He Salted a $6B Gold Mine. Then Fell From a Helicopter.

On March 19th, 1997, a geologist named Michael de Guzman fell from a helicopter over the Indonesian jungle. He worked for Bre-X, a Calgary mining company that claimed it had found the largest gold deposit on Earth. The site was called Busang. Seventy million ounces. Six billion dollars in market value.

Days after de Guzman's body was recovered, investigators tested the core samples. According to the official audit, the samples had been salted. Some of the gold, the auditors said, came from his own wedding ring. The rest had been bought from local panners and mixed in by hand.

There was no gold mine. The biggest gold discovery in history was a fraud.

Sources:
- Strathcona Mineral Services examiner audit (May 1997)
- Wikipedia: Bre-X
- MINING.COM: Bre-X scandal timeline
- Nova Scotia Securities Commission: Bre-X Ltd. Gold Fraud
- BBC World Service / CBC: The Six Billion Dollar Gold Scam (2024)
- The Canadian Encyclopedia: Mike de Guzman entry

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#Shorts #BreX #GoldFraud #MiningScandal #InvestigativeShort #DeGuzman

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