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Diamond & Specialty Minerals Summary for Aug. 3, 2022

2022-08-03 20:50 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a mediocre 85-98-127 as the TSX Venture Exchange rose fractionally to 665. Glen Kasner and Gino Chitaroni's RJK Explorations Ltd. (RJX) dipped one-half cent to eight cents on 1,000 shares.

The company is cheering new data from its now three-year-old diamond promotion in the Nipissing area of Northeastern Ontario, information obtained as it "continues to engage with subject matter experts" to "investigate and theorize on the continuous compilation of data derived through its various exploration activities to date." (Diamonds have been rarities on the company's ground, but highfalutin prose abounds in RJK's offices.)

Mr. Kasner, chief executive officer, and Mr. Chitaroni, president, had been relying upon Chuck Fipke as their primary expert on subjects surrounding diamonds and kimberlites. Now they are looking to quench their thirst for knowledge through SRK Consulting Diamond Group's geologists, who have provided a new take on RJK's quest for the source of the Nipissing diamond, an 800-carat gem that turned up over a century ago in a farmer's field just west of Lake Timiskaming.

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