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by Stockwatch Business Reporter

New York spot gold added $16.10 by Wednesday afternoon, pausing at $4,140.30. The TSX Venture Exchange added 2.54 points to 848.54 while the TSX gold index gained 4.48 points to 868.90. West Red Lake Gold Mines Ltd. (WRLG) was up yesterday but down today, falling two cents to 70 cents on 2.79 million shares. Also moving southward in silence was China Gold International Resources Corp. (CGG), which lost $1.17 to $35.33 on 189,000 shares. Galiano Gold Inc. (GAU), on the other hand, added five cents to $3.20 on 597,000 shares.

Well, that left a mark: Michelle DeCecco's Kairos Gold Inc. (KIRO) slumped 21 cents to 40 cents on 958,000 shares on assays from the first two holes of a phase III program at its Oro Brillante project in Chile. The first hole was a dud, but the second mustered enough zones to chew up more than a third of the alphabet: Zone A yielded 1.06 grams of gold and 24.2 grams of silver across 10 near-surface metres, while Zone G averaged just 0.12 gram of gold and 7.3 grams of silver per tonne across 130.5 metres, but with 0.43 per cent copper.

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