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Diamond & Specialty Minerals Summary for June 13, 2022

2022-06-13 20:59 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score was a horrendous 42-179-89 as the TSX Venture Exchange crashed 32 points to 671. Laura Lee Duffett's Tres-Or Resources Ltd. (TRS) was one holding its ground, closing unchanged at seven cents on 20,000 shares.

The wait for diamond counts from Tres-Or's mini-bulk test of the big Guigues kimberlite is dragging on, but not to worry: The company has not swept discouraging news under the regulatory carpet awaiting disclosure in its imminent annual report. No, says Ms. Duffett, president and chief executive officer, the rock is still at the Saskatchewan Research Council (SRC) facility in Saskatoon, being processed.

Tres-Or did the drilling at Guigues last fall, completing five holes at three sites, with three vertical tests drilled to 300 metres each along with two nearly vertical holes -- one drilled northward from the northern setup and the other drilled southward from the southwestern setup. Four of the five holes bottomed in kimberlite and the fifth came close, which attests to the size of the big pipe.

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