#USA #Beverly Hills #Buscar Company #Treasure Canyon #Permitting Status

Buscar Company Provides Insights on Treasure Canyon Mine Permitting

Buscar Company (OTC Markets Pink: CGLD) has recently issued a corrected report detailing the current permitting status of its Treasure Canyon Mine project. This update is essential for shareholders and stakeholders to understand the progress and challenges faced in this regulatory environment.

Key Developments in Permitting Process

Engagement of Qualified Person

The company has brought on board Martin L. Gallon, a highly experienced geologist, as its Qualified Person in accordance with SEC Regulation S-K 1300. With over 55 years in the mining sector, Mr. Gallon provides invaluable expertise in exploration and compliance, crucial for guiding the project through the permitting labyrinth.

Plan of Operations Submission

On February 6, 2026, Buscar submitted its initial Plan of Operations to the U.S. Forest Service. However, on February 27, the authorities responded, indicating that the submission was incomplete. They outlined specific areas where revisions are necessary before the process can move forward.

Coordination with Regulatory Agencies

The permitting progress requires continual coordination with several agencies including the California State Water Resources Control Board, the California Department of Fish & Wildlife, and the Plumas County Planning Department. The company is actively pursuing necessary permits and has made significant strides in drafting a revised Plan of Operations that addresses feedback from the Forest Service.

Steps Forward

Engineering and Design Work

While the Forest Service has received a temporary bridge permit from the Fish and Wildlife Department, it highlights the necessity for an extension due to its impending expiration in 2026. Meanwhile, engineering work required for the access road, bridge, and water management systems is nearing completion. Final design documents are expected to be submitted shortly, streamlining the communication with interested regulatory bodies.

Timeline Expectations

As of now, no permits have been approved yet. The initiation of the environmental review by the Forest Service hinges on the submission of a complete Plan of Operations and assurance that other permits are actively being sought. The company anticipates that, following the submission of all required documents, the review periods could span from 30 to 60 days depending on the agency involved. However, this timeline is subject to change due to the intricate nature of regulatory procedures and independent agency review timelines.

Management's Commitment

Alexander Dekhtyar, the CEO of Buscar Company, expressed the importance of transparency in communication concerning the progress of the Treasure Canyon project. He acknowledged the discrepancies found in the previous release and reiterated the commitment to rectify the issues presented by the Forest Service. The focus remains on advancing the project in full compliance with legal requirements.

The Exploration Stage Property

It is crucial to note that the Treasure Canyon property is presently in an exploration stage and holds no established mineral reserves. As such, the company relies entirely on external sources of financing to support its exploratory activities. Future development will depend largely on the outcomes of ongoing exploration and permitting efforts.

About Buscar Company

Buscar Company is focused on identifying and leveraging resources in the gold and precious metals sectors. Through its subsidiary, Eon Discovery Inc., it manages mining claims on the Treasure Canyon property located in Plumas County, California. With no current production or revenue, the company's future hinges on successful exploration and the acquisition of necessary permits.

Conclusion

As the project moves forward, Buscar Company remains committed to updating stakeholders on significant developments. The complex process of obtaining permits, particularly in environmentally sensitive areas like Treasure Canyon, requires diligence and adaptability. The company is prepared to address challenges head-on as it strives to fulfill its goals responsibly.