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by Stockwatch Business Reporter
New York spot gold gained $5.20 to $1,289.20 on Tuesday. The TSX Venture Exchange fell 4.56 points to 825.14 while the TSX Gold Index rose 0.95 point to 221.04. Detour Gold Corp. (DGC) helped lead the way. It gained 27 cents to $17.94 on 2.37 million shares.
Osisko Gold Royalties Ltd. (OR: $15.34) and Eric Sprott's Barkerville Gold Mines Ltd. (BGM) dropped 16 cents to $1.01 on 5.86 million shares. Barkerville had jumped 25 cents to $1.17 Monday on assays of up to 19.2 grams of gold over 54.4 metres from its latest drilling at Island Mountain at its Cariboo gold project in British Columbia. A second hole among the seven currently completed also produced a promotable interval: 11.42 grams per tonne across 28.55 metres. Chris Lodder, president and chief executive officer, says that those two holes are "widely separated intercepts that cannot be confidently corroborated" by other pierce points, so the geometry and true width of the potential zone "cannot be assuredly concluded" for now.
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