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by Stockwatch Business Reporter

New York spot gold fell $10.10 to close at $2,612.30 on Monday while the TSX Venture Exchange rose 3.07 points to 589.84 and the TSX gold index added 0.3 point to 340.84. Most Canadian gold miners traded listlessly today. Lundin Mining Corp. (LUN) did add 12 cents to $12.47 on 2.6 million shares without help from recent news, while New Found Gold Corp. (NFG) lost eight cents to $2.26 on 421,000 shares, also in silence.

Brodie Sutherland's Tocvan Ventures Corp. (TOC) jumped 4.5 cents to 52 cents on 43,000 shares. The company and Ian McGavney's Colibri Resource Corp. (CBI), its co-venturer on the Pilar gold and silver project in Sonora, Mexico, will start a drill program on the project just after New Year's Day. The 1,250-metre effort will focus on the Main zone target, seeking data to allow Tocvan's crew to build "a robust geological model" that will in turn be used to aid the calculation of an "upcoming maiden resource estimate" for the project.

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