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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a weak 68-115-117 as the TSX Venture Exchange fell eight points to 734. Ken MacNeill's Star Diamond Corp. (DIAM) dropped one-half cent to 17 cents on 251,000 shares after it revealed not only the results of the fifth trench cutter hole, dug by Rio Tinto Exploration Canada (RTEC) into the Star kimberlite in central Saskatchewan, but the sixth as well. The fifth hole yielded 126.8 carats from 795 tonnes of Early Joli Fou (EJF) kimberlite, 15.9 carats per hundred tonnes, while the sixth managed 134.5 carats from 920 tonnes, or 14.6 carats per tonne. Still, there are the usual concerns that arise when the numbers are examined in detail.

The results "continue to validate the grades" outlined in a 2018 preliminary economic analysis that was based upon the company's own underground and large diameter drilling programs completed over a decade ago, cheered Mr. MacNeill, president and chief executive officer, although he quickly reverted to recent form, grumping that "we would have expected to recover some larger diamonds out of Rio Tinto's work." (Rare is the promoter who flagellates his own exploration program, but Star Diamond is locked in litigation with RTEC at the FalCon project and is promoting the RTEC results as misleading.)

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