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by Stockwatch Business Reporter

New York spot gold slipped $51 today, ending the day at $3,274.30. The TSX Venture Exchange dropped 7.45 points to 770.13 while the TSX gold index fell 12.53 points to 505.37. Most golds moved lower today. Iamgold Corp. (IMG) fell 27 cents to $9.34 on 2.49 million shares and Newmont Corp. (NGT) kept it company, dropping $1.85 to $86.27 on 450,000 shares. Some fought the malaise early, but Meridian Mining UK Societas (MNO) was among the few to last the day with a gain: It added one cent to 79 cents on 424,000 shares.

No week seems complete without another batch of high-grade encouragement from the Goldboro project in Nova Scotia being touted by Kevin Bullock's Nexgold Mining Corp. (NEXG). The headline hit among the latest batch of assays showed a 17.7-metre interval grading 40.09 grams of gold per tonne, aided by a 0.5-metre portion with an eye-popping 1,010 grams per tonne. In fact, there were three 0.5-metre bonanza-grade zones within a 3.5-metre run. Less those three zones, which averaged 451 grams per tonne, the other 16.2 metres of the interval ran just two grams of gold per tonne.

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