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by Stockwatch Business Reporter

New York spot gold fell $111 Tuesday, sitting at $4,029 as North American stock markets closed. The TSX Venture Exchange tagged along, falling 14 points to 822 today while the TSX gold index shed 42.27 points to 886.60. Precious metals miners moved lower today, most in unison. Silver X Mining Corp. (AGX), down eight cents to 70 cents on 1.03 million shares, and Americas Gold and Silver Corp. (USA), down 40 cents to $4.26 on 1.83 million shares, were among those making larger southbound moves on the quiet.

Christo Stemmet's Sun Valley Minerals Inc. (SUNV) jumped eight cents to 83 cents on 691,000 shares on word that it has trenched a 23.5-metre interval grading 10.03 grams of gold per tonne at its Taruman gold and silver project in Uruguay. The average grade of that trench got a boost from an 8.7-metre portion that ran 24.02 grams per tonne. That trench was dug in the central area of a large gold-in-soil anomaly.

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