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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a negative 52-62-151. The TSX Venture Exchange gained five points to 802 while polished diamond prices gained 0.1 per cent. Matt Manson's Stornoway Diamond Corp. (SWY) traded actively, dropping four cents to $1.06 on 2.15 million shares. The company is in production at its Renard diamond mine, but the timing of its first diamond sale will depend on how fast the mine gets up to speed.

Grenville Thomas and Kenneth Armstrong's North Arrow Minerals Inc. (NAR: $0.165) is apparently seeking its own diamond redemption. Last week the company told Patrick Power's Arctic Star Exploration Corp. (ADD: $0.025), its partner on the Redemption project, just southwest of Lac de Gras, that it was dropping its option to earn a 55-per-cent interest in the 11,500-hectare project. This week, Mr. Armstrong, North Arrow's president and chief executive officer, said that his company had retained a 55-per-cent interest in one of the Redemption claims. Further, Mr. Armstrong says that North Arrow has identified new target areas south and east of Redemption. As a result, the company has acquired new ground and repackaged some of its old claims as the 7,059-hectare Loki project. Much of Loki lies southeast of the Monument kimberlite cluster, an intriguing but mothballed diamond project operated by Ellen Clements's New Nadina Explorations Ltd. (NNA: $0.12).

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