Today's News (2)...
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Globe says four independent labs to test new Busang samples
Bre-X Minerals Ltd BXM
Shares issued 219103330
1997-04-14 close $2.43
Tuesday Apr 15 1997
In the News
The Globe and Mail reports in its Tuesday, April 15, edition that
core samples taken from the Busang gold field owned partially by
Calgary based Bre-X Minerals will be flown today to Perth,
Australia, where they will be divided into four parts for testing by
independent assay labs to determine if there really is gold at the
jungle site in Borneo. Reporter Paul Waldie writes that a
spokeswoman for the Busang project told the paper that 11,795
kilograms of samples have been taken from the Busang site and
guarded at the airport in Balikpapan, the largest town near the site.
A security guard will ride with the samples to Perth along with a
representative from Indonesia's mines ministry and an official from
Strathcona Mineral Services, the independent engineering company
based in Toronto, which was hired to oversee the new assaying
process. Once in Perth, these samples will be crushed and then
split in half. While one half remains in Perth, the other half will be
divided into three parts and sent for testing in labs in Perth as well
as Canada and Indonesia.
(c) Copyright 1997 Canjex Publishing Ltd.
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Post says Kilborn defends assay results
Bre-X Minerals Ltd
BXM
Shares issued 219103330
1997-04-14 close $2.43
Tuesday Apr 15 1997
In the News
The Financial Post reports in its Tuesday, April 15, edition that the
parent of the consulting company responsible for calculating the
amount of resources at the Busang gold property of Bre-X Minerals
yesterday defended itself against suggestions that it did sloppy work
on its mineral assays. Reporter David Thomas writes that
SNC-Lavalin Group, the firm of mining consultants based in
Montreal, told the paper that a preliminary report by its Indonesian
subsidiary, P.T. Kilborn Pakar Rekayasa, which was done for
Bre-X, is accurate. But some of the numbers in it that confound
mining experts were to have been restated before a final extensive
report was published. Robert Racine, VP of SNC-Lavalin, told the
paper that "we stand behind the report we produced."
(c) Copyright 1997 Canjex Publishing Ltd.
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