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by Stockwatch Business Reporter

New York spot gold fell $113 Thursday, sitting at $3,874 as North American stock markets closed, pushing bullion to a 13-month low. The TSX Venture Exchange dropped 14 points to 803, while the TSX gold index lost 34 points to 838. Most precious metals miners lost ground today. West Red Lake Gold Mines Ltd. (WRLG) fell four cents to 52 cents on 2.49 million shares, and word of continuing operational woes sent Capstone Copper Corp. (CS) down 75 cents to $10.74 on 13.73 million shares.

Robert McLeod's Cambria Gold Mines Inc. (CAMB) lost two cents to 58 cents on 1.27 million shares on word that it has drilled a 7.5-metre zone averaging 10.32 grams of gold and 22.2 grams of silver per tonne in one of 18 new holes at its Premier project in northwestern British Columbia. The intercept was enhanced by a 2.7-metre subinterval that held 18.01 grams of gold per tonne.

The infill drill program also returned a 15-metre hit that ran 6.66 grams of gold per tonne, most of it within a three-metre stretch that graded 28.11 grams per tonne. There was also a 14.6-metre strike with 4.08 grams of gold and 8.6 grams of silver per tonne, also with high-grade subintervals. That last hit was drilled from surface -- the other headliners were drilled from underground.

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