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by Stockwatch Business Reporter

It just keeps going. New York spot gold gained another $49.80 Monday, pausing for air at $3,635.10. The TSX Venture Exchange rose 6.68 points to 863.93, while the TSX gold index tacked on another 8.72 points to 652.22. Silver X Mining Corp. (AGX), a 29-center at the end of August, had another good day, as it added eight cents to 53 cents on 7.19 million shares. Last Thursday, the company applauded a dreamy preliminary study of its Nueva Recuperada project in Peru. Starcore International Mines Ltd. (SAM) also did well, adding 5.5 cents to 33 cents on 1.5 million shares in silence. China Gold International Resources Corp. (CGG), on the other hand, lost 53 cents to $21.36 on 88,000 shares.

Eric Sprott's New Found Gold Corp. (NFG) looks to grow a bit larger once again, with word that it has a deal to acquire nearly 60,000 hectares of claims in north-central Newfoundland that would expand its Queensway project by about one-third, to 234,000 hectares. To do so, the company will issue up to 3.55 million shares to the current owner, Jeff Swinoga and Mr. Sprott's Exploits Discovery Corp. (NFLD). (Ownership of 9,000 of those hectares is currently disputed, so 725,000 of the shares to be issued are conditional, pending resolution of the title. As well, shareholders of Exploits must approve the full deal, but they appear pleased, as Exploits added one cent to six cents on 3.58 million shares today. New Found's shareholders are happier, as their stock added 13 cents to $2.60 on 5.42 million shares today.)

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