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Buscar Company Retracts Prior Reserve Estimates for Treasure Canyon Property and Engages Renowned Expert for Independent Assessment
Buscar Company Retracts Prior Reserve Estimates for Treasure Canyon Property and Engages Renowned Expert for Independent Assessment.
About this update from Buscar Company
[{"type":"text","content":"\r\n\r\n \r\n \r\n Buscar Company Retracts Prior Reserve Estimates for Treasure Canyon Property and Engages Renowned Expert for Independent Assessment\r\n \r\n \r\n\r\n\r\nBuscar Company Retracts Prior Reserve Estimates for Treasure Canyon Property and Engages Renowned Expert for Independent Assessment\r\n\r\n\r\n\r\n\r\n\r\n\r\nBEVERLY HILLS, Calif., Feb. 2, 2026 /PRNewswire/ -- Buscar Company (OTC Pink: CGLD) (\"Buscar\" or the \"Company\") today announces the retraction of certain mineral reserve estimates previously disclosed for its Treasure Canyon property, demonstrating our unwavering commitment to transparency, accuracy, and regulatory compliance in all our communications.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nCOMPLETE RETRACTION OF PRIOR STATEMENTS\r\n In the interest of providing stakeholders with the most reliable information, the Company is fully retracting all statements, estimates, and representations from its press releases dated October 17, 2025, and October 20, 2025, concerning:\r\n \r\n Proven reserves and their estimated value\r\n Probable reserves and their estimated value\r\n Total gross in-situ value of approximately $117 billion\r\n Any and all mineral resource or reserve estimates for the Treasure Canyon property\r\n \r\n We advise that these prior disclosures should no longer be relied upon by investors or other parties.\r\n REASON FOR RETRACTION\r\n Upon thorough review, the Company determined that the reserve estimates in question lacked sufficient technical verification at the time. As a result, we have withdrawn the NI 43-101 Technical Report from October 2025 that underpinned those estimates, as the original Qualified Person was unable to substantiate the claimed reserve values. This step underscores our dedication to upholding the highest standards of integrity in our reporting.\r\n CURRENT STATUS AND FORWARD PROGRESS\r\n At present, the Company is making no claims regarding mineral resources or reserves at the Treasure Canyon property. To advance our understanding of this promising asset with precision and expertise, we are pleased to announce the engagement of Martin L. Gallon of Lumwana LLC as our new Qualified Person under SEC Regulation S-K 1300. Mr. Gallon, a certified professional geologist holding a BSc Honors in Geology from London University, brings over 55 years of distinguished experien...