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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a strong 71-29-157. The TSX Venture Exchange gained seven points to 686 while polished diamond prices inched higher. Patrick Evans and Dermot Desmond's Mountain Province Diamonds Inc. (MPV) gained 37 cents to $6.28 on 199,000 shares. The stock, $3.40 in December, has had a good year as construction of its Gahcho Kue diamond mine in the Northwest Territories winds down.

Thomas Graham Jr. and Peter Dasler's CanAlaska Uranium Ltd. (CVV), up one cent to 59 cents on 275,000 shares, surprised investors this week when it landed De Beers Canada as an option partner on its diamond project in the Athabasca basin of northwestern Saskatchewan. De Beers can earn a 90-per-cent interest in the grassroots project, but to do so it must spend a total of $20.4-million over the next seven years. Most of the required expenditure -- $14-million -- comes in the last three years of the deal and De Beers need only spend $1.4-million in the first year of the agreement to earn a 51-per-cent interest, and $2-million more over the following two years to boost its share to 70 per cent.

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