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by Stockwatch Business Reporter
New York spot gold slipped $3.50 to $1,317.20 on Friday. The TSX Venture Exchange rose 0.14 point to 622.86 while the TSX Gold Index dropped 1.60 points to 189.88. Most Canadian gold miners lost ground today, although Eldorado Gold Corp. (ELD) bucked the trend, gaining 30 cents to $5.22 on 3.76 million shares. On Thursday, Eldorado added $1.06 to $4.92 on 4.79 million shares on word that it will keep heap leaching gold at its Kisladag mine in Turkey, rather than add a milling circuit. The market liked the lower costs of the new (or, more correctly, the old) plan.
Darren Blaney's American Creek Resources Ltd. (AMK), up one-half cent to three cents on 3.88 million shares, has a new gold zone at its Treaty Creek project in the Golden Triangle district of northwestern British Columbia. This is not a new discovery, mind you, just a new interpretation of old data from drilling over the past three years. (American Creek holds a 20-per-cent-carried interest in the project, as does Dino Cremonese's Teuton Resources Corp. (TUO: $0.13). The company operating the project and paying the bills until a production notice is given, Walter Storm's Tudor Gold Corp. (TUD: $0.295), holds a 60-per-cent interest.)
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