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by Stockwatch Business Reporter
New York spot gold gained $3.30 to $1,348.30 on Thursday. The TSX Venture Exchange slid 20.64 points to 843.71 while the TSX Gold Index lost 0.46 point to 194.01. Torex Gold Resources Inc. (TXG) led Canadian gold miners lower today, dropping 21 cents to $12.48 on 802,000 shares. Premier Gold Mines Ltd. (PG) was strong, gaining seven cents to $3.54 on 427,000 shares.
Sonny Janda and Jared Scharf's Desert Gold Ventures Inc. (DAU), down 1.5 cents to 22.5 cents on 175,000 shares, has received assays of up to 0.92 gram of gold per tonne across 22 metres from its fall drill program at Segala West in western Mali. The assays are from a 60-hole program of primarily short holes, spanning a total of 4,356 metres. The drilling tested three new artisanal zones, Baroya, Baroya North and Yatia West, as well as the area beneath a large artisanal open-pit on the Segala West trend. The best hit occurred at Baroya NW, just west of Baroya North, but the company also made new finds at Yatia NW, with assays of 7.13 and 7.16 grams of gold per tonne in two separate zones, each spanning one metre. Desert Gold also hit 0.88 gram per tonne across eight metres at Baroya North.
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