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by Stockwatch Business Reporter

New York spot gold gained $10.50 to $1,269.10 on Friday. The TSX Venture Exchange rose 3.36 points to 772.57 while the TSX Gold Index added 1.79 points to 194.52. Most Canadian golds moved little today. Richmont Mines Inc. (RIC) added 36 cents to $10.72 on 766,000 shares while Eldorado Gold Corp. (ELD) lost 23 cents to $2.80 on 8.44 million shares.

Keith Neumeyer and Patrick Donnelly's First Mining Finance Corp. (FF), unchanged at 62 cents on 793,000 shares, has received assays of up to 1.39 grams of gold per tonne over 202 metres at its Goldlund project near Sioux Lookout in Northwestern Ontario. (A two-metre interval that averaged 43.28 grams per tonne bolstered the average grade.) The latest assays, the sixth batch in a continuing stream of results, are from another 14 holes drilled in a now completed 24,300-metre phase 1 drill program. There were several long hits of gold, accompanied by narrow high-grade intervals, including a 179-metre zone that averaged 1.13 grams per tonne and a 90-metre interval that assayed 1.32 grams per tonne.

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