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Forced into digital transactions, Indians resume buying gold anyway
Gold Jewellery Sales Pick Up Slowly After Falling 80%
By Sutanuka Ghosal
The Times of India, Mumbai
Monday, December 12, 2016
KOLKATA, India -- Gold sales have picked up by 40-50 percent this month as consumers are getting used to digital transactions to purchase the metal.
Gold jewellery sales are slowly picking up after having tumbled 75-80 percent following the government's November 8 announcement demonetizing high-value old currency notes.
Jewellers and traders said consumers in metros and smaller towns are gradually opting for digital transactions to purchase the metal to take advantage of its its falling prices. Gold price has softened 11% since November 8.
More importantly, artisans in the gold trade, who were asked to return home as orders dried up, are slowly returning to work. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/commodities/news/gold-jewell...
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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