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Gold Summary for Sept. 17, 2024

2024-09-17 18:30 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $12.80 Tuesday, closing at $2,569.20. The TSX Venture Exchange added 0.3 point to 582.35 while the TSX gold index dropped 1.83 points to 373.56. Calibre Mining Corp. (CXB) did well, adding seven cents to $2.69 on 10.6 million shares without benefit of news, but equally silent GoGold Resources Inc. (GGD) was a laggard, losing eight cents to $1.26 on 693,000 shares.

Brian Hinchcliffe's North Peak Resources Ltd. (NPR) closed unchanged at 97 cents on 1,000 shares on word it has drilled an 18.3-metre surface-based interval grading 2.88 grams of gold and 60.6 grams of silver per tonne. The hit came from one of the last five holes of a 27-hole drill program in the Prospect Mountain North area at its Prospect Mountain project in Nevada.

The hit extended the mineralization westward in the Silver Connor Shaft area, as the hole had been drilled toward the northwest. In mid-August, assays from a hole drilled from the same site, but toward the southwest, yielded 1.06 grams of gold and 12.26 grams of silver per tonne over 126.5 metres, again starting from surface. That strike began with a 12.2-metre stretch that averaged 4.2 grams of gold and 71.04 grams of silver per tonne.

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