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by Stockwatch Business Reporter

New York spot gold closed up $3.30 to $1,187.50 Friday, ending the week up $10. The United States Labor Department says the American economy added 223,000 jobs in April. It has also revised its March jobs number to 85,000, down from 126,000. In Canada, the TSX Venture Exchange climbed 5.51 points to 691.02 and the TSX Gold Index edged up a fraction to 165.19.

Major Canadian gold miners ended the day higher. Goldcorp Inc. (G) rose 65 cents to $22.66, Detour Gold Corp. (DGC) rose 25 cents to $13.50, Yamana Gold Inc. (YRI) added three cents to $4.60 and Iamgold Corp. (IMG) added four cents to $2.63.

Ari Sussman and Mario Stifano's Cordoba Minerals Corp. (CDB) rose two cents to 18 cents on 586,000 shares. The company has optioned 65 per cent of its San Matias gold-copper project in Colombia to Robert Friedland's High Power Exploration Inc. High Power is a private company with a proprietary exploration technology, Typhoon. The company plans to buy $1-million worth of Cordoba units at 14 cents, and then take over work at San Matias, where it budgets $19.5-million on exploration in stages. High Power has yet to use its special tools in Colombia, but late last year it started work in Chile. It has other projects in Canada, Australia, Namibia and Mongolia. Cordoba could use High Power's help. Since the company started drilling at San Matias last summer, its stock has fallen from 75 cents, pushing the value of Mr. Sussman's 1.46 million shares down by $834,000.

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