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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: mike timoranszky who wrote (13468)4/12/1997 2:03:00 AM
From: Richnorth   of 28369
 
Hi Mike,

Effective salting does not have to require a humongous amount of gold
if a solution of a gold compound could be used to do the job!

Salting is highly feasible IF (a very, very big IF) the scenario I outline below is correct. Perhaps some have already entertained similar ideas while others have not. Before I begin, I must be careful to point out that my scenario is not the only possible one. It would be helpful if you have a copy of Bre-X press release dated 9th April 1997 outlining their sampling, assay procedure and methodology.
(This may be obtained from bre-x.com)

At Balikpapan, Indo Assay Activity #4.2 and Activity #4.3.2 negate successful salting by means of adding a solution of a soluble gold compound, e.g., gold chloride solution to the ore sample. Why? Simply because, in each of those activities, the ore was washed with a barren wash. However, it is possible to 'doctor' the analysis sample with either a small amount of gold particles or a measured volume of a gold chloride solution of known concentration in Activity 4.3.4. Furthermore, it is also possible to salt the analysis sample in Activity 5.1 or Activity 5.2 or Activity 5.3 by simply adding to it a measured volume of the gold chloride solution. And this is very easy to do and it does not require a humongous amount of placer gold or alluvial gold particles or gold chloride! Nor does it require high-power math. The added gold chloride boosts the gold content in the solution used for fire-assay and instrumental analyses! And voila! Busang transmutes into a gold 'bonanza'! Simple and feasible? Yes! Yes! Yes!

A comparison of the reported data for the analysed samples with data to be obtained for the corresponding 'archived' samples and data for freshly-drilled "twin" samples will most likely bring out the truth.

I wish to make clear I am not impugning dishonesty on the part of the Indonesian assayers. Rather I was just pointing out where and how things could be manipulated by any individual.

I think implicit trust had been placed in Bre-X from the very beginning simply because the top brass have the right skin colour and they speak English with the right accent(s). If the top operators have strange-sounding names reminiscent of faraway places or speak English with 'distinctive' accents, red alerts would have flashed and alarm bells (whether justified or not) would have gone off resoundingly many times long ago with the result that many investors would have been spared one helluva lot of agony and trauma.

Is there a lesson to learn in this? Well, you be the judge.

Richnorth
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