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by Will Purcell
The diamond and specialty minerals stocks box score on Tuesday was a mediocre 69-78-147 as the TSX Venture Exchange fell two points to 585 and polished diamond prices were flat. (These days, flat prices can be considered good news.) Patrick Power's flagging diamond explorer, Arctic Star Exploration Corp. (ADD) spurted to life today, getting to six cents before closing unchanged at five cents on 5.15 million shares. The company is working -- or at least promoting -- its Timantti project in Finland.
Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR) gained one-half cent to seven cents on 1.41 million shares. The company said late Monday that Dennis Washington's Dominion Diamond Mines Ltd., its co-venturer on the LDG diamond project, hit kimberlite in its first hole of their summer drill program. That is encouraging news as it is believed to be the first kimberlite discovered by the co-venturers on the big project, which lies immediately south of Lac de Gras in the Northwest Territories.
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