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by Stockwatch Business Reporter

New York spot gold rose $2.40 to $1,974.70 on Tuesday. The TSX Venture Exchange reclaimed 3.97 points to 522.90, while the TSX gold index added 0.12 point to 279.01. Most Canadian gold miners stayed close to home today. Lundin Gold Inc. (LUG) dipped 40 cents to $17.57 on 365,000 shares and SSR Mining Inc. (SSRM) added 15 cents to $19.76 on 521,000 shares. More active was Kinross Gold Corp. (K), which added seven cents to $7.42 on 5.49 million shares.

Not-yet-a-miner New Found Gold Corp. (NFG) cheers that trenching in the Keats Main zone on its Queensway project in Newfoundland "nears completion." Greg Matheson, chief operating officer, gushed that despite the incompleteness, this is "an incredible moment to witness, and it has not disappointed." Mapping, he enthuses, will provide a "plethora of information" -- and hopefully data that can move the market: New Found added 12 cents to $6.08 on just 85,000 shares on the news.

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