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Bundesbank says it's bringing Germany's home gold faster than planned

Section: Daily Dispatches

By Maria Sheahan
Saturday, December 24, 2016

Germany's Bundesbank has this year taken back more of its gold than planned as it moves toward hoarding half of the world's second-largest reserve at home, Bundesbank President Jens Weidmann told German daily Bild.

"We brought back significantly more gold to Germany in 2016 again than initially planned. By now almost half of the gold reserves are in Germany," the paper quoted Weidmann as saying in a summary of an article to be published on Saturday.

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In the wake of the eurozone crisis, many ordinary Germans want to see more of the 3,381 tonnes of gold in vaults at home. Some had even questioned whether it still exists, prompting the Bundesbank to publish a long list of details on the gold holdings in 2015.

According to Bild, around 1,600 tonnes of Germany's gold reserves are now in the country, and that figure is to rise to 1,700 tonnes by 2020.

The Bundesbank will "be done with the planned move sooner," the paper quoted Weidmann as saying.


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:

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