Bank of England warns UK's elected officials that it runs the country

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Carney: Bank of England Will Tolerate Higher Inflation for the Sake of Growth

By Szu Ping Chan and Tim Wallace
The Telegraph, London
Friday, October 14, 2016

The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney.

Mr. Carney told an audience in Nottingham that the current environment of low inflation was "going to change" with the drop in the value of the pound likely to push up prices across the economy.

He said food prices were likely to be affected first, signalling that the situation was "going to get difficult" for those on the lowest incomes as the United Kingdom moves "from no inflation to some inflation."

Speaking later in Birmingham, Mr. Carney defended the bank's independence, insisting that policymakers would not "take instruction" from politicians on how to do their jobs.

"The objectives are what are set by the politicians, the policies are done by technocrats," he said. "We are not going to take instruction on our policies from the political side." ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/10/14/carney-bank-of-england-wi...



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
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:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



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