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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a poor 46-65-146. The TSX Venture Exchange fell five points to 785 while polished diamond prices edged lower. Paul Ogilvie's Saint Jean Carbon Inc. (SJL) closed unchanged at five cents on 814,000 shares. The company, whose insiders are under investigation by the regulators for a possible contravention of securities laws, recently raised about one-quarter of the $2.5-million it had been seeking.

Chris Taylor's Dunnedin Ventures Inc. (DVI), down one cent to 26 cents on 335,000 shares, has identified targets on its Kahuna diamond property that it believes could be kimberlite pipes. Mr. Taylor, president and chief executive officer, says that the geophysical anomalies show "down-ice till chemistry" -- he means indicator minerals matching those found in the company's rich kimberlite dikes. He is optimistic that if the targets are pipes, they could be laden with diamonds. Dunnedin tested the indicator grains from its rich Kahuna, Notch and PST dikes, along with those from the barren KEM dike and Mr. Taylor says that those dikes showed common mineral chemistries that were absent from the barren dike, adding that the chemistry of the new targets shows those chemistries as well.

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