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by Stockwatch Business Reporter

New York spot gold fell $16.00 to $1,246.80 on Thursday. The TSX Venture Exchange gained 3.96 points to 787.62 while the TSX Gold Index added 0.68 point to 185.05. Most Canadian gold miners moved little today. Torex Gold Resources Inc. (TXG) dropped 49 cents to $12.31 on 441,000 shares and Agnico Eagle Mines Ltd. (AEM) rose $1.20 to $54.21 on 1.52 million shares.

Gerald McCarvill and Ken Lapierre's Rockcliff Metals Corp. (RCLF), up one cent to seven cents on 254,000 shares, has updated its resource estimate for the Talbot precious and base metals project in central Manitoba. It now hosts 4.23 million tonnes inferred at 1.77 grams of gold and 27.96 grams of silver per tonne, plus 1.61 per cent copper and 1.4 per cent zinc. That is an equivalent gold grade of 5.4 grams per tonne, or as Rockcliff puts it, an equivalent copper grade of 3.4 per cent. The previous estimate, prepared in early 2016, showed 2.17 million tonnes inferred at 2.4 grams of gold and 54.6 grams of silver per tonne, plus 2.8 per cent copper and 2.2 per cent zinc. While the tonnage has doubled, the gold content has increased by less than 50 per cent and the total metal value has increased by just 20 per cent.

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