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by Stockwatch Business Reporter

New York spot gold jumped $80.70 Thursday, taking a break at $4,343.70. The TSX Venture Exchange jumped 23.51 points to 919.61, while the TSX gold index added 31.34 points to 957.08. Most precious metals miners moved higher, several doing so with quiet enthusiasm. Avino Silver & Gold Mines Ltd. (ASM) added 46 cents to $8.80 on 1.59 million shares, while Capstone Copper Corp. (CS) added 72 cents to $14.22 on 6.83 million shares.

There was a torrent of new assays as promoters hurried their news to investors ahead of who-cares-day -- the last Friday of summer. Paul Andre Huet's Americas Gold and Silver Corp. (USA) jumped 68 cents to $7.09 on 2.58 million shares on "some of the best grade-widths drilled to date at the Cosala complex" in Mexico. The headline hit produced 654.7 grams of silver and 0.5 gram of gold per tonne, plus 1.5 per cent copper.

Having trotted close to a regulatory no-go zone, the company then tiptoed to the brink, cheering that "on a gram-metre basis these intercepts are comparable with some of the best silver intercepts drilled anywhere in Mexico over the past year" -- but leaving the calculating to investors. (The regulators frown upon touting gram-metre calculations in which grades are multiplied by intercept lengths.)

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