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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a positive 58-55-146. The TSX Venture Exchange gained three points to 657 while polished diamond prices rose 0.4 per cent. Patrick Power's Arctic Star Exploration Corp. gained one cent to 4.5 cents on 1.58 million shares. The company is waiting for news from its Redemption diamond prospect, southwest of Lac de Gras.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 19.5 cents on 1.52 million shares on word of an initial resource estimate for the CH-7 pipe at Chidliak, on southeastern Baffin Island. The estimate -- technically a maiden, although investors have been gossiping about eagerly it for years -- contains 4.99 million tonnes at 0.85 carat per tonne, a total of 4.23 million carats. Mr. Friedland, executive chairman, and Mr. Peregoodoff, president and chief executive officer, were previously touting a "target for further exploration" of between 3.72 million and 6.01 million tonnes for CH-7, and although they did not specify a grade estimate, investors widely interpreted it to be about one carat per tonne.

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