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Diamond & Specialty Minerals Summary for Jan. 25, 2023

2023-01-25 20:36 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a positive 110-84-116 as the TSX Venture Exchange fell fractionally to 622. It has been silent for over a month, but Alphamin Resources Corp., a prolific miner of tin in the Democratic Republic of the Congo, lost one cent to $1.04 on 3.16 million shares.

Glenn Kasner's RJK Explorations Ltd. (RJX) closed unchanged at five cents on 39,000 shares. The company's sputtering diamond promotion creaked forward an inch last week, with word that after nearly a year of discussions with the Ontario government and local first nations, the company has received drilling permits for its diamond project south of Cobalt in Northeastern Ontario. And so, Mr. Kasner, president and chief executive officer, says RJK will be sending a drill to the property shortly to "start testing priority targets."

Mr. Kasner and his go-to adviser on most things diamond related, project manager Peter Hubacheck, do not say where the priority drill targets lie, but it is certain they are not on the Kon claims, home to the company's only proven kimberlites: RJK "has decided not to continue with the Al Kon option" -- so named after local prospector Alan Kon, who staked the ground and found the first kimberlite on the claims years ago.

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