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Gold Summary for Feb. 19, 2019

2019-02-19 19:56 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold rose $14.20 to $1,340.40 on Tuesday. The TSX Venture Exchange rose 6.12 points to 622.05 while the TSX Gold Index added 7.06 points to 197.33 Alio Gold Inc. (ALO) was strong, adding 13 cents to $1.30 on 506,000 shares. So was Yamana Gold Inc. (YRI), which rose 22 cents to $3.68 on 9.26 million shares.

Michel David's Walker River Resources Corp. (WRR), up five cents to 22 cents on 17.11 million shares, has received assays of up to 10.23 grams of gold per tonne over 19.9 metres from one of two holes drilled in the Lapon Rose zone at its Lapon Canyon gold project in southwestern Nevada. The high-grade hit was aided by a 1.5-metre interval that averaged 78.1 grams per tonne. That hole also yielded a second, slightly deeper interval that averaged 111.27 grams per tonne over three metres. The second hole produced just 1.02 grams of gold per tonne over 15.2 metres, but a second, slightly deeper interval yielded 93.5 grams per tonne over 1.5 metres.

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