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by Stockwatch Business Reporter

New York spot gold gained $5.20 to $1,355.80 on Wednesday. The TSX Venture Exchange rose 10.97 points to 834.47 while the TSX Gold Index added 3.44 points to 279.65. Canadian gold miners had a good day, with Detour Gold Corp. (DGC) advancing $1.14 to $34.53 on 1.59 million shares and Goldcorp Inc. (G) adding $1.03 to $24.78 on 6.10 million shares.

Gerry McCarvill and Jean Lafleur's Aurvista Gold Corp. (AVA), up two cents to 38 cents on 288,000 shares, plans to drill Douay, 150 kilometres north of the Val d'Or-Malartic gold district and 40 kilometres south of the Matagami base metals camp. Mr. Lafleur, president and chief executive officer, says the Douay program will run for the rest of the year. A first stage of work will further investigate two intriguing areas. The first, an area eight kilometres long and three wide, contains all the known Douay gold zones identified over the past 40 years. The second, six kilometres long and 1,000 metres wide, hosts a cluster of geophysical anomalies. The second phase of work will be 4,000 metres of drilling that will attempt to delineate additional gold and possibly base metals on the best targets.

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