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by Stockwatch Business Reporter

New York spot gold rose $11.80 Tuesday, closing at $2,515.80. The TSX Venture Exchange dropped 1.69 points to 571.34 while the TSX gold index rose 3.35 points to 374.57. Most Canadian gold miners stayed close to home today, but a few were more adventurous. On the rosier side, Wheaton Precious Metals Corp. (WPM) managed a $1.48 gain to $84 on 1.36 million shares without benefit of news. K92 Mining Inc. (KNT) helped lead the retreat, with a 15-cent drop to $7.86 on 1.8 million shares.

Corwin Coe's Sitka Gold Corp. (SIG) closed unchanged at 19.5 cents on 632,000 shares. The company said late Monday that it has received assays of up to 1.1 grams of gold per tonne across 291.5 metres at its RC project, east of Dawson city in central Yukon. That deep hit included a richer subinterval that ran 2.61 grams per tonne across 34.5 metres. Assays from three other holes with assays today also delivered encouragement, although with lesser grades over narrower intervals. (The also-ran hole delivered 0.64 gram per tonne across 206 metres.)

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