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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 47-63-147. The TSX Venture Exchange fell 11 points to 657 while polished diamond prices inched downward. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) lost one-half cent to 17.5 cents on 879,000 shares. Peregrine now has its revised resource estimates for two key Chidliak pipes. It is now working on a preliminary economic assessment for them.

Matt Manson's Stornoway Diamond Corp. (SWY), down four cents to 98 cents on 1.33 million shares, has discovered kimberlites on its Adamantin project, 100 kilometres south of its Renard diamond mine in Northern Quebec. The company wrapped up a 78-hole drill program last week, having intersected kimberlite in 18 holes that represent 11 new discoveries from 72 distinct geophysical anomalies. (The drilling employed a reverse-circulation rig that can work quickly, although the recovered chips yield data not as reliable as the information obtained from solid drill core.) Unfortunately, none of the intersections were particularly impressive, with the longest drill hit into undiluted kimberlite measuring just 13.7 metres thick.

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