Submitted by cpowell on Mon, 2012-05-14 18:34.

German Bundestag Examines Assesment of Gold Reserves

From Reuters

via Die Welt, Berlin

Monday, May 14, 2012

http://www.welt.de/finanzen/article106305876/Bundestag-prueft-Bewertung-...

Translation by Lars Schall

The German parliament, the Bundestag, is looking at the accounting of German gold reserves at the Bundesbank. Parliament's Budget Committee has requested, in opposition to the Bundesbank, a critical report by the Federal Audit Office, the newspaper Bild reports.

"The decision has been unanimous," the paper quoted the Christian Social Union budget expert Herbert Frankenhauser. The newspaper report alleged "account cheating" regarding the German gold reserves.

According to the Bild report, the federal auditing office complained of "inadequate dilegence of the accounting of the gold reserves, which are stored in some foreign countries. Repatriation of the gold reserves is encouraged. The German gold reserves are in part held at foreign central banks.

... Dispatch continues below ...

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Sign Combination Agreement

Company Press Release

Friday, March 2, 2012

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http://www.prophecyplat.com/news_2012_mar02_prophecy_platinum_ursa_major...



The federal audit office wants to weaken the report in regard to the security of other countries and provide to the parliament a shorter summary that could be read only in the secret shelter of the Bundestag.

Bundesbank President Jens Weidman was trying to convince the leadership of the Union parliamentary group to prevent the demand for the report.

Germany has with 3,400 tons of gold, the world's second largest gold reserves. They are managed by the Bundesbank and are part of the country's currency reserves.



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ADVERTISEMENT Sona Discovers Potential High-Grade Gold Mineralization

at Blackdome in British Columbia -- 13.6g over 1.5 Meters

From a Company Press Release

November 22, 2011

VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling.

"We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company."

Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered.

For the company's complete press release, please visit:

http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf

