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Ronan Manly: London got some metal back but still supports lots more 'paper gold'
2:53p ET Wednesday, October 5, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly reports today that gold supplies held by the Bank of England and the London bullion banks seem to have increased in recent months but are still part of a juggling act in which they support much larger quantities of "paper gold" not directly backed by metal. Manly's analysis is headlined "Tracking the Gold Held in London: An Update on ETF and BoE Holdings" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sandspring Resources Commences 2016 Exploration Campaign
August 17, 2016
Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.
In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.
For the remainder of the announcement and highlights of the 2015 drill program:
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