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by Stockwatch Business Reporter

New York spot gold leapt another $23.70 to $1,642.90 on Friday. The TSX Venture Exchange rose 1.37 points to 582.55 while the TSX Gold Index jumped 8.66 points to 282.93. With bullion up sharply, gainers dominated the Canadian gold sector today, although shareholders of Osisko Gold Royalties Ltd. (OR) missed out on the fun: Osisko lost 12 cents to $13.79 on 1.39 million shares. Eldorado Gold Corp. (ELD), which reported late yesterday that it earned $73.7-million (U.S.) in 2019, leapt $3.10 to $13.10 on 9.41 million shares.

Donald McInnes and Mark O'Dea's Sun Metals Corp. (SUNM), up one cent to 11 cents on 3.47 million shares, plans a $3.8-million, 12,000-metre drill program at its Stardust project in north-central British Columbia. The work will start in late spring, presumably once the snow melts, with three rigs to take part in the program that seeks to grow the high-grade 421 zone while exploring for additional thick, high-grade, massive sulphide zones elsewhere on the project. Stardust hosts a 2,200-metre corridor of mineralization that the company thinks could host large, high-grade deposits.

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