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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a bleak 33-59-159. The TSX Venture Exchange rose fractionally to 671 while polished diamond prices fell 0.2 per cent. Patrick Evans's Mountain Province Diamonds Inc. (MPV) gained one cent to $5.14 on 288,000 shares. The company and De Beers Canada are building a billion-dollar mine at Gahcho Kue, 250 kilometres northeast of Yellowknife. Mr. Evans financed his company's share earlier this year, unless there is a big cost overrun. That seems unlikely, as the build is on budget so far. Lithium Americas Corp. (LAC) gained 4.5 cents to 47.5 cents on 1.47 million shares. The company, which has a lithium brine play in Argentina, plans to merge with Jay Chmelauskas's Western Lithium USA Corp. (WLC). Western, up two cents to 61 cents on 1.10 million shares, holds a big lithium clay play in Nevada.

Dr. Leon Daniels and Rick Bonner's Pangolin Diamonds Corp. (PAN: $0.035) has failed to find kimberlite in a five-hole percussion drill program at its Malatswae project in Botswana. (The company buried that disappointment deep within an otherwise upbeat update of its Malatswae play.) Mr. Bonner, president and CEO, says Pangolin has reviewed the data and decided to extend its testing grid farther upwind. Ground geophysics and detailed soil sampling will take place in the new region, especially in the areas covering two new targets. Mr. Bonner says the work will continue in the upwind direction until the company's soil samples come up barren.

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