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by Stockwatch Business Reporter

New York spot gold fell $4.40 to $1,345.00 on Wednesday. The TSX Venture Exchange lost 3.49 points to 821.89 while the TSX Gold Index slipped 0.22 point to 251.67. Most Canadian gold miners posted modest changes today. Detour Gold Corp. (DGC) led the gainers, adding 57 cents to $33 on 2.60 million shares, while New Gold Inc. (NGD) led the losers, falling 52 cents to $6.73 on 9.66 million shares.

Albert Matter and James Anderson's NuLegacy Gold Corp. (NUG), up one-half cent to 31.5 cents on 475,000 shares, has received assays of up to 2.16 grams of gold per tonne over 21.3 metres at its Iceberg project in north-central Nevada. That one hit contained a 4.6-metre interval that averaged 6.09 grams per tonne, so the remaining 16.7 metres averaged barely one gram per tonne. All five of the latest infill and step-out drill holes returned modest amounts gold, with grades between 0.20 gram and 1.63 grams per tonne. NuLegacy's chief geoscience officer, Dr. Roger Steininger, says that the results are a strong indication that additional drilling will continue to expand Iceberg.

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