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by Stockwatch Business Reporter

New York spot gold rose $3.50 to $2,159.10 on Monday. The TSX Venture Exchange lost 1.58 points to 549.32 while the TSX gold index dipped 1.18 points to 273.75. Wesdome Gold Mines Ltd. (WDO) helped lead the advance today, adding 10 cents to $9.77 on 592,000 shares. Franco-Nevada Corp. (FNV) was strong, as it rose $2.76 to $157.73 on 796,000 shares. Southbound today was Endeavour Silver Corp. (EDR), which lost 15 cents to $2.85 on 1.46 million shares.

Ian Harris's Outcrop Silver & Gold Corp. (OCG) was unchanged at 18.5 cents on 1.22 million shares on word it will start a new drill program on its Santa Ana high-grade silver project in Colombia next month. The new effort will seek to expand resources in areas previously identified with potential. It will also target new areas along the more than 18 kilometres of strike currently permitted for drilling.

The plan calls for holes along strike and downdip at El Dorado, where the existing mineralization can be extended, as the company targets veins not included in last year's maiden resource estimate. As well, holes at Aguilar-Guadual and Los Mangos are planned, based on numerous high-grade channel samples obtained there. The goal is to highlight the potential for substantial resource growth -- or to "underscore the scalability of the Santa Ana project" as expressed in promoterese.

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