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Gold Summary for Sept. 26, 2016

2016-09-26 20:06 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold gained $0.80 to $1,337.90 on Monday. The TSX Venture Exchange fell 5.09 points to 805.80 while the TSX Gold Index lost 1.58 points to 242.32. Canadian gold miners moved little today. Iamgold Corp. (IMG) added five cents to $5.50 on 7.43 million shares while Eldorado Gold Corp. (ELD) fell 11 cents to $5.33 on 4.37 million shares.

Terrence King's Goldstrike Resources Ltd. (GSR) gained one-half cent to 27.5 cents on 502,000 shares. The company has received assays of up to 0.42 gram of gold per tonne over 154 metres from trenching at its new Monte Carlo zone, on the Lucky Strike project in the White Gold district of west-central Yukon. Several other trenches on the zone also yielded gold, but the hits were shorter. The long interval included an eight-metre interval that averaged 3.0 grams of gold per tonne and there were higher-grade assays from a few of the other trenches, including 5.15 grams per tonne over 6.8 metres. Monte Carlo currently spans an area 1,400 metres long and 350 metres wide (dimensions that remain open) making it the largest new gold-in-soil anomaly found in the area so far.

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