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by Stockwatch Business Reporter

New York spot gold rose $26.90 on Friday, closing at $2,330.80. The TSX Venture Exchange dropped 1.11 points to 574.09 while the TSX gold index added 1.39 points to 308.99. Most Canadian gold miners meandered along a path of their own making today. Oceanagold Corp. (OGC) rose seven cents to $3.23 on 3.59 million shares, while Lundin Mining Corp. (LUN) fell 13 cents to $14.70 on 2.49 million shares.

Alexander Stares's Metals Creek Resources Corp. (MEK) lost one-half cent to two cents on 215,000 shares on word it has drilled a 40-metre interval grading 0.33 gram of gold per tonne in the Echo zone at its Shabaqua Corners project in Northwestern Ontario. The low-grade but near-surface interval was bolstered by a 21-metre section that graded 0.48 gram per tonne. A second of the five holes drilled yielded 0.37 gram of gold per tonne over 28 metres, with a three-metre subinterval grading 1.09 grams per tonne. Two other holes returned lower grades, and one failed to intersect gold.

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