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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a bleak 40-72-145. The TSX Venture Exchange fell two points to 760 while polished diamond prices gained 0.1 per cent. Matt Manson's Stornoway Diamond Corp. (SWY) dipped another two cents to 71 cents on 1.10 million shares. Stornoway is quietly ramping up production at its Renard mine in Quebec and although early results were encouraging, the company's silence is not reassuring investors that the mine will be as profitable as hoped.

Dermot Desmond and Dr. Rory Moore's Kennady Diamonds Inc. (KDI), down seven cents to $3.23 on 2,000 shares, has begun its summer exploration program at Kennady North. Dr. Moore, president and chief executive officer since the spring of 2016, says the company will complete at least 3,000 metres of drilling in the Kelvin-Faraday area, along with ground geophysics over key target areas on leases that Kennady acquired from GGL Resources Corp. (GGL: $0.025) last summer. Dr. Moore says that he and his crew will "continue with further exploration and delineation drilling" of the Faraday kimberlites as they track northward from beneath Faraday Lake onto dry land.

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