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Return on UK government bonds turns negative
From the British Broadcasting Corp.
Wednesday, August 10, 2016
The return on some UK government debt turned negative after the Bank of England missed its target in a new bond buying operation.
The bank had offered to buy government bonds, or gilts, as part of its new quantitative easing programme to stimulate the economy.
But the bank fell L52 million short of its L1.17 billion target when it failed to find enough sellers.
That has driven up prices and pushed down the return to investors, or yield. As bond prices rise, yields fall, and vice versa.
On Wednesday morning gilts maturing in 2019 and 2020 were yielding -0.1 percent. ...
... For the remainder of the report:
Camino Minerals Receives Approval to Drill
at Lost Cabin Project in Oregon
Tuesday, August 9, 2016
Camino Minerals Corp. (COR: TSX-V, CAMZF:OTC) is pleased to announce that it has received regulatory approval to drill at the Lost Cabin project in south-central Oregon. The company has received notice from the U.S. Bureau of Land Management that it has accepted the plan of operation, described in the notice for exploration drilling submitted in September 2015.
On February 4, 2015, Camino announced it had optioned the Lost Cabin Project from La Cuesta International Inc.. The company has since completed a field evaluation of the project. Anomalous gold values were returned from grab samples, including 38.0 grams per tonne and 2.8 grams per tonne gold at the western end of the zone, as well as 5.5 gpt and 1.9 gpt gold in the east. The property lies within the Basin and Range Province in southern Oregon and covers a layered dome complex. Moderate to intense argillic alteration is exposed for more than 3 kilometers in a northwest trending valley. Within the exposed alteration are epithermal quartz veins, stock work, and breccias, which have potential to host a low-sulphidation, epithermal gold system.
For the complete announcement:
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