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by Stockwatch Business Reporter
New York spot gold rose $6.90 Tuesday, closing at $1,760.70. The TSX Venture Exchange leapt 19.31 points, closing at 896.79, while the TSX gold index rose 3.30 points to 272.14. Most Canadian-listed gold miners gained ground today, leaving shareholders of Franco-Nevada Corp. pondering their company's $1.18 decline to $167.86 on 801,000 shares despite an absence of news. Iamgold Corp. (IMG) helped lead the advance. It rose 15 cents to $3.21 on 2.57 million shares, also unaided by news. New Gold Inc. (NGD) was also silent in the newsroom but noisy on the exchange: It jumped 13 cents to $1.64 on 4.57 million shares.
Andrew Pollard's Blackrock Silver Corp. (BRC) rose five cents to 84 cents on 353,000 shares on word of a 4.1-metre drill hit that averaged 9.07 grams of gold and 1,120 grams of silver per tonne within the DBP target at its Tonopah West project in Nevada. Much of the precious metals lay within a 0.9-metre zone that returned 20.85 grams of gold and 2,995 grams of silver per tonne. Most of the other assays were yawners, although one hole did manage 27.5 grams of gold and 1,537 grams of silver per tonne over 0.6 metre and another produced 3.1 grams of gold and 275.6 grams of silver per tonne over 4.6 metres.
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