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by Stockwatch Business Reporter
New York spot gold rose $2.50 to $1,333.10 on Monday. The TSX Venture Exchange added 18.14 points to 898.58 while the TSX Gold Index lost 0.56 point to 197.08. Torex Gold Resources Inc. (TXG) led Canadian gold miners lower today, dropping 37 cents to $12.09 on 377,000 shares. Tahoe Resources Inc. (THO) had a good day, gaining 12 cents to $5.68 on 2.92 million shares.
Elgin Wolfe and Quentin Yarie's Red Pine Exploration Inc. (RPX), unchanged at eight cents on 1.56 million shares, has received assays of up to 5.28 grams of gold per tonne over 15 metres at its Wawa gold project in Northern Ontario. That hit, which included a 1.3-metre subinterval that averaged 22.76 grams per tonne and another one-metre subinterval averaging 12.01 grams per tonne, tested the Jubilee shear zone. The assays are from another four holes drilled in the company's 20,000-metre program, completed last fall. A second hole produced 15.06 grams per tonne across 1.9 metres within a five-metre interval that averaged 6.25 grams per tonne in the Minto Mine South zone. A third hole produced 11.6 grams per tonne across 1.3 metres in the Minto Stockwork zone.
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