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by Stockwatch Business Reporter
New York spot gold fell $3.90 to $1,345.30 on Thursday. The TSX Venture Exchange lost 0.50 point to 802.10 while the TSX Gold Index added 0.69 point to 192.01. Agnico Eagle Mines Ltd. (AEM) led Canadian gold miners lower. It fell $1.22 to $56.23 on 924,000 shares. China Gold International Resources Corp. (CGG) was strong. It added 21 cents to $2.70 on 459,000 shares.
Thomas Clay's Golden Queen Mining Co. Ltd. (GQM), unchanged at 18.5 cents on 312,000 shares, has received assays of up to 1.61 grams of gold and 30.9 grams of silver per tonne over a true thickness of 5.7 metres from its Soledad Mountain gold and silver project in the Mojave region of California. The assays are from seven additional holes completed as part of the company's infill drilling program at the Main Pit area. Mr. Clay, chairman and chief executive officer, and his crew say that the other holes also intersected "locally significant" gold and silver mineralization -- a Howe Street antonym for "particularly significant" -- associated with the Patience, Karma, Independence and Queen Esther zones, adding that the deeper Silver Queen target was encountered in every hole.
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