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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was an upbeat 95-55-160 as the TSX Venture Exchange surged 12 points to 628. Patrick Power and Buddy Doyle's Arctic Star Exploration Corp. (ADD), a one-center through most of the fall and winter, lost one-half cent to two cents on 428,000 shares today. The company has been stalled for the past few years at its Diagras project at Lac de Gras in the Northwest Territories, just northeast of Diavik and east of Ekati. Despite the inaction, Mr. Power, president and chief executive officer, thinks there should be movement soon.

Diagras is the remnant of an old diamond project that had been run by De Beers Canada during the height of Canada's diamond frenzy. De Beers turned up a few dozen kimberlites and hastily tested them with a single hole before moving on to another target. Unhappy with what it found, De Beers dropped the project in the early 2000s, leaving Arctic Star free to grab most of the ground in the mid-2010s. Arctic Star's exploration was haphazard at best at first, and for a time it optioned a majority interest to another junior, Margaret Lake Diamonds Inc. (DIA: $0.08), but it made even less progress.

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