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by Stockwatch Business Reporter

New York spot gold lost $38.30 Monday, hitting the daily pause at $4,044.40. The TSX Venture Exchange tumbled 20.23 points to close at 859.65, while the TSX gold index lost 10.47 points to 732.12. Most Canadian golds stayed in their comfort zones today. Aris Mining Corp. (ARIS) bucked the trend, adding 18 cents to $15.93 on 1.25 million shares, while B2Gold Corp. (BTO) fell 14 cents to $5.64 on 14.49 million shares -- both moving in silence.

PJ Murphy's Forge Resources Corp. (FRG) forged northward on word that it has drilled a 1.25-metre zone grading 105 grams of gold per tonne in the Payoff zone of its Alotta project in Yukon. This was a rush job at the lab, requested after the company eyeballed gold in the zone. Results for silver and copper are pending, as are assays for the rest of this hole and others drilled in the phase II drill program.

Forge has now tested Payoff with five holes, including two in 2023. One of those delivered 0.46 gram of gold per tonne across 211.7 surface-based metres, while one of the three drilled earlier this year produced 0.45 gram of gold per tonne across 53.22 metres. All five holes, the company enthuses, hit sulphide mineralization over extensive lengths, with occasional veins within. Those veins, Forge beams, are an important contributor to the overall gold grade, as today's result suggests.

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