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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a weak 65-98-147 as the TSX Venture Exchange rose fractionally to 554. Jean-Marc Lulin's Azimut Exploration Inc. (AZM) lost five cents to 80 cents on 176,000 shares. Azimut surged to an intraday high of $1.03 on 624,000 shares Tuesday on word that it had drilled a 72.7-metre interval grading 2.48 per cent lithium oxide at its Galinee project in the James Bay district of Quebec. The hit included two intervals, running about 3.3 per cent each, across 18 metres and 12.7 metres respectively.

These "exciting assay results," Azimut enthuses, are from the first hole of a maiden 5,000-metre drill program on the project, which the company shares with Soquem Inc. And so, Azimut cheers, a new drill program will be put together to accelerate the definition of this mineralized zone. The initial drilling sought to test the downdip extension of a deposit sitting on an adjacent property, where Australia-based Winsome Resources Ltd. has 59 million tonnes inferred at 1.12 per cent lithium oxide.

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