5 cents on 238,000 shares. Peregrine, just 13.5 cents in January, is having a good spring. A recent rally has added another $11.9-million to the company's treasury, as the holders of warrants issued last fall bought another 56.5 million shares at 21 cents ahead of their expiry this week. Colin Orr-Ewing's Bacanora Minerals Ltd. (BCN) jumped 20 cents to $1.78 on 136,000 shares. Bacanora has been expanding its resource estimates at its La Ventana, El Sauz and Fleur lithium projects in Mexico. Mr. Orr-Ewing says the company's mine and plant design is "advancing quickly." Unfortunately, its feasibility and financing efforts are proceeding glacially.

Richard Mazur's Alto Ventures Ltd. (ATV), down 1.5 cents to six cents on 19,000 shares, has found kimberlite indicator minerals on its West Fisher claims in the Pikoo district of Northern Saskatchewan. This is the first time Mr. Mazur referred to a West Fisher property, although he has promoted the more generic Fisher project for over a year. West Fisher, which appears to make up the bulk of a potentially larger Fisher property, lies 12 kilometres northwest of the small but possibly rich diamond find made late in 2013 by North Arrow Minerals Inc. (NAR: $0.78). That discovery, PK-150, produced 0.28 carat of commercial-sized gems in a 210-kilogram test, or about 1.3 carats per tonne. North Arrow was slow to follow its 2013 success with more drilling. It spent all of last year collecting more till samples and conducting other preliminaries. North Arrow got back to drilling this year with a new 24-hole drill program in which it discovered three new kimberlites and expanded PK-150 from minuscule to tiny.

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