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by Stockwatch Business Reporter
New York spot gold lost $2.10 to $1,313.60 on Friday. The TSX Venture Exchange rose 5.59 points to 833.67 while the TSX Gold Index added 0.64 point to 183.93. Agnico Eagle Mines Ltd. (AEM) led Canadian gold miners higher today, adding 73 cents to $51.74 on 2.31 million shares. Guyana Goldfields Inc. (GUY) went the other way, dropping 14 cents to $5.04 on 2.71 million shares.
Brad Kitchen's Secova Metals Corp. (SEK), unchanged at 2.5 cents on 2.37 million shares, has received some encouraging assays from 21 grab samples collected at the Grenadier gold showing, two kilometres southeast of the Duvay zone on the Duvay-Chenier property in the Abitibi region of Quebec. The assays ranged as high as 7.29 grams of gold per tonne -- sufficiently encouraging, says Mr. Kitchen, chairman and chief executive officer, that Secova and its co-venturer, Laura Lee Duffett's Tres-Or Resources Ltd. (TRS: $0.055), plan a comprehensive channel sampling program within trenches to chase the higher-grade gold. Unfortunately, the tracks have gone cold since the first pursuers sampled up to 177.6 grams of gold in trenches back in the 1930s.
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