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by Stockwatch Business Reporter

New York spot gold fell $7.20 to $1,200.80 on Thursday. The TSX Venture Exchange lost 4.13 points to 788.85 while the TSX Gold Index slipped 1.88 points to 196.91. Most Canadian gold miners fell today, but by small amounts. Torex Gold Resources Inc. (TXG) led the way, sinking 44 cents to $24.06 on 360,000 shares.

Howard Miller's Avnel Gold Mining Ltd. (AVK), up one-half cent to 26 cents on 396,000 shares, has received assays of up to 29.7 grams of gold over 11 metres from the south-central part of Kalanako, a gold prospect in southwestern Mali. The new assays are from 60 holes of the company's 82-hole drill program at Kalanako, which is shaping up to be a satellite deposit for the company's Kalana project, less than three kilometres to the southwest. Several other holes yielded high-grade gold hits, including a 15-metre interval that averaged 22.6 grams per tonne in the north-central portion of Kalanako.

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