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danbradster2 t1_iwg8adi wrote

Reply to comment by -domi- in TIL Of the Bre-X fraud. The Canadian mining company was a penny stock that reportedly found billions of dollars of gold in Indonesia. The stock skyrocketed but collapsed following the suicide of one of the geologists and discovery that the core samples were salted. by jamescookenotthatone

Added gold to the samples, to make it look like a high potential deposit. Faking the results, because they know its no good.

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danbradster2 t1_iwg8g7e wrote

From my vague memory, they may have had the samples in bags of ground dirt - extra gold thrown in.

A regular technique might have solid core, photos taken, then grind only half the core - the rest retained as evidence.

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owlbear4lyfe t1_iwgbxvy wrote

could have been easily verified through independent lab. as a result all canadian mining companies need to go through third party for Ni 43-101 sample to verify claims.

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Alaric4 t1_iwghod0 wrote

I work in the industry, but in another country. The first time I saw an NI 43-101 report, I was stunned at how much detail companies were required to provide regarding the preparation of the samples. It all made sense when I realized that the reporting standard was a response to Bre-X.

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Teddy_canuck t1_iwhw5ea wrote

And it's the reason you can't get your samples officially assayed on site anymore and have to have it done by a third party.

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