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by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a horrid 48-140-102. The TSX Venture Exchange dropped eight points to 803. Last week the rough diamond price index fell 0.2 per cent. Greg Burns's Quantum Cobalt Corp. (QBOT) leapt 7.5 cents to 48 cents on 1.41 million shares. The company's last news came three weeks ago, when it said it would drill to determine the size of a dump pile at its Nipissing Lorrain project in Northeastern Ontario.
Chris Taylor's Dunnedin Ventures Inc. (DVI), up one cent to 22 cents on 188,000 shares, has reaffirmed its focus on diamonds and is getting set for a new drill program at its Kahuna project, just northeast of Rankin Inlet in Nunavut. (The company had been distracted by gold showings on Kahuna for the past year or two, but it is spinning out its gold assets as a new company, called Solstice Gold Corp.) With Dunnedin's sole focus returning to diamonds at Kahuna, shareholders can (hopefully) expect some new drilling on the old prospect. While Dunnedin has mused about new drilling in the past, its most significant work since it acquired the project four years ago has been the collection and processing of some small surface samples from three previously discovered kimberlite dikes.
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