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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a poor 32-47-158. The TSX Venture Exchange fell fractionally to 533 while polished diamond prices inched upward. Nicholas Houghton's True North Gems Inc. (TGX) gained 2.5 cents to 18 cents on 1.17 million shares. True North is building its little ruby and sapphire mine at Aappaluttoq on southwestern Greenland. The work should be completed in time for initial production next spring. Mark Smith's Largo Resources Ltd. (LGO) dropped one cent to 26.5 cents on 3.20 million shares. There was no news today, but the company is continuing its struggle to boost production at its Maracas Menchen vanadium mine in Brazil to nameplate capacity.

Ken MacNeill and George Read's Shore Gold Inc. (SGF), up three cents to 20 cents on 1.71 million shares, has substantially boosted its resource estimates for the Star and Orion South kimberlites in central Saskatchewan. Shore now has 193 million tonnes indicated at an average of 0.15 carat per tonne at Star, about 28.3 million carats, with another 57 million tonnes inferred at 0.11 carat per tonne adding another 6.4 million carats. Previously, Shore listed just 152 million tonnes indicated at 0.135 carat per tonne and 26 million tonnes inferred at 0.12 carat per tonne -- a combined 23.7 million carats. The indicated carat count has increased 38 per cent thanks to an 11-per-cent increase in grade and a 27-per-cent jump in tonnage, while the inferred resource saw a doubling of the carat count through a tonnage increase.

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