An investigation into alleged salting of drill samples from the Gibbs property in Mariposa Cty., Calif., is continuing with the Federal Bureau of Investigation in Fresno now in charge of the case.
Dessir Resources (VSE) had been earning a 50% interest in the Gibbs claims from AT&E Enterprises when an independent report on the property requested by the Vancouver Stock Exchange discovered placer gold had been added to the samples at some point.
AT&E is a private company owned by Mike Garoogian who received US$1.4 million and 200,000 Dessir shares out of a total three million shares that were to have been paid under the option agreement.
The report, by Vancouver-based consulting engineer J.H. Montgomery, noted that the placer gold was well preserved and goes on to suggest the gold had been added at some point after initial crushing. It has not been established when the gold was added.
Two firms were involved in the assaying core from the property; Chemex Labs, and Bondar-Clegg, both based in Sparks, Nev. At Chemex, high gold values were not detected, but at Bondar Clegg they were. Both firms are well established and have excellent reputations.
Original core from the Gibbs drill holes was split, logged and bagged by Marshall Smith, and the exploration program was operated by AT&E. The FBI has not released any details of the status of its investigations. A spokesman for the surveillance department at the Vancouver Stock Exchange said all trading records for Dessir have been compiled for review by the FBI. Details of the records are confidential and will not be publicly released.
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