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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a bleak 471-95-168 as the TSX Venture Exchange slid 15 points to 773. Ken Johnson's Lipari Mining Ltd. (LML) was unchanged at 26 cents on 1,000 shares. The company remains focused on its Brauna mine in Brazil, but the previously private Lipari has long been touting plans to mine a much larger kimberlite in Angola. Those plans, which centre on the Tchiuzo pipe on the Tchitengo property, are still being put together -- the company needs cash in other words -- but late last week Lipari refreshed its exploration program.

Lipari has now spent about $3.5-million on a phase I drilling program in an effort to update its understanding of the big pipe. Over the next month or two, the company will complete microdiamond analysis of drill core that had been extracted during the 12-hole, 3,700-metre program completed last year. The resulting data -- and one hopes plenty of microdiamonds -- will be used to refine the geological model and to support the start of preliminary engineering for an open-pit mine.

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