Diamond Drill Core Analysis Causes Junior Miner To Skyrocket

An Ontario-based junior miner just published positive Kimberlite Indicator Minerals (KIMs) analysis from the company’s Paradis and Kon Kimberlite discoveries near Cobalt, Ontario. RJK Explorations Ltd. (TSX-V:RJX.A) saw its shares pop following the published analysis as traders take in the information.

RJK is a Canada-based mineral exploration company. The firm engages in the acquisition, exploration, and development of early stage mineral resource properties in Greenstone belts. The company's current focus is on gold in Ontario and Newfoundland. Its projects include Rolling Pond Project and Bishop Nipissing Diamond Project.

Shares were off to the races as traders lifted the price to a session high of $0.275/share (+7.84%). This move is a sign of a potential continuation of the macro uptrend that had been halted by a multi-month trading range.