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by Stockwatch Business Reporter

New York spot gold gained $1.90 to $1,279.80 on Tuesday. The TSX Venture Exchange slid 7.80 points to 794.95 while the TSX Gold Index added 0.70 point to 193.56. Yamana Gold Inc. (YRI) led Canadian golds lower, dropping nine cents to $3.31 on 5.83 million shares, while Agnico Eagle Mines Ltd. (AEM) went the other way, gaining 47 cents to $57.83 on 528,000 shares.

Dr. Alexander Becker and Brian Slusarchuk's Kenadyr Mining (Holdings) Ltd. (KEN), unchanged at 13.5 cents on 432,000 shares, has received assays of up to 5.35 grams of gold per tonne over 29 metres from its 10th drill hole at the East zone on its Borubai project in the Kyrgyz Republic. In June, the company received assays of up to 8.15 grams of gold per tonne across 50 metres in the first of nine holes it drilled this year. Two weeks ago, assays from the following eight holes also showed gold, although with lesser grades averaging between one and 2.5 grams per tonne across solid intervals.

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