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by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a weak 59-67-140. The TSX Venture Exchange gained two point to 736 while polished diamond prices held steady. Lukas Lundin's Lucara Diamond Corp. (LUC) traded actively, closing unchanged at $3.35 on 3.70 million shares. There has been no news since mid-November, when the company sold its 12-stone, 1,098-carat parcel of exceptional diamonds from the Karowe mine in Botswana for $38.7-million (U.S.).
Paul Brockington's Margaret Lake Diamonds Inc. (DIA), unchanged at 17.5 cents on 1,000 shares, has acquired a 60-per-cent interest in the Diagras diamond project from Patrick Power's Arctic Star Exploration Corp. (ADD: $0.055). Arctic Star carved the 18,700-hectare project from its 54,000-hectare T-Rex project, just northeast of the Diavik mine at Lac de Gras in the Northwest Territories. Margaret Lake earned the interest by paying a $200,000 bond to the government that keeps the claims in good standing until mid-August, 2017. (Arctic Star says nothing about the status of the rest of T-Rex, but it could be extinct, as it is no longer mentioned on the company's website.)
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