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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a bleak 55-102-153 as the TSX Venture Exchange fell one point to 613. Leni Keough's Olivut Resources Ltd. (OLV) closed unchanged at six cents on 19,000 shares, while Dr. Ray Davies's Talmora Diamond Inc. (TAI) added one-half cent to 3.5 cents on 4,000 shares when a board lot last traded on Thursday.

The two companies have processed a mini-bulk sample of beach sand collected from the Seahorse Lake area of their Seahorse project, north of Great Bear Lake in the Northwest Territories. Olivut and Talmora, which each hold a 50-per-cent interest in the project, collected 183 samples, weighing about seven kilograms apiece and containing material larger than 0.5 millimetre and smaller than 3.5 millimetres. (In other words, microdiamonds and big gems need not apply.)

Olivut and Talmora continue to operate on shoestring budgets, and processed just 51 of the samples by caustic fusion. The results are now in, and unfortunately the macrodiamond count stood at zero. That disappointed the market, as Olivut's stock slipped 1.5 cents to six cents on 51,000 shares following the midday news on Friday, while Talmora sat unchanged on just 140 shares.

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