Reproduction Copy of 500 Shares of BRE-X stock certificate

Description

For sale is a reproduction of 500 shares of BRE-X Minerals Ltd. Own a piece mining history.
The copy is in mint condition with no creases or tears.
More information about bre-x can be found here: https://en.wikipedia.org/wiki/Bre-X
Bre-X
was a group of companies in
Canada
.
Bre-X Minerals Ltd.
, a major part of Bre-X based in
Calgary
, was involved in a major
gold mining
scandal when it reported it was sitting on an enormous
gold
deposit at
Busang
,
Indonesia
(in
Borneo
). Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring. Originally a
penny stock
, its stock price reached a peak at
CAD
6.50 (split adjusted) in May 1996 on the
Toronto Stock Exchange
(TSE), with a total capitalization of over CAD billion. Bre-X Minerals collapsed in 1997 after the gold samples were found to be a fraud.
[1]
[2]
Busang's gold resource was estimated by Bre-X's independent consulting company, Kilborn Engineering (a division of
SNC-Lavalin
of Montreal), to be approximately 71,000,000
troy ounces
(2,400 short tons; 2,200 t). Reports of resource estimates of up to 200,000,000
troy ounces
(6,900 short tons; 6,200 t) were never made by Bre-X though the property was described as having this potential by
John Felderhof
[
de
]
, Bre-X's Vice-President for Exploration, in an interview with Richard Behar of
Fortune
magazine
.
[3]
Bre-X's gold resource at Busang was a massive
fraud
.
[4]
Encouraging gold values were intersected in many drill-holes and the project received a positive technical assessment by Kilborn. Crushed core samples had been falsified by
salting
with gold that has a wide variety of characteristics that had been subjected to mineralogical examination by Bre-X's consultants.
[5]
In fact in an old report, found in Bre-X files, a mineralogist had reported that some gold particles in Busang samples had the darker yellow skin compared to the interior and some had delicate morphologies composed of electrum. The yellow rims result from selective leaching of silver from the surface of gold particle during river transport or during supergene (in-situ) processes. Electrum is inconsistent with an alluvial origin. The mineralogy gave no indication that it was alluvial gold and was consistent with the assumed origin of the samples. None of the mineralogists who studied the gold grains gave any indication that the gold was not consistent with a hard rock origin. The salting of crushed core samples with gold constitutes the most elaborate fraud in the history of mining. In 1997, Bre-X collapsed and its shares became worthless in one of the biggest stock scandals in Canadian history, and the biggest mining scandal of all time.
[6]