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by Stockwatch Business Reporter

New York spot gold fell $0.90 to $1,241.10 on Wednesday. The TSX Venture Exchange rose 2.24 points to 765.95 while the TSX Gold Index lost 0.01 point to 191.04. Most Canadian gold miners moved little today. Klondex Mines Ltd. (KDX) gained 12 cents to $4.31 on 1.32 million shares, while New Gold Inc. (NGD) slipped six cents to $3.76 on 1.07 million shares.

Oliver Lennox-King and John Dorward's Roxgold Inc. (ROXG), up seven cents to $1.17 on 1.23 million shares, has increased its resource estimate at the Bagassi South deposit, less than two kilometres from its underground gold mine at the 55 zone, on the Yaramoko project in Burkina Faso. The new tally lists 352,000 tonnes indicated at 16.6 grams of gold per tonne and another 130,000 inferred at a similar grade, providing a total of 257,000 ounces of gold. The previous estimate listed 563,000 tonnes inferred at 12.1 grams per tonne, or 220,000 ounces. The revision follows a major infill and expansion program that concluded recently, in which Roxgold completed 136 holes and a cumulative 29,160 metres of drilling.

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