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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 66-71-121. The TSX Venture Exchange rose fractionally to 827 while polished diamond prices edged lower. Ken MacNeill and George Read's Shore Gold Inc. (SGF) slipped one-half cent to 18 cents on 306,000 shares. The company's revised feasibility study is overdue and its retail shareholders are more irritated than ever.

Dermot Desmond and Dr. Rory Moore's Kennady Diamonds Inc. (KDI), up 20 cents to $3.75 on 1,000 shares, is planning another big exploration program at Kennady North, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The company is looking at a recommended $24.3-million budget for 2017 that includes $10.3-million of reverse-circulation (RC) drilling, mainly in the late winter and spring, and another $8-million in core drilling in the summer and fall.

The RC drilling is for bulk sampling at both Faraday-2 and Faraday-3, two kimberlites that Kennady was busy drilling last year. Small tests of those pipes produced encouraging diamond counts and Dr. Moore, president and chief executive officer, says the bulk testing should allow the company to declare an inferred resource later this year. A limited amount of summer RC drilling will collect more kimberlite indicator mineral samples on the property.

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