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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a pleasant 76-54-134. The TSX Venture Exchange gained two points to 836 while polished diamond prices inched higher. Eric Friedland's Peregrine Diamonds Ltd. (PGD) gained one-half cent to 25 cents on 450,000 shares. The company, which has rolled out most of its good news for the year, must now plan -- and finance -- its next work to develop a mine at Chidliak, on Baffin Island.

Dermot Desmond and Patrick Evans's Kennady Diamonds Inc. (KDI), up four cents to $3.94 on 7,000 shares, continues its expansion of the drilled dimensions of its Faraday kimberlites at Kennady North, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The company completed another six holes at Faraday-3 and Faraday-2 late last week and all six tests intersected kimberlite, confirming that both bodies extend onto land from beneath Faraday Lake where they were initially encountered. Two of the tests at Faraday-2 yielded over 30 metres of kimberlite, as did one of the four holes at Faraday-3. (A second came close, at 29.2 metres.)

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