Drill results tampered: Southwestern
Saturday, July 21, 2007 - FreeMarketNews.com
In a turn of events that recalls the Bre-X fraud, Vancouver-based miner Southwestern Resources Corp. revealed yesterday that some of its drill results in China were apparently tampered with, bringing the credibility of the whole project into question. "We're flagging the whole thing and saying we need to review this, and the market shouldn't rely on these numbers," chairman David Black said in an interview. The announcement capped off a bizarre four-week period in which the company delayed a pre-feasibility study on the China-based Boka gold project, and its chief executive John Paterson abruptly resigned. {At least he had the level of shame to do that. Politicians and other CEO's would stay on board regardless of the fraud. ~ Ed. SOC}
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