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by Stockwatch Business Reporter

New York spot gold fell $7.30, closing at $1,250.50 on Friday. The TSX Venture Exchange lost 4.48 points to 773.02 while the TSX Gold Index slipped 6.02 points to 205.98. Canadian gold miners lost ground today, led by Tahoe Resources Inc. (THO), which slid 75 cents to $14.51 on 1.56 million shares and Kinross Gold Corp. (K), which dropped 22 cents to $4.74 on 6.85 million shares.

Stephen Roman's Harte Gold Corp. (HRT), unchanged at 24 cents on 143,000 shares, is expanding its drill program at Sugar, near White River in Northern Ontario. The company began drilling a month ago in what was to have been a 5,000-metre program. This week, Mr. Roman, president and chief executive officer, said that a second rig has been added to the program and a total of 15,000 metres of drilling are now planned. He says that Harte will have to drill a minimum of 12 holes in the South and Middle zones at Sugar to properly assess their viability and their potential to add resources.

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