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by Stockwatch Business Reporter

New York spot gold took another hit Friday, dropping $43.40 to $3,196.10 after briefly touching $3,500 barely three weeks ago. The TSX Venture Exchange rose 5.39 points to 672.84 while the TSX gold index added 0.03 point to 450.23. Most gold miners listed in Canada moved lower today, especially those with a copper component to their story. Lundin Mining Corp. (LUN) fell 29 cents to $12.31 on 7.19 million shares while Endeavour Silver Corp. (EDR) dropped 12 cents to $4.55 on 1.45 million shares.

Kevin Bullock's Nexgold Mining Corp. (NEXG) rose one cent to 73 cents on 654,000 shares on word that infill drilling at its Goldboro project in Nova Scotia has intersected "new zones of gold mineralization." The three-rig, 25,000-metre drill program, expected to continue into late June, had been designed to infill areas within the open-pittable resource. The company now says that some of the holes "confirm [its] interpretation that broader zones of gold mineralization do exist where only narrow zones of mineralization were previously sampled."

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