Letters to the Editor Seabright relationships clarified

Two letters concerning your reporting of mineral exploration activities in Nova Scotia (N.M., Oct 24/88) prompted this letter.

Having recently moved to Thailand my main source of news about current developments in the Canadian mining industry is obviously The Northern Miner. Several stories perpetuate inaccuracies regarding the relationship between Seabright Resources, Seabright Explorations and Westminer Canada. My understanding is as follows:

Western Mining of Australia made major investments in North American gold exploration and mining by purchasing varying interests in some six companies in late 1987 and early 1988. Westminer Canada was set up to hold and administer the Canadian companies acquired. Seabright Resources was purchased 100% by Westminer and so ceased to be a publicly traded company. To my knowledge the assets of Seabright Resources include the Beaver Dam and Forest Hill deposits in Nova Scotia both of which were subjects of detailed underground exploration programs. Seabright Resources also owns the mill at Gays River.

In addition Seabright Resources holds, I believe, some 55% of Seabright Explorations and thus Seabrex is not a wholly-owned subsidiary of Westminer Canada. The other 45% of Seabrex is owned by the public. James M. Patterson Bangkok, Thailand