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by Stockwatch Business Reporter

New York spot gold gained $2.50 to $1,251.30 on Tuesday. The TSX Venture Exchange slipped 0.02 point to 804.12 while the TSX Gold Index dropped 6.35 points to 208.87. Agnico Eagle Mines Ltd. (AEM) led the decline. It fell $2.09 to $57.62 on 857,000 shares, although Goldcorp Inc. (G) took a tumble as well, dropping $1.48 to $19.98 on 13.57 million shares.

Murray Nye's Winston Gold Mining Corp. (WGC), down one cent to seven cents on 1.47 million shares, has received assays of up to 26.5 grams of gold and 97.71 grams of silver per tonne over a 0.30-metre interval at its Winston gold project near Helena in west-central Montana. The assays, from another six holes drilled on the project, extend the strike length of the Block 93 vein farther to the west. Mr. Nye, chief executive officer, says the assays show the vein has significant vertical and horizontal extent. (He is using an optimistic interpretation of significant, at least when it comes to the vertical extent, as most of the intervals were narrow. Indeed, Winston preferred to mention the intervals as whole "feet," more so than as mere fractions of metres -- "inches" apparently being too big a promotional stretch.)

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