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by Stockwatch Business Reporter

New York spot gold closed up $5.10 to $1,110.90 Thursday. The TSX Venture Exchange fell 1.07 points to 549.28 while the TSX Gold Index edged down 0.13 point to 118.29. Most Canadian gold miners lost ground today, but Agnico Eagle Mines Ltd. (AEM) managed to post a gain of 29 cents, closing at $18.85 on 1.26 million shares. Iamgold Corp. (IMG) took the biggest hit, dropping 13 cents to $1.92 on 1.91 million shares, while Barrick Gold Corp. (ABX) dropped seven cents to $8.22 on 4.93 million shares.

Terrence King's Goldstrike Resources Ltd. (GSR), up one-half cent to 13 cents on 990,000 shares, has received assays of up to 13.25 grams of gold per tonne over 17.5 metres, including a 5.7-metre zone that averaged 35.28 grams per tonne, at Goldstack on its Plateau property in central Yukon. Assays from two other Goldstack holes and eight from Gold Dome, 17 kilometres to the east, were also encouraging. Trevor Bremner, director, says Plateau hosts "a significant original discovery with district-scale potential."

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