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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a so-so 68-77-165 as the TSX Venture Exchange rose two points to 786. The generational slump in the diamond exploration sector has put a crack in the tenacious pursuit of gems by Patrick Power and Buddy Doyle's Arctic Star Exploration Corp. (ADD). Arctic Star, halted a month ago at a single penny, has been as quiet as a church mouse contemplating a new feline in the rectory -- an uncharacteristic pose for the normally chatty Mr. Power.

Mind you, Mr. Power, the company's president and chief executive officer, turned the day-to-day affairs over to his newly promoted executive chairman, Mr. Doyle. Unfortunately, there have not been many affairs to handle in recent years as the diamond exploration depression enters its third decade without respite. Mr. Doyle and Mr. Power recently nodded toward the elephant in their room, conceding that "the junior exploration space saw our peers leave diamond exploration for other commodities [because of] the difficulty to finance diamond exploration."

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