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Gold/Mining/Energy : ECHARTERS
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To: knight who wrote (2453)3/22/1998 10:55:00 PM
From: E. Charters  Read Replies (1) of 3744
 
No approval anywhere I am afraid. It's caveat suctor.

Approval is unworkable. It injudicable whether or not there
is anything out of hand in any companies release upon reading.

From time to time some over the top BS is asked to be clarified.

There are rules about conduct and accuracy and assay reportage that
you see broken from time to time. But it's hard to tell when the
company has infracted. The amount of investigation you would require
is mind boggling. Mind you there should be more checking and more
onus on the companies to show the accuracy of their data is above
reproach. One thing I would like to see is independent consultant's
reports at a certain stage of a claimed discovery. A requirement of
proof of a consultant's reliability and the prevention of use of
consultants to lend credibility if they are engineering firms but
are restricted in what they can report or certify. No statement from
a consultancy firm wheher second hand or first hand should be allowed
if it is not independently verifiable.

In BC for many years an engineer could not report on an assay without
first independently verifying its accuracy and reliability. This fact
constrained Bre-X as it reported in BC and thus the engineering firm
Kilborn, BROKE THEN LAW when it reported false assays upon doing
check assays on the Loa Duri results. The disclaimer in their report
does not protect them.

EC<:-}

echarter@vianet.on.ca

The Canadian Mining Newsletter
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