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by Stockwatch Business Reporter

New York spot gold rose $2.60 to $1,310.40 on Tuesday. The TSX Venture Exchange rose 3.96 points to 612.22 while the TSX Gold Index dipped 1.98 points to 188.71. Oceanagold Corp. (OGC) traded busily, adding three cents to $4.13 on 4.46 million shares thanks to new assays from its New Zealand-based Wharekirauponga project, which it mercifully shortens to WKP. The new assays included a 10-metre hit averaging 43.37 grams of gold and 59.5 grams of silver per tonne. There were plenty of other high-grade hits that should augur well for the company's maiden resource estimate for WKP, expected later this year.

Ari Sussman's Continental Gold Inc. (CNL), up 12 cents to $2.29 on 816,000 shares, has received assays of up to 88.9 grams of gold and 13 grams of silver per tonne over 19.9 metres from the Yaragua system at its Buritica gold project in Colombia. The assays are from 12 new holes, 10 of which targeted the broad mineralized zone (BMZ). The glittering hit occurred on the western flank of the BMZ, at depth, but there was plenty of assay encouragement from the other holes, including three that tested the eastern edge of the plunge, which had not previously been drilled.

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