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by Stockwatch Business Reporter
New York spot gold jumped $5.30 to $1,233.70 on Monday. The TSX Venture Exchange rose 4.80 points to 762.32 while the TSX Gold Index added 3.80 points to 190.63. Yamana Gold Inc. (YRI) helped carry Canadian golds higher today. It added 11 cents to $3.11 on 3.55 million shares. Alacer Gold Corp. (ASR) was a laggard again. It slipped two cents to $2.03 on 916,000 shares.
Greg Smith's Calibre Mining Corp. (CXB), up one-half cent to 15 cents on 232,000 shares, has started its 2017 drill program at the Primavera gold and copper porphyry project in Nicaragua. The new drilling will test a series of high-priority targets in two areas: the NE trend, a two-hectare area extending northeast of the currently defined deposit, and San Francisco, a four-hectare area that is three kilometres to the southeast. Calibre plans 45 reverse-circulation holes spanning a total of 8,200 metres. Recent sampling along the NE trend has produced assays of up to 4.09 grams of gold and 18.9 grams of silver per tonne, plus 1.71 per cent copper.
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