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by Stockwatch Business Reporter
New York spot gold gained $7.70 to $1,238.00 on Tuesday. The TSX Venture Exchange fell 11.50 points to 572.13 while the TSX Gold Index rose 2.34 points to 169.16. Agnico Eagle Mines Ltd. (AEM) followed bullion higher today, adding $1.34 to $48.69 on 1.32 million shares. Osisko Gold Royalties Ltd. (OR) went the other way, dropping 25 cents to $9.75 on 714,000 shares.
Simon Ridgway's Radius Gold Inc. (RDU), up three cents to 12.5 cents on 1.92 million shares, has received assays of up to 7.08 grams of gold and 517 grams of silver per tonne over 26 metres from drilling at its Amalia precious metals project in Chihuahua, Mexico. The assays, from five holes that tested the Campamento-San Pedro structural corridor, hit lesser amounts of gold over generally shorter intervals. (A second hole yielded 2.28 grams of gold and 521 grams of silver per tonne over one metre and a third produced 0.3 gram of gold and 65 grams of silver per tonne over 30 metres.)
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