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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a weak 67-100-143 as the TSX Venture Exchange fell three points to 566. Patrick Power and Buddy Doyle's dogged diamond explorer, Arctic Star Exploration Corp. (ADD), closed unchanged at 2.5 cents on 2.08 million shares. The company is out of cash and will soon be out of time for a meaningful exploration program this year at its Diagras project, just northeast of Diavik at Lac de Gras in the Northwest Territories. No matter: Mr. Power, president and chief executive officer, is never out of ideas, nor is he ever bereft of enthusiasm for his diamond project.
And so, after two years of inaction at Diagras, it is no surprise that late last week Mr. Power and Mr. Doyle, his vice-president of exploration for the past 20 years, fired off a new promotional salvo in support of the intriguing project -- and a first glimpse at what they plan for Diagras down the road. (The news was perhaps an unpleasant surprise for shareholders who might have been hoping for something other than gems, as Arctic Star's proof-of-life news inexplicably sent its stock down one cent to 2.5 cents on 472,000 shares Friday.)
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