Mars Mines Limited Commits to $500,000 Initial Working Capital for Buscar's Treasure Canyon Gold Mining Project
Buscar Company, Inc. (OTC-PINK: CGLD) announced a significant commitment from JV Partner Mars Mines Limited, pledging $500,000 for the Treasure Canyon project. Company President Thomas Heathman emphasized this investment demonstrates confidence in the project's success. Following a recently completed ten-year Production Agreement, the company aims to leverage the resources and expertise of Mars Mines to advance mining operations. Buscar also holds rights to 800 acres of mining claims in California, including newly acquired claims in the Bucks Lake area.
- Mars Mines Limited committed $500,000 for the Treasure Canyon project.
- Completion of a ten-year Production Agreement enhances project viability.
- Total of 800 acres of mining claims held in California positions the company for growth.
- None.
BEVERLY HILLS, Calif., Feb. 18, 2022 /PRNewswire/ -- Buscar Company, Inc. (OTC-PINK: CGLD) announced today that JV Partner Mars Mines Limited (MML), a company with decades of experience in mining gold has committed in writing to an initial
Company President, Thomas Heathman stated, "We recently completed a ten (10) year Production Agreement that includes an initial commitment of
ABOUT BUSCAR COMPANY: Buscar Company is a mining operation that holds the rights to the Treasure Canyon Mining claims located in Plumas County, California. More recently, the company has also acquired ten additional claims in the Bucks Lake area of Northern California. Combined, Buscar company has a total of 800 acres of unpatented claims in Plumas National Forest, California.
Mr. Heathman finished up with, "The setbacks we experienced over the past several months are now behind us and in the rear view. This agreement and the initial investment into the company allows us to tap into the wealth of resources available via MML in order to move forward aggressively with the Treasure Canyon project. We look forward to sharing more with you in the coming weeks."
ABOUT MARS MINES LIMITED: Based in Australia, Mars Mines Limited has gold exploration and mining interests in Brazil, Ecuador, Nigeria and now California via its agreement to help oversee and conduct the mining operations at Treasure Canyon as a joint venture partner with Buscar Company.
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.
FAQ
What is the commitment made by Mars Mines Limited to Buscar Company regarding the Treasure Canyon project?
What is the significance of the ten-year Production Agreement for Buscar Company?
What is the geographical scope of Buscar Company's mining claims?
Which entities are involved in the Treasure Canyon project?
When was the press release about the Treasure Canyon project issued?
