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by Stockwatch Business Reporter

New York spot gold fell $10.50 to $1,271.10 on Tuesday. The TSX Venture Exchange gained 5.23 points to 769.87 while the TSX Gold Index lost 1.17 points to 196.30. Most Canadian golds were lower today, although Centerra Gold Inc. (DGC) rose nine cents to $7.01 on 1.75 million shares. McEwen Mining Inc. (ABX) lost 14 cents to $2.89 on 718,000 shares.

Dr. Morgan Poliquin's Almadex Minerals Ltd. (AMZ) jumped 17 cents to $1.23 on 408,000 shares. The company has received assays of up to 0.90 gram of gold per tonne and 0.30 per cent copper over 534.9 metres in a new hole drilled into the Norte zone on its El Cobre project in Mexico. The huge interval included a 98.0-metre zone that averaged 1.96 grams of gold per tonne and 0.48 per cent copper. The hole was drilled to expand the richer zones at Norte. Dr. Poliquin, president and chief executive officer, says that it succeeded, hitting "high-grade mineralization and multiple zones of intense stockwork veining and potassic alteration" accompanied by significant copper and gold grades. (Dr. Poliquin spent several years earning his doctorate in geology and he likes putting it to work in his promotion of Almadex.)

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