The British Columbia Securities Commission has placed a permanent cease-trade order on the shares of American Gold Mining, which had been promoted by Ronald Markham.
Markham, who the commission says is facing criminal charges in Nevada and has been in custody since March, was the promoter of private company Mindoro Corp. in 1993. Mindoro — unrelated to publicly listed
American Gold Mining has been touting a resource of about 25 million tonnes with a gold grade of 24 grams per tonne at a property in Washington Cty., Utah, near the Nevada and Arizona borders. The private company’s pitch has been levelled at “New Age” believers in northern California and Oregon, but it has about 35 shareholders in British Columbia as well.
While American Gold Mining’s web site is currently marked “under construction,” earlier screen shots of the site’s “company profile” page identify Utah assayer Merwin White as a consultant to the company, along with White’s sometime associate James Cockrell. White has previously been engaged as an assayer to work on such projects as the Franklin Lake project in California, held by
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