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by Stockwatch Business Reporter

New York spot gold added $60.80 Wednesday, taking its afternoon break at $5,085.60. The TSX Venture Exchange rose 3.52 points to 1,035.72 while the TSX gold index added 25.2 points to 1,002.04. Most Canadian golds were lighter than air today, with Robex Resources Inc. (RBX) rising 53 cents to $6.78 on 311,000 shares and Silvercorp Metals Inc. (SVM) adding 82 cents to $15.56 on 2.27 million shares. New Found Gold Corp. (NFG) was downward bound most of the day, but it recovered late to end the day up four cents to $4.02 on 2.2 million shares.

Cynthia Le Sueur-Aquin's Laurion Mineral Exploration Inc. (LME) added one-half cent to 23.5 cents on 237,000 shares on word that it has intersected high-grade gold and polymetallic mineralization in the A-zone corridor of its Ishkoday project, in the Geraldton area of Northwestern Ontario. The headline hit among the first two of eight holes drilled late last year returned a 2.04-metre intercept at depth that graded 2.63 grams of gold and 2.38 grams of silver per tonne, along with 0.17 per cent zinc and 0.02 per cent copper. There were several other hits within the two holes -- generally narrower and with lesser grades -- numbers that suggest that one promoter's high-grade hit is a bust to at least some investors.

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