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by Stockwatch Business Reporter

New York spot gold lost $7.10 to $1,170.00 on Monday. The TSX Venture Exchange gained 1.76 points to 751.13 while the TSX Gold Index lost 0.83 point to 193.41. Torex Gold Resources Inc. (TXG) gained 59 cents to $21.49 on 701,000 shares while Richmont Mines Inc. (RIC) fell 19 cents to $8.60 on 773,000 shares.

Robert Giustra's Columbus Gold Corp. (CGT), down six cents to 55 cents on 159,000 shares, has a maiden resource estimate for its Eastside gold and silver project in southern Nevada. Using a 0.15-gram-per-tonne cut-off, the deposit hosts 35.78 million tonnes inferred at 0.57 gram of gold and 3.5 grams of silver per tonne, a total of 721,000 ounces of gold equivalent. Mr. Giustra, chairman and chief executive officer, says that the volume of mineralization "is known to be much larger" than what is contained within the pit shell, with only about half of the material identified through drilling currently included in the resource.

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