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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a rousing 72-45-153. The TSX Venture Exchange gained one point to 778 while polished diamond prices were flat. Dominion Diamond Corp. (DDC) lost 16 cents to $17.52 on 93,000 shares. The stock is now just a currency play, thanks to the assumed imminent approval of a takeover at $14.25 (U.S.) per share by Dennis Washington's Washington Group.

Matthew Wood's Five Star Diamonds Ltd. (STAR), unchanged at 21 cents on 106,000 shares, has wrapped up drilling and bulk sampling at its Jaibaras project in Brazil. The company has tested four kimberlites, J1, J2, J3 and J4, of the eight pipes present on the property, collecting a range of samples. The Jaibaras kimberlites were discovered by De Beers in 1990 and they got a brief look that included bulk tests of two, J1 and J2, but that company never pursued them further.

Five Star has collected what it calls bulk samples from each of the four pipes through drilling. It collected two samples from each pipe and the rock weighed a total of 120 tonnes, so presumably the test of each pipe weighed approximately 30 tonnes each. Initially, Mr. Wood, chairman, president and chief executive officer, had said the company planned to collect 20 tonnes from each body, so Five Star did better than planned.

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