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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a disappointing 40-47-164. The TSX Venture Exchange fell two points to 680 while polished diamond prices fell another 0.1 per cent. Robert Mintak's Pure Energy Minerals Ltd. (PE) gained one cents to 24.5 cents on 940,000 shares. The company, a "well-financed lithium brine exploration and processing developer" is trying to entice holders of warrants, exercisable at 15 cents, to exercise early. It will replace them with one-half of an "incentive warrant," exercisable at 24 cents. Today was the last day for the warrant holders to take advantage of the offer.

James Bruchs and Michiel de Wit's Tsodilo Resources Ltd. (TSD), down five cents to 98 cents on 3,000 shares, has acquired the diamond parcels from old tests of its BK-16 kimberlite in Botswana. The 108 diamonds, a total of 21.91 carats, were recovered 15 years ago by a previous explorer, Auridam Botswana Ltd. The diamond parcels are of limited use in assessing the grade as the tonnage of kimberlite extracted is unknown, but they could support Tsodilo's belief that the diamond value at BK-16 will be considerable. The average diamond weight is 0.20 carat, substantially higher than most other deposits. The three largest diamonds weighed 1.7 carats, 1.1 carats and 1.0 carat, a total of 3.8 carats, so one-carat gems account for nearly 18 per cent of the diamond weight.

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