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by Stockwatch Business Reporter

New York spot gold fell $14.20 to $1,209.30 on Friday. The TSX Venture Exchange fell 15.64 points to 651.42 while the TSX Gold Index lost 2.11 points to 161.94.

Most Canadian gold miners followed bullion lower today. Detour Gold Corp. (DGC) lost 15 cents to $10.62 on 1.36 million shares. The company continues its battle with a dissident shareholder, Paulson & Co., which said in June that it was considering a fight for control of the company. The bickering continues. In mid-October, Detour said that Paulson had rejected a settlement offer. Paulson promptly countered, stating that the board had ignored its offer. Today, Paulson launched another salvo, posing 10 lengthy questions to the company's board, urging Detour's shareholders to "destroy the company's proxy form" if they do not get acceptable answers. Presumably, Detour's crew will respond in kind shortly.

Kenneth MacLeod's Sonoro Metals Corp. (SMO), down two cents to 16 cents on 138,000 shares, has received assays of up to 0.88 gram of gold and nine grams of silver per tonne over 39.6 metres at its Cerro Caliche project in Sonora, Mexico. The assays, from the first 13 holes of its 10,000-metre drill program, yielded comparable grades of precious metals across significant intervals in the other holes. This was no surprise, as the tests were sited to "support the veracity" of drilling completed by the company's predecessors, says Mr. MacLeod, president and chief executive officer.

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