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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a positive 84-75-151 as the TSX Venture Exchange added two points to 530. Chick Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX) closed unchanged at 1.5 cents on 858,000 shares.

Metalex has been exploring Quebec for diamonds since just after its launch as a public company 21 years ago, but lately it has been seeking other commodities on its scattered claim blocks. First it was gold; more recently scandium became a target. Now, the company says that it believes its A1 block shows potential for hosting lithium mineralization.

Mr. Fipke, arguably Canada's first independent diamond explorer back in the 1980s, rarely touts anything without calling upon the gods of geochemistry for support. He did so again this week, pointing to his company's -- his, really -- "most comprehensive geochemical dataset of the region," but he also invoked the promotional spell of closeology, pointing out that A1 lies "in the vicinity of significant lithium discoveries," notably the Corvette property being worked by Patriot Battery Metals Inc. (PMET).

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