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by Stockwatch Business Reporter

New York spot gold gained $8.70, closing at $1,273.10 on Tuesday. The TSX Venture Exchange lost 0.46 point to 785.68 while the TSX Gold Index climbed 5.48 points to 225.31. Most Canadian gold miners were higher today, led by Detour Gold Corp. (DGC), which added $1.05 to $26.86 on 2.22 million shares. McEwen Mining Inc. (MUX) was a laggard. It lost five cents to $4.30 on 1.60 million shares.

Terrence King and Trevor Bremner's Goldstrike Resources Ltd. (GSR), 41 cents in August, lost three cents to 16 cents on 2.93 million shares. Goldstrike has received assays from the last 10 holes of its 11-hole drill program at Plateau, its top gold project in the Yukon. All the holes hit gold, with the two best ones yielding 2.2 grams over 13 metres and 11.01 grams per tonne over 3.1 metres. The grades from six of the holes averaged less than one gram per tonne and over generally modest intervals. Investors had been expecting better after Goldstrike revealed the assays from its first hole in early September. That test averaged 6.05 grams per tonne over 45.5 metres, including a 12.25-metre interval that ran 21.13 grams per tonne.

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