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by Stockwatch Business Reporter
New York spot gold slid $27.90 on Wednesday, pausing at $3,735.20. The TSX Venture Exchange was nevertheless up 2.27 points to 915.12, but the TSX gold index lost 15.55 points to 700.95. Easy come, easy go: Orosur Mining Inc. (OMI) jumped 13 cents to 58 cents on 1.11 million shares Tuesday, but today it shed 13.5 cents to 44.5 cents on 1.34 million shares. Neither of its moves had support from news. Elsewhere, Minera Alamos Inc. (MAI) added 5.5 cents to 41.5 cents on 15.68 million shares, also in silence, but equally mum Lundin Gold Corp. (LUG) lost $4.54 to $85.42 on 1.81 million shares.
Scott Berdahl's Snowline Gold Corp. (SGD) was back in the news today, touting new results from its Rogue and Einarson projects in eastern Yukon. The news sent its stock down a could-have-been-worse three cents to $10.45 on 231,000 shares today. The headline hit came from Jupiter, on Einarson, where a 550-metre northward stepout returned 2.6 grams of gold per tonne across 5.5 metres. A second hole at Jupiter, drilled to test for continuity between earlier holes, did its job, returning 6.82 grams per tonne across nine metres. Four other holes were drilled but they failed to return gold, although three were drilled beyond the main trend.
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