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Gold/Mining/Energy : A New Age In Gold Refining -- Ignore unavailable to you. Want to Upgrade?


To: ddl who wrote (615)2/13/1998 2:54:00 PM
From: Greg W. Taylor  Read Replies (3) | Respond to of 672
 
Just a reminder of the doings of some. (No, this isn't about DD's, it's about keeping one's eyes open.):

The Northern Miner Volume 83 Number 51 February 16-22, 1998

Canadian regulators nail 'desert dirt' promoter

Not to be outdone by Bre-X Minerals' claim to have 70.9 million oz. gold at the Busang property in Indonesia, American Technology exploration told potential investors last year that it had 76 million oz. of contained gold in "blocked out reserves" at its property in Nevada.

The British Columbia Securities Commission (BSCS) responded by filing a notice of hearing against the company and two of its directors, Philip Lieberman and his son Marc. At the time, regulators pointed out that the elder Lieberman had failed to comply with two previous orders imposed against him for breaches of securities regulations, including one for making "false and misleading representations" in disclosure documents.

In late January of this year, the BCSC imposed on Philip Lieberman a lifetime ban from securities trading and from being a director or officer of a company. It also fined him $50,000 and imposed similar bans, for five years, on Marc Lieberman. A cease-trade order was imposed on the company.

The Liebermans are reported to have made many misrepresentations about the Nevada property on the World Wide Web.



To: ddl who wrote (615)2/13/1998 4:30:00 PM
From: Michael J. Wendell  Respond to of 672
 
Denis,
It may be true about Newmont. I was told that a program in North West Arizona is Newmont. It is near the Lost Basin Range near Meadview, Arizona. I have been told that the company in there is a sub of Newmont. I have recently read that the prospecting company is one of the worlds largest gold producers, without being named. It is not a company that has to promote its stock there so they are being very quiet.I have not done title work, so I will let you take your pick.
There used to be a small public mining company named Moritz Mining Company that held the biggest well in the valley right near the King Tut. They also have some other ground in there too as fee lands but without mineral rights. I don't even know if the company is still a valid company, but they might be. I have some of that Moritz stock, but had written it off years ago.
mike