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by Stockwatch Business Reporter

New York spot gold jumped $28.20 Thursday, ending the day at $1,764.60. The TSX Venture Exchange followed suit, adding 14.16 points to close at 938.82 while the TSX gold index surged 12.41 points to 310.07. Most Canadian gold miners leapt higher on bullion's rally, with Yamana Gold Inc. (YRI) gaining 27 cents to $5.95 on 5.1 million shares and Pan American Silver Corp. (PAAS) rising $2.05 to $42.70 on 1.05 million shares.

Kristina Walcott's Freegold Ventures Ltd. (FVL) added seven cents to 77 cents on 1.11 million shares on word that it has drilled a 220-metre interval averaging 1.61 grams of gold per tonne in one of two holes testing the Cleary zone at its Golden Summit project in central Alaska. A 98-metre portion of that interval averaged 3.07 grams per tonne, and while both results were padded by a 1.7-metre zone that averaging 588 grams of gold per tonne, Ms. Walcott, president and chief executive officer, was quick to point out that the longer intervals included just a bit of that bonanza-grade hit, as it was cut to just 88 grams per tonne.

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