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by Stockwatch Business Reporter

New York spot gold jumped $27.10 to $3,083.70 on Friday. The TSX Venture Exchange lost 6.79 points to 633.63 while the TSX gold index dipped 1.24 points to 451.46. Among those southbound today was Taseko Mines Ltd. (TKO), which lost 22 cents to $3.25 on 2.33 million shares. On the other hand, Eric Sprott and Collin Kettell's New Found Gold Corp. (NFG) had an up day again today after a three-day, 98-cent slump associated with its less-than-spectacular maiden resource estimate for its Queensway project. New Found, as low as $1.38 on Thursday, added 4.5 cents to $1.685 on 4.76 million shares today. Its stock was as high as $13.50 in the summer of 2021.

That high came amid a flurry of bonanza-grade intercepts in three areas of Queensway, several of which delivered three-digit grades across two-digit widths in three key areas -- Keats, Lotto and Golden Joint. Unfortunately, when the estimate arrived, the grades were unspectacular and the tonnages modest, especially considering the calculation spanned nearly two dozen zones along a strike of more than six kilometres.

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