UPDATING ON THE PROGRESS OF THE PLAN OF OPERATION

Rhea-AI Summary

Buscar Company (OTC PINK: CGLD) announced progress in finalizing its Plan of Operations in June 2022, focusing on compliance with the California Regional Water Quality Control Board (RWQCB). The company has contracted VESTRA Resources, Inc. to address concerns raised by the RWQCB, and the revised plan was submitted on June 27th, 2022. Following approval, this will facilitate further steps towards the Plan of Operations approval by the US Forest Service. The company owns ten gold mining claims in Plumas County and has recently acquired thirty additional claims in Northern California.

Positive

• Finalization of the Plan of Operations is progressing, indicating potential operational advancements.
• Contracting VESTRA Resources shows proactive steps in regulatory compliance.

Negative

• Uncertainties remain regarding regulatory approvals from the RWQCB and US Forest Service.
• Potential risks include unfavorable exploration results and fluctuating mineral prices.

BEVERLY HILLS, Calif., July 8, 2022 /PRNewswire/ -- Buscar Company (OTC PINK: CGLD). In June 2022, Eon Discovery Inc., (the wholly-owned subsidiary of Buscar Company) contracted VESTRA Resources, Inc. to assist in finalizing the Company's Plan of Operations submitted to the US Forest Service.  VESTRA Resources was hired to complete and submit the documents required by the California Regional Water Quality Control Board (RWQCB).  This was the remaining step in the Company's Plan of Operations. Vestra personnel identified the areas of concern by the RWQCB and through discussions with Eon Discovery personnel were able to make the changes to the Plan of Operations to address and satisfy those concerns.  The revised Plan of Operations and transmission letter were sent to the RWQCB on June 27th and a response is expected within the next few weeks.  This will lead to finishing the requirements for the Plan of Operations approval by the Forest Service.

ABOUT BUSCAR COMPANY: The Company is a mining operation that holds the rights to ten gold mining claims at Treasure Canyon located in Plumas County, California. More recently, the company has also acquired thirty additional claims in the Bucks Lake area of Northern California. Combined, the Company has a total of 800 acres of unpatented claims in Plumas National Forest, California.

FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are "forward-looking statements." Actual results could differ from those projected in any forward-looking statements due to numerous factors. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development, or production, general economic conditions, and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. 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.

SOURCE Buscar Company

View original content:https://www.prnewswire.com/news-releases/updating-on-the-progress-of-the-plan-of-operation-301582824.html

SOURCE Buscar Company

FAQ

What recent progress has Buscar Company made regarding its Plan of Operations?

Buscar Company contracted VESTRA Resources to finalize its Plan of Operations, with a revised plan submitted to the RWQCB on June 27, 2022.

What are the key areas of concern for Buscar Company related to the RWQCB?

VESTRA Resources identified and addressed specific concerns raised by the RWQCB in the Plan of Operations.

How many mining claims does Buscar Company own?

Buscar Company holds the rights to ten gold mining claims in Plumas County and has acquired thirty additional claims in Northern California.

What is the expected timeline for the approval of Buscar Company's Plan of Operations?

A response from the RWQCB is expected within a few weeks following the submission on June 27, 2022.