Buscar Company Announces Completion of NI 43-101 Technical Report for U.S. Mining Project, Confirms Significant Proven Reserves and Valuation of $34.55 Billion

Strategic Insights -

The completion of the NI 43-101 Technical Report for Buscar Company's U.S. mining project marks a significant milestone in the company's efforts to develop its gold and rare earth element reserves. Prepared by Dr. Abe Beagles, a Qualified Geologist with over 40 years of international experience, the report confirms significant Proven Reserves with a gross in-situ value of approximately $34.55 billion. The report highlights the project's strong economic potential, with a notable mention of the integration of proprietary technologies, including the Plasma Extractor System (PES), which recovers monoatomic and colloidal gold from black sands and has the potential to enhance recovered values.

Key Takeaways:

  • The NI 43-101 report confirms significant Proven Reserves with a gross in-situ value of approximately $34.55 billion.
  • The report highlights the project's strong economic potential, with a notable mention of the integration of proprietary technologies, including the Plasma Extractor System (PES).
  • Dr. Abe Beagles, a Qualified Geologist with over 40 years of international experience, conducted full field inspections, data verification, and analytical review.
  • The project's mineralized system meets the criteria for Proven Reserves as defined by the Canadian Institute of Mining (CIM) and recognized by NI 43-101.
  • The report emphasizes the integration of sustainable mining practices, including mercury-free, closed-loop, and zero-discharge extraction processes.
  • The company remains committed to sustainable practices, job creation in the local community, and maximizing shareholder value through this high-potential asset.
  • The NI 43-101 report represents a critical milestone for Eon Discovery and Buscar Company, affirming the project's extraordinary value through verified Proven Reserves and position it as a cornerstone of the company's natural resources portfolio.

Statistics:

  • Gross in-situ value: approximately $34.55 billion
  • Total acreage: 200 acres
  • Continuous alluvial channel: 51 feet in depth
  • Percent recovery through reagent-free gravity concentration: over 92%
  • Number of years of experience: Dr. Abe Beagles has over 40 years of international geological and mining-engineering experience.
  • Elements identified in notable REE reserves: scandium, yttrium, lanthanum, and other essential rare earth elements for national security, defense technologies, and clean energy applications.

Sources:

  • Dr. Abe Beagles
  • Mother Lode Mining
  • NI 43-101 Technical Report
  • Eon Discovery Inc.
  • Buscar Company (OTC: CGLD)
  • Canadian Institute of Mining (CIM)
  • ISO 17025-accredited laboratories
  • Lori Jane Foundation
  • JPMorgan
  • Department of Energy funding programs for rare earth elements (REEs)
  • U.S. government initiatives to bolster domestic critical mineral supplies