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by Stockwatch Business Reporter

New York spot gold gained $4.00 to $1,229.40 on Wednesday. The TSX Venture Exchange gained 1.16 points to 533.74 while the TSX Gold Index gained 0.08 point to 182.95. Detour Gold Corp. (DGC) led the advancing Canadian gold miners today, adding 79 cents to $21.90 on 4.0 million shares. Agnico Eagle Mines Ltd. (AEM) led the retreaters, falling 32 cents to $48.21 on 2.53 million shares.

Nav Dhaliwal's Bonterra Resources Inc. (BTR) lost one-half cent to 27.5 cents on 222,000 shares. The company is acquiring two properties: the 734-hectare St. Cyr block and the 1,016-hectare West Lacroix Lake block in the Urban Barry district of Quebec. Bonterra must issue 1.2 million shares to complete the purchase from the unnamed vendors. The two prospects are less than 10 kilometres southwest of Bonterra's Gladiator project and are purportedly along the same geological trend.

Mr. Dhaliwal, president and chief executive officer, says Bonterra reviewed "key properties" in the area and determined that the two it picked are "strategically located" on what could be the eastern extension of Gladiator's mineralized zones. He says that Bonterra "continues to evaluate other key strategic properties" in the area -- on Howe Street everything is key, or strategic, and often both -- to add to the company's "controlling stake of known geological structures." Gold is the goal of course, not geological structures, but Mr. Dhaliwal hopes to expand his Gladiator success. Bonterra has two drills running on that play as part of a planned 25,000-metre drill program this year. That work comes on the heels of encouraging assays from a first phase program last year.

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