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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 91-88-131 as the TSX Venture Exchange added one point to 571. Owen King's True North Gems Inc. (TGX), down one-half cent to 6.5 cents on 1,000 shares, nearly became a ruby miner in Greenland before bankruptcy of its subsidiary nearly -- and still might -- kill it off. Now, however, the company is upping its pursuit of lithium in Canada.

True North has acquired two lithium properties in the Abitibi region of northwestern Quebec from Glenn Griesbach, a prolific local prospector. The first, Decelles, is just south of Cadillac, a historical gold mining town in the area, while the Nabikok property lies about 50 kilometres southwest of Val d'Or. To acquire both properties, True North must pay Mr. Griesbach a total of $100,000 in cash and issue him three million shares of Laval Critical Elements Inc. (LCE), which is a wholly owned subsidiary of True North.

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