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by Stockwatch Business Reporter
New York spot gold dipped $7.90 Wednesday, closing at $1,766.20. The TSX Venture Exchange rose 5.65 points to 874.26 while the TSX gold index fell 1.88 points to 273.57. Most Canadian gold miners moved lower today. Franco-Nevada Corp. (FNV) slid $4.42 to $172.70 on 643,000 shares without any news to drive the retreat. Also silent, but going the other way, were Ero Copper Corp. (ERO), which added 65 cents to $22.65 on 457,000 shares, and New Found Gold Corp. (NFG), which added 14 cents to $7.12 on 372,000 shares.
Terry Harbort's Talisker Resources Ltd. (TSK) rose 1.5 cents to 28 cents on 302,000 shares on word that it has drilled a 62.05-metre interval averaging 1.98 grams of gold per tonne at its Bralorne project in the mountains of southwestern British Columbia. This new hole was drilled 600 metres northwest of an earlier hole that returned 0.8 gram per tonne over 220 metres. That whets the market's interest in a hole to come, which was drilled 200 metres farther to the northwest, and another, drilled 200 metres southeast of the latest test.
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