M·CAM Expands Inquiry of New Guinea Gold Financial Reporting and Local Landowner Rights

Date:  Thu, 2009-06-18

M·CAM Expands Inquiry of New Guinea Gold (TXS–V: NGG) Financial Reporting and Local Landowner Rights

June 18, 2009 – Kokopo, East New Britain; Charlottesville, Virginia –– The National has reported on the most recent press conference held in which M·CAM distributed a series of financial statements and reports issued by New Guinea Gold Corporation regarding the Sinivit ‘Wild Dog’ gold mining operation. In the wake of increasing scrutiny, New Guinea Gold refuted earlier press reports about financial conditions published in the PNG Post Courier thereby calling into question the completeness or accuracy of their shareholder disclosures. M·CAM has taken an increased interest in evaluating the financial disclosures in a number of mining operations around the world to assess whether corporate public disclosures match other public sources of information.

The following is a brief summary from the article in The National.

ENB concern for “wild dog” welcomed

By EVAH BANIGE

AN international environmental consultant has welcomed the East New Britain provincial government”s response to a report he presented last month regarding the impact of mining operations at the Wild Dog mine in Sinivit.

Dr David Martin said he was happy that the government had now taken steps to respond to his presentation and showed concern over the matter. However, Dr Martin clarified that the reports he presented were not from his company or landowners, but were reports published by New Guinea Gold for their shareholders that had also been placed on the company”s corporate website for verification.

For a complete view of the article HERE