Between 1994 and 1997, Canadian company Bre-X Minerals, sponsored and promoted to listings on the TSX and NASDAQ by JPMorgan, Lehman, BMO, and others, was exploring for gold on the Busang property on the Indonesian island of Borneo.
Bre-X's efforts bore the discovery of a lifetime: a mammoth deposit estimated to contain over 200 million ounces of easily extractable gold. The company's stock exploded from
25 cents to over $270, effectively valuing Bre-X at over $6 billion and attracting the interest of major mining companies. Barrick, Placer Dome, and Freeport McMorran, all the major players at the time, started competing to develop the largest gold deposit ever discovered. In early 1997, Indonesian President Suharto and his government took control of the deposit by force and commissioned Freeport to build a mega mine. In the ensuing months, due diligence revealed that the deposit was a gigantic hoax! There was no gold in Busang. The principals of Bre-X were accused, but never convicted, of salting samples before sending them to labs. Michael de Guzman, a Filipino geologist who served as the project manager, allegedly committed suicide by jumping from a helicopter into the abyss of Borneo's jungle. Minorca Resources of Toronto were the financial partners of the Haji Sayakarani group of companies that owned Busang; Alfred Lenarciak was the chairman of Minorca at the time. In a strange twist of fate, in February 2012,
Alfred had a chance encounter in Rome with a man by the name of Akiro Guzzo, who shared with him an amazing story about the life and death of Michael de Guzman, the creator of a fake gold mega deposit. Is this really a dead man's story?
Usually, we have our paydirt bagged, sealed and ready to be shipped within 5-10 days. Sometimes a little faster… other times a little longer if we’re waiting on a fresh truckload of paydirt from our mine or if we are hosting a sale and get swamped with orders. But we promise you the quality of your Lynch Mining Paydirt will be worth the extra few days wait time.
Before it ships you will get a UPS or USPS Confirmation sent to your email letting you know it’s on its way.
Of course, if you have any questions before that send us an email at email@example.com.
Standard delivered 5-10 Business Days
Orders are processed and delivered Monday-Saturday (excluding public holidays)
We will honor a 30day money back guarantee on all orders. If you decide to return paydirt please note that we will not accept any paydirt that has been opened. This includes bags, jars & buckets. Once we receive the returned paydirt we will pan down the material to make sure no gold was taken out. Once your returned paydirt is okayed we will move forward with issuing your refund. free returns.