Announcement • Jun 18
Buscar Company and Eon Discovery Team Have Partners with Mother Lode Mining to Explore the Potential of the Treasure Canyon Gold Mine, Supported by a Cutting-Edge Geological Report
Buscar Company through its wholly owned subsidiary Eon Discovery Inc. announced 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. Effective 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 Third Quarter 2025, will include site planning, financial projections, and breakeven analyses to ensure regulatory compliance and transparency. Dr. 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. A 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 gold, copper, and other valuable metals within complex geological structures. This reclassification highlights the site's unique geological makeup, driven by extensive alteration zones and structural controls that suggest substantial untapped resources. The report recommendations further exploration, including soil geochemistry, magnetometry, and drilling, to understand the surface geology better and expand the potential of this 200-acre site, positioning it as a key opportunity for future growth. Buscar and Eon Discovery will commence on-site work in mid-July 2025 to support the NI 43-101 report. The company is dedicated to sustainable mining practices and aims to create U.S. jobs while following the highest environmental and industry standards. Phase 1 reports will direct advanced exploration and the potential integration of plasma technology.
