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by Stockwatch Business Reporter

New York spot gold retreated $84.90 Tuesday, pausing at $5,142.50. The TSX Venture Exchange added 14.28 points to 1,065.30 while the TSX gold index gained 12.26 points to 1,064.76. Orosur Mining Inc. (OMI) took it on the chin, dropping 5.5 cents to 51 cents on 811,000 shares in silence, while B2Gold Corp. (BTO) jumped 50 cents to $8.35 on 22.76 million shares and Taseko Mines Ltd. (TKO) added 68 cents to $11.52 on 3.55 million shares.

Ari Sussman's Collective Mining Ltd. (CNL) jumped $2.92 to $27.13 on 489,000 shares on word that it has drilled a 54.55-metre zone grading 7.04 grams of gold and 16 grams of silver per tonne in the high-grade Ramp zone at the base of the Apollo system, on the company's Guayabales property in Colombia. The hit, which occurred at depth, was observed in still partial results from the latest hole at Apollo.

The interval included a 17.85-metre portion at the end of the zone that averaged 11.37 grams of gold and 22 grams of silver per tonne. Better yet, the mineralization appears to continue at depth, as assays for the deeper parts of the hole are still trickling in. (The deepest individual one-metre assay received so far ran 26.7 grams of gold per tonne, so Collective is champing at the bit to get the rest of the results.)

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