#United States #Beverly Hills #Buscar Company #Treasure Canyon #Martin Gallon

Significant Progress in Treasure Canyon Mine Permitting

Buscar Company, trading under the ticker CGLD, recently announced crucial advancements in the permitting process of its Treasure Canyon property located in California. These developments set the stage for upcoming field exploration endeavors, showcasing the company's commitment towards responsibly navigating regulatory frameworks.

Overview of Advancements

Key Steps in the Permitting Pathway
The company has taken essential steps that include:
1. Engaging a Qualified Person under SEC Regulation S-K 1300.
2. Preparing and submitting a detailed Plan of Operations to the U.S. Forest Service.
3. Incorporating agency feedback into revised plans.
4. Commencing the multi-agency permit coordination process.
5. Nearing completion of required engineering designs for infrastructure components.

Despite having no permits approved as of yet, Buscar has successfully established contact with all pertinent regulatory agencies and submitted necessary applications. This foundational work is critical as it lays down the structure for the future of the Treasure Canyon project.

Engagement of a Qualified Professional

The company appointed Martin L. Gallon from Lumwana LLC as its Qualified Person. Mr. Gallon, a seasoned geologist with over 55 years of industry experience, holds a BSc Honours in Geology from London University and possesses crucial expertise in regulatory compliance and technical assessments, which is invaluable to the company's permitting process.

In-Depth Details on Permitting

Plan of Operations Development

Under Mr. Gallon’s supervision, the company has formulated a comprehensive Plan of Operations. This document, which outlines mining activities, environmental protections, and reclamation strategies, is essential for meeting regulatory requirements. The initial plan was submitted to the U.S. Forest Service in February 2026 and feedback was timely addressed through revisions, fulfilling the Forest Service’s expectations for responsible operation.

The Forest Service’s final approval of the Plan of Operations hinges on the successful acquisition of all necessary permits from involved state and county regulatory bodies, a standard practice for projects of this nature.

Coordination with Regulatory Agencies

Buscar has been proactive in liaising with various regulatory bodies to acquire the essential permits. These include:

• - Water Rights from the California State Water Resources Control Board.
• - Streambed Alteration Agreement from the California Department of Fish & Wildlife.
• - Land Use Approvals from Plumas County Planning Department.
• - Air Quality Permits from the Sierra County Air Pollution Control District.
• - Wastewater Discharge Permit from the California Regional Water Quality Control Board.
• - Compliance with the Surface Mining and Reclamation Act (SMARA) from the California Department of Conservation.

The company has made significant strides on this front, completing and submitting required application forms and working towards the engineering design for mandated infrastructure, such as access roads and water treatment systems.

Timeline Expectations for Permits

While no permits are currently approved, the anticipation of timelines for receiving these permits is as follows:

• - State Waterboard permits expected within 30-60 days.
• - Streambed Alteration Agreement within 30-60 days.
• - SMARA approval within 30-60 days.
• - Air quality permits and County land use approvals within approximately 30 days.

However, it’s crucial to understand that the entire permitting process is subject to each agency’s independent review timelines and regulatory oversight, thus granting no firm assurances on the timing or conditions surrounding permit approvals.

Management’s Perspective

CEO Alexander Dekhtyar expressed satisfaction regarding the progress made towards the permitting process, highlighting Mr. Gallon’s expertise as a key asset. He noted,

“While the multi-agency permitting process is complex and timeline certainty is limited, we believe we have taken the necessary steps to position the project for regulatory review.”

The company remains dedicated to responsible development practices and will keep stakeholders updated as it surmounts additional milestones in this journey.

Exploration Stage and Financial Considerations

It is vital to note that the Treasure Canyon property is in the exploration stage, without established mineral reserves. Therefore, there is no guarantee that further exploration will yield economically viable results. As of now, the company has no operational revenue and is reliant on external financing for its ongoing activities.

About Buscar Company

Founded with a focus on mineral exploration, Buscar Company emphasizes finding opportunities in gold and precious metals. Operating through its subsidiary Eon Discovery Inc., the company holds mining claims in Plumas County, California, operating entirely in the exploration phase without mineral reserves.

Conclusion

Looking ahead, Buscar Company’s ability to navigate the permitting landscape presents a significant opportunity for the success of the Treasure Canyon project. With ongoing efforts to secure necessary permits, the company is positioning itself to make strides within the mining sector, contingent upon meeting regulatory frameworks and guidelines.