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by Stockwatch Business Reporter

New York spot gold fell $1.40 to $1,277.60 on Thursday. The TSX Venture Exchange gained 3.76 points to 657.13 while the TSX Gold Index added 6.05 points to 219.12. Canadian gold stocks were strong today, with Detour Gold Corp. (DGC) gaining $1.13 to $27.88 on 2.00 million shares and Yamana Gold Inc. (YRI) adding 39 cents to $5.77 on 14.51 million shares.

John McConnell's Victoria Gold Corp. (VIT), up one cent to 35 cents on 1.65 million shares, has received assays of up to 2.1 grams of gold per tonne over 38.1 metres from the Olive-Shamrock zone at its Dublin Gulch gold project in central Yukon. The assays are from the first nine holes drilled this year at Olive-Shamrock and all but one yielded at least one gram of gold per tonne over significant intervals. The 2016 drilling at Olive-Shamrock began in March and a total of about 60 holes are planned. The zone has previously been tested along a strike length of 1,500 metres and a width of 300 metres; the current $3.6-million program is concentrating on an area 500 metres long and 300 metres wide.

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