Joseph Ogierman - The Discovery of Busang, Indonesia – The “Worlds Largest Gold Deposit”

Canadian junior BreX Minerals will “live in infamy” for undertaking corporate fraud on an unimaginable scale. Between 1994 - 1997 Bre-X reported discovering the largest gold deposit in history – 70 Mozs, in remote Bornean jungle, before its ignominious exposure following the “suicide” of its Exploration Manager. Globally, this fraud changed forever, the way mining and exploration companies operate. A little-known fact is the prospect was first discovered, 5 years before BreX arrived, by two geologists from Adelaide, South Australia. This weeks talk outlines Joseph Ogierman’s involvement in the discovery of Busang in the late 1980s and then eyewitness accounts of what it was like to live in Indonesia during the “Busang Boom” of the mid-1990s when he returned to Indonesia to be tarred with the brush of “missing the greatest gold discovery ever”. This is a tale of intrigue, adventure, danger, slander, greed, encounters with murderers, backstabbers and Nobel Laureates-to-be and best of all there is even some interesting geology.