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by Stockwatch Business Reporter

New York spot gold lost $49.80 Wednesday, pausing at $4,456.60. The TSX Venture Exchange fell 14.78 points to 986.90 while the TSX gold index lost 26.26 points to 845.53. Most precious metals miners moved lower today. Pan American Silver Corp. (PAAS) lost $2.60 to $73.84 on 1.73 million shares today, while New Found Gold Corp. (NFG) -- it just cannot sustain a rally these days -- dropped seven cents to $2.64 on 1.01 million shares. Majestic Gold Corp. (MJS) did hold its own, unchanged at 13 cents on 1.81 million shares today.

Roger Rosmus's Goliath Resources Ltd. (GOT) rose two cents to $1.64 on 353,000 shares on word that it is mobilizing for a major expansion drill program at its Surebet discovery, on the Golddigger property in the Golden Triangle district of British Columbia. The 50,000 metres of systematic drilling is fully financed, the company wants you to know -- Goliath is still a Howe Streeter after all -- with the work to focus on extending the footprint of the Bonanza zone, to grow the Golden Gate zone to the east, northeast and southwest, to expand Surebet to the west, and to test other gold-rich areas that remain open.

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