Buscar Company Unveils 43-101 Report for Eon Discovery Inc.
Buscar Company is pleased to announce a significant milestone with its wholly owned subsidiary, Eon Discovery Inc. The company has recently completed an independent National Instrument 43-101 (NI 43-101) Technical Report for the Treasure Canyon Gold Mine. This report, prepared by Qualified Person Dr. Abe Beagles from Mother Lode Mining, highlights the remarkable economic potential of the project, estimating a gross in-situ value of about $117.16 billion across Proven and Probable Reserves.
Highlights of the NI 43-101 Report
The report emphasis an alluvial channel at Treasure Canyon that averages 51 feet in depth over a vast 200-acre site. This is an impressive assessment, suggesting an in-situ mineralized mass of 24.68 million tons calculated with a bulk density of 1.5 tons per cubic yard. The Proven Reserves have a projected value of $1,399.63 per ton, amounting to a total of around $34.55 billion. Meanwhile, the Probable Reserves are estimated at $3,346.86 per ton, leading to an appreciation totaling $82.61 billion. This substantial valuation underscores the mine's potential as a premier, sustainable asset in the mining sector.
Resource Modeling and Valuable Outcomes
Resource modeling indicates that approximately 27.15 million tons are grading 3.15 g/t gold equivalent, which translates to an estimated 88,300 ounces of gold equivalent. After employing a recovery rate of 92% through the effective gravity concentration method, the Proven and Probable Reserves are calculated to be 81,200 ounces. This is a testament to the project’s viability and value.
Introducing Innovative Extraction Technologies
A notable feature of the report is the integration of Dr. Beagles' proprietary Plasma Extractor System (PES). This advanced technology aims to recover monoatomic and colloidal gold from black sands, which could potentially enhance recoverable values significantly—between three to fifteen times the standard assayed amounts, following verification.
Environmental Commitment and ESG Outcomes
Buscar Company is committed to responsible environmental practices. The operation at the Treasure Canyon includes measures for mercury remediation and riparian habitat restoration through the Lori Jane Foundation. Such initiatives align with regulatory mandates and contribute positively to the environment, ensuring zero-discharge water management and the rehabilitation of native species while also generating community jobs.
Next Steps and Future Initiatives
With the completion of the NI 43-101 report, Buscar Company and Eon Discovery plan to move towards pilot-scale production by early 2026. This stage will involve onsite PES testing and preparation for SEC-compliant SK-1300 reporting. The focus remains on ethical mining practices along with substantial contributions to local economies and long-term shareholder value.
CEO's Insights on the Project
Alexander Dekhtyar, CEO of Buscar Company, expressed enthusiasm about the report's findings, stressing Treasure Canyon's immense value and its place in the company’s resource strategy. He underlined that the research validates significant reserves while highlighting a commitment to innovative, environmentally sound development.
About Buscar Company
Buscar Company (OTC: CGLD) operates as a diversified holding entity focusing on natural resources, sustainable technologies, and pharmaceuticals. The company's headquarters are situated in Beverly Hills. It supervises Eon Discovery, responsible for gold mining in California’s Plumas National Forest, and also includes Terramer, which specializes in biodegradable bioplastics, alongside Armorgenix, which focuses on detoxification methods in the pharmaceutical sector. Since its strategic evolution through a merger with Eon Discovery, Buscar has continually aimed at growth and innovation to deliver substantial value to its shareholders.
Frequently Asked Questions
What is the importance of the NI 43-101 report for Buscar Company?
The NI 43-101 report serves to validate the economic potential of the Treasure Canyon Gold Mine, highlighting its substantial in-situ value and confirming the viability of its reserves.
What technologies are being used at the Treasure Canyon project?
Buscar Company is utilizing Dr. Beagles' proprietary Plasma Extractor System (PES) to recover gold from black sands, aiming to significantly enhance recoverable values.
How does Buscar Company approach environmental concerns?
Environmental reclamation is a priority, manifesting in efforts like mercury remediation and habitat restoration, compliant with various regulatory standards.
What are the next steps for Buscar Company after the report?
Buscar will initiate pilot-scale production, which includes further testing of technologies and preparations for necessary reporting to ensure compliance with regulatory requirements.
Who is the CEO of Buscar Company?
The CEO of Buscar Company is Alexander Dekhtyar, who is enthusiastic about the company’s developments and commitment to responsible mining practices.
