CGLD news just released.
BEVERLY HILLS, Calif. , Oct. 17, 2025 /PRNewswire/ -- Buscar Company(CGLD) , through its wholly owned subsidiary Eon Discovery Inc., is proud to announce the completion of an independent National Instrument 43-101 (NI 43-101) Technical Report for the Treasure Canyon Gold Mine in Plumas County, California. Prepared by Qualified Person Dr. Abe Beagles of Mother Lode Mining, the report validates the project's immense economic potential with a combined gross in-situ value of approximately $117.16 billion across Proven and Probable Reserves, based on certified multi-element assay data including gold, silver, platinum-group metals, and rare earth elements. This valuation underscores Treasure Canyon's position as a high-value, sustainable mining asset in the northern Sierra Nevada region.
Buscar Company (PRNewsfoto/Buscar Company (CGLD))
Strategic Partnership and Report Highlights
Engaged since March 2025, Mother Lode Mining brings Dr. Beagles' extensive expertise in hydrogeology, mining engineering, and proprietary technologies to the project. The NI 43-101 report, effective October 2025, details a continuous alluvial channel averaging 51 feet in depth over the 200-acre site, with an estimated in-situ mineralized mass of 24.68 million tons calculated using a bulk density of 1.5 tons per cubic yard. Proven Reserves are valued at $1,399.63 per ton for a total of $34.55 billion, while Probable Reserves at $3,346.86 per ton yield $82.61 billion, reflecting distinct lower- and higher-grade domains amenable to low-impact, gravity-based extraction.
Resource modeling confirms approximately 27.15 million tons grading 3.15 g/t gold equivalent, containing an estimated 88,300 ounces of gold equivalent, with Proven and Probable Reserves totaling 81,200 ounces after a 92% recovery rate through reagent-free gravity concentration. The report highlights the integration of Dr. Beagles' proprietary Plasma Extractor System (PES), which recovers monoatomic and colloidal gold from black sands and has the potential to enhance recovered values by 3 to 15 times the assayed amounts, pending independent verification. With startup capital requirements estimated at $1.25 million and annual operating costs of $590,000 (equivalent to ~$11.85 per cubic yard processed), the project supports pre-tax operating margins exceeding 35% at 2025 metal prices averaging $2,650 per ounce for gold, enabling positive cash flow from year one.
Environmental reclamation remains central to the operation, with mercury remediation and riparian habitat restoration managed under the Lori Jane Foundation in compliance with BLM, California Water Quality Control Board, and Clean Water Act standards. This dual-benefit approach—combining profitable mineral recovery with watershed rehabilitation—generates positive ESG outcomes, including zero-discharge water management, native species revegetation, and community job creation.
Next Steps
Following the NI 43-101 completion, Buscar(CGLD) and Eon Discovery will proceed to pilot-scale production in early 2026, incorporating on-site PES testing and preparation for SEC-compliant SK-1300 reporting. The company is committed to ethical mining practices, local economic contributions, and long-term shareholder value through this transformative asset.
"We are exhilarated by the NI 43-101 findings, which affirm Treasure Canyon's extraordinary $117 billion gross in-situ value and its role as a pivotal element in our natural resources strategy," said Alexander Dekhtyar, Chairman and CEO of Buscar Company(CGLD). "Dr. Beagles' comprehensive report not only substantiates robust reserves and low-cost viability but also exemplifies our dedication to innovative, environmentally responsible development that benefits stakeholders and communities alike."
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