This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold fell $10.90 to $1,327.00 on Tuesday. The TSX Venture Exchange fell 11.31 points to 794.49 while the TSX Gold Index lost 4.51 points to 237.81. Canadian gold miners followed bullion lower, although the declines were generally modest. Alamos Gold Inc. (AGI) fell 42 cents to $10.49 on 1.52 million shares and Barrick Gold Corp. (ABX) fell 53 cents to $23.20 on 6.26 million shares.

Darin Labrenz's Pure Gold Mining Inc. (PGM), down two cents to 73 cents on 691,000 shares, has received assays of up to 126.6 grams of gold per tonne over 3.7 metres from the Austin zone at its Madsen project near Red Lake in Ontario. The company also received several assays from the McVeigh zone, which is the key to its plan for reopening the old mine, but the values were less impressive, ranging up to 9.5 grams of gold over 4.9 metres. Mr. Labrenz, president and chief executive officer, says the drilling establishes McVeigh as being analogous to the heavily mined Austin zone, although he quickly adds that the company is finding extensions to the known zones at Austin, as well as new, parallel zones.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS