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by Stockwatch Business Reporter

New York spot gold rose $0.70 to $1,709.30 on Monday. The TSX-V moved higher, adding 12.77 points to 597.20 while the TSX gold index dipped 0.07 point to 245.38. Most Canadian gold miners moved higher today, led by Alamos Gold Inc. (AGI), which added 30 cents to $9.49 on 1.97 million shares, and Kinross Gold Corp. (K), which rose 14 cents to $4.15 on 11.71 million shares. Not all gained ground: New Found Gold Corp. (NFG) continued to lag, dropping 19 cents to $5.02 on 281,000 shares.

Jared Scharf's Desert Gold Ventures Inc. (DAU) rose one cent to 8.5 cents on 31,000 shares on word that it has drilled a 45-metre interval averaging 12.41 grams of gold per tonne in a metallurgical hole into the Barani East deposit at its SMSZ project in southwestern Mali. This was a metallurgical test, remember, so gold was expected, but the company says the grade was higher than anticipated, nearby holes having returned 7.82 grams per tonne over 13 metres and 5.66 grams per tonne over 16 metres and 1.5 grams per tonne over 25 metres.

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