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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a positive 62-53-129. The TSX Venture Exchange gained three points to 695 while polished diamond prices dropped 0.15 per cent. The market was lethargic today, but Benoit Gascon's Mason Graphite Inc. (LLG) gained one cent to 53 cents on 453,000 shares. Mason has a high-grade graphite play at Lac Gueret in Quebec, but Mr. Gascon has been as quiet as a lamb since February.

Patrick Evans's Kennady Diamonds Inc. (KDI), up 11 cents to $4.55 on 79,000 shares, has hit 68 metres of vertical kimberlite at Faraday 2. That is one of its longest drill hits yet on the increasingly important piece of the company's Kennady North project, 250 kilometres northeast of Yellowknife in the Northwest Territories. It also has three narrow intersections of less than five metres, suggesting the company is still baffled by the geometry of its complex kimberlite. Mr. Evans, CEO, says Kennady's drilling at the northwestern end of Faraday 2 "has yet to confirm the direction in which the pipe-like body is trending," although he considers the one significant intersection "encouraging." (In true Howe Street fashion, he finds no discouragement in the three narrow hits, although he says the company is "continuing to test various options" to confirm Faraday 2 continues northward.) Kennady's drilling also hit kimberlite on the southeastern end of Faraday 2, intersecting 17.9 metres in one hole and 2.9 metres in a second.

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