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by Stockwatch Business Reporter

New York spot gold fell $9.70 Wednesday, closing at $2,458.40. The TSX Venture Exchange lost 10.97 points to 588.17 while the TSX gold index retreated 5.13 points to 359.54. Most Canadian gold miners retreated today, although Altius Minerals Corp. (ALS) did add 24 cents to $21.31 on 60,000 shares. Aris Mining Corp. (ARIS) helped lead the retreat with a 49-cent fall to $5.87 on 1.35 million shares on word it produced nearly 100,000 ounces of gold in the first half of the year. Aya Gold & Silver Inc. (AYA) kept it company, but silently, as it fell 89 cents to $15.07 on 594,000 shares.

Martin Pawlitschek's Sanu Gold Corp. (SANU) rose one-half cent to five cents on 169,000 shares on word it has mapped "significant geophysical targets" on its Diguifara project in the Siguiri district of Guinea. The company was over the moon with its finds, seemingly unsure of what to tout first: There are significant gold trends at three undrilled targets, Sanu first enthused, adding that the features are supported by "widespread gold at surface" -- support offered by everything from high-grade chip samples to gold-bearing soil lugged to the surface by industrious termites. The company also applauded the size and scale of the targets as identified through the geophysics, and it highlighted Diguifara's "blue-chip address."

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