Buscar Company Announces Acquisition of Additional Mining Properties Increasing Its Holdings to A Total of 800 Acres
Buscar Company expands its presence in Northern California by acquiring 10 additional claims, totaling 800 acres of unpatented mining claims in Plumas National Forest. The company reports significant mineral findings, including over 200 PPM gold and 700 PPM silver from soil samples. Investigations indicate multiple areas of mineralization and signs of historical placer mining. Further exploration is planned to assess the potential of these new claims, which may significantly enhance the company's holdings in the area.
- Acquisition increases total claims to 800 acres, enhancing market presence.
- Soil samples indicate high mineral content: 200 PPM gold and 700 PPM silver.
- Geophysical measurements suggest multiple areas of mineralization.
- None.
BEVERLY HILLS, Calif., Feb. 4, 2022 /PRNewswire/ -- Buscar Company, Inc. (OTC-PINK: CGLD) announced that it is expanding its presence in Northern California and has claimed in the Bucks Lake area of Northern California additional 10 claims that make up part of a contiguous block of 600 acres of land. This new project is in addition to the 200 acres of existing claims of the Treasure Canyon Project. Therefore, Buscar company has a total of 800 acres of unpatented claims in Plumas National Forest, California.
The Company conducted field investigations that showed there is a granitic outcropping in the far southeastern part of the claims and a dark metamorphic slate with abundant quartz veins cutting the slate in outcrops in and around the claims. US Geological Survey soil samples show over 200 PPM gold and 700 PPM Silver in a soil sample (this is approximately 6.5 oz/ton gold and 22.5 oz/ton silver in the soil sample). Additionally, the claims encompass an old mine that the Company plans to further investigate to the immediate southeast of the location of the soil sample.
Our investigations, show abundant traces of old placer mining, especially in the drainage cutting through the claims. The placer mining is consistent with the history of the area, with ancient lake and river deposits mined for the placer gold content. Much of the material on the surface is angular, indicating that the float has not traveled far and maybe from a local source. Much of the float is white quartz, often in excess of a foot wide. Upon breaking the float quartz, mineralization along fracture planes becomes obvious and some metals are visible. Further investigation of the mineralization by a laboratory is required to characterize the mineral assemblage.
Initial geophysical measurements using a conductivity tool indicate multiple areas of mineralization throughout the claims. The equipment locked onto specific locations that indicates a linear band of mineralization trending in a northwestern direction. Because of the multiple linear bands, it is anticipated that there are multiple veins under the claims and a thorough exploration of the claims is warranted. This type of deposit is consistent with other areas of gold and silver mineralization in the Mother Lode Country of California. With further exploration and testing, we anticipate that this new prospect can become a very positive addition to the company's holdings in Northern California.
FORWARD-LOOKING STATEMENTS
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate.
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SOURCE Buscar Company, Inc.
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