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by Stockwatch Business Reporter

New York spot gold rose $58.10 Tuesday, taking a break at $5,194.10. The TSX Venture Exchange jumped 26.11 points to 1,089.54 while the TSX gold index rose 10.74 points to 993.04. Starcore International Mines Ltd. (SAM) helped drive the advance by adding nine cents to 99 cents on 864,000 shares. Jaguar Mining Inc. (JAG), just $7.57 yesterday, rebounded $1.20 to $9.21 on 783,000 shares. Aya Gold & Silver Inc. (AYA) also did well, adding 85 cents to $24.60 on 1.66 million shares.

Roger Rosmus's Goliath Resources Ltd. (GOT) rose five cents to $1.98 on 833,000 shares on word that it has acquired the remaining 51-per-cent interest in the Golddigger project in northwestern British Columbia. The optioners, led by J2 Syndicate Holdings Ltd., received three million Goliath shares under the terms of a deal amended earlier this year.

Mind you, Goliath is not fully free and clear: Not only do the optioners hold a 1-per-cent net smelter royalty, Goliath must also leap some hurdles along the way. It must publish a resource estimate before mid-2030 and update that calculation every three years. Further, Goliath must pay the optioners $1 (U.S.) for every ounce of gold equivalent delineated above four million ounces.

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