Salting (confidence trick)

In mineral exploration, salting is the process of adding a valuable metal, especially gold or silver, to a sample to change the value of the sample with intent to deceive potential buyers of the mine.[1] In the US state of Arizona it is a class 6 felony.[2] A famous example of salting is the former Canadian gold company Bre-X, which salted its drill core samples leading investors to believe that they were in possession of one of the largest gold reserves ever discovered.[3] Salting is an example of a confidence trick.

References
  1. Siringo, Charles (1885). A Texas Cowboy, Or, Fifteen Years on the Hurricane Deck of a Spanish Pony. Pantianos Classics. pp. 19–21. ISBN 9781540575937.
  2. "44-1215 - Salting gold or silver ore to defraud; classification". Azleg.state.az.us. Retrieved 2009-07-22.
  3. "Bre-X lawsuits dismissed, 17 years after mining scandal". 2014. Retrieved 2018-01-03.


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