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by Stockwatch Business Reporter

New York spot gold rose $6.40 to $1,312.40 on Wednesday. The TSX Venture Exchange rose 1.90 points to 637.97 while the TSX Gold Index added 3.33 points to 194.30. Most Canadian gold miners followed bullion higher today. Eldorado Gold Corp. (ELD) helped lead the way, adding 25 cents to $6.27 on 1.91 million shares. Franco-Nevada Corp. (FNV)went the other way, slumping $2.55 to $98.35 on 2.13 million shares on word that it lost $140-million (U.S.) last year on lower production numbers. The company's guidance calls for a better year ahead.

Mario Bouchard and James Dion's Radisson Mining Resources Inc. (RDS), down one-half cent to 11.5 cents on 341,000 shares, has received assays of up to 6.13 grams of gold per tonne over 4.7 metres from drilling at its O'Brien gold project between Rouyn-Noranda and Val d'Or in northwestern Quebec. The new assays are from holes drilled into the F zone, west of the currently defined resource. The latest assays, from over 3,800 metres of drilling, also included a hit of 8.83 grams per tonne over 1.5 metres. There were high-grade zones within the mineralization, although they were generally narrow: One yielded 23.6 grams per tonne over 0.5 metre and two others topped 10 grams per tonne, each over 0.8 metre.

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