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by Stockwatch Business Reporter

New York spot gold soared $63.20 on Monday, reaching $3,747.20 at the afternoon pause. The TSX Venture Exchange added 17.53 points to 922.33 while the TSX gold index leapt 18.71 points to 714.18. Barrick Mining Corp. (ABX) jumped $3.39 to $48.94 on 22.01 million shares and Endeavour Silver Corp. (EDR) added $1.48 to $10.81 on 5.89 million shares.

It would not seem like a new week without another batch of assays from Roger Rosmus's Goliath Resources Ltd. (GOT). The headline hit produced 5.13 grams of gold per tonne across 12 metres, with a 3.35-metre subinterval running 17.2 grams per tonne. The intercept came from one of six new holes drilled into the Surebet area of the company's Golddigger property in northwestern British Columbia. A second hole managed 6.09 grams per tonne across five metres, with most of the gold sitting in a three-metre portion running 10.13 grams per tonne.

Mr. Rosmus, chief executive officer, was duly enthused. "Evidence that we have made one of the most important grassroots high-grade gold discoveries in the Golden Triangle ... is building with each new drill hole," he gushed. "We often hear the saying in mining [that] 'grade is king,' when in reality it is truly grade and continuity that are king," he opined. Mr. Rosmus pointed to his maps showing widespread gold visible to the naked eye across "an astounding area" as showing remarkable continuity. That, he glows, "leads to predictability that has been established since very early in our success at the Surebet discovery."

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