Business
Buscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report
Buscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report.
About this update from Buscar Company
[{"type":"text","content":"\r\n\r\n \r\n \r\n Buscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report\r\n \r\n \r\n\r\n\r\nBuscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nBEVERLY HILLS, Calif., June 16, 2025 /PRNewswire/ -- Buscar Company (OTC: CGLD), Beverly Hills, CA, through its wholly owned subsidiary Eon Discovery Inc., is excited to announce a strategic partnership with Mother Lode Mining, Ltd., the oldest continuously operating mining company in California, and the successful completion of a comprehensive geological report for the Treasure Canyon Gold Mine in Plumas County, California. The 200-acre site, which includes 10 claims, contains an estimated 3.58 million troy ounces of gold equivalent, valued at $11.99 billion based on the current gold price of $3,350 per ounce.\r\n\r\n \r\n \r\n \r\n \r\n \r\n \r\n\r\n \r\nStrategic Partnership with Mother Lode Mining\r\nEffective March 31, 2025, Buscar has engaged Mother Lode Mining, Ltd., led by Dr. John Beagles, an expert in hydrogeology and mining engineering. Dr. Beagles is overseeing the preparation of Phase 1 NI 43-101 and SEC-compliant SK-1300 reports, which will evaluate gold, silver, platinum, palladium, copper, cobalt, and rare earth elements. These reports, expected in Q3 2025, will include site planning, financial projections, and breakeven analyses to ensure regulatory compliance and transparency.\r\nDr. Beagles is developing a proprietary Plasma Extractor System (PES) that could potentially increase gold recovery by 3–10 times, pending independent verification. This innovative technology highlights Buscar's commitment to advanced mining solutions.\r\nAdvanced Geological Report\r\nBy Mars Mines Ltd\r\nA detailed report by Mars Mines Ltd, authored by Peter Temby, a geologist with over 50 years of experience and 15 global discoveries, reaffirms the significant geological potential of the company's latest gold project, Treasure Canyon. The report reclassifies the deposits as Iron Oxide Copper-Gold (IOCG), a highly promising mineral system characterized by rich associations of gol...