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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a weak 65-105-140 as the TSX Venture Exchange fell four points to 617. Yari Nieken's Margaret Lake Diamonds Inc. (DIA), halted a week ago at 16 cents -- 1.6 cents for those unaware the stock was consolidated 1:10 in May -- is looking for a gold resurrection. If successful, this will presumably leave its minority interest in the Diagras diamond project, just northeast of Lac de Gras in the Northwest Territories, back in the promotional void.

Indeed, Margaret Lake's planned reverse takeover of Parvez Tyab and Jeff Redcliffe's Emerging Goldfields Resources Ltd. sparks questions about what happened with the grand plans for Diagras this year. There is still time for a summer push -- the sun hung above the horizon over Diagras for 19 hours and 42 minutes today after all. Still, tomorrow will see eight less minutes of daylight and each passing week peels nearly an hour from the length of the long Arctic summer days. The first flakes of snow will swirl from the sky within two months, so it is unlikelier by the day that there will be a significant effort at Diagras this year.

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