Buscar Company, via its fully owned subsidiary Eon Discovery, has staked 44 additional lode mining claims at its Treasure Canyon Project in Plumas County, California, US.
The newly secured claims cover approximately 898.71 acres adjacent to the company’s previous holdings, expanding the total project area from roughly 200 acres to around 1,098.71 acres.
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The claims are intended to cover the interpreted strike extensions of five gold-bearing quartz vein systems, identified as the North, Wayne, Ada, Otto and South veins.
This strategy follows the company’s field mapping work and satellite imagery analysis.
The enlarged claim block spans nearly 3.4km of the potential strike length of these veins.
However, these extensions have not yet been tested by drilling and there is no certainty that mineralisation continues onto the new claims.
Buscar Company is currently seeking permits for a proposed 10,000ft diamond drilling programme focused on the Ada, Otto and South vein systems.
Depending on the outcome of permitting and available financing, plans also include drilling five additional holes to investigate the Sulfide Ridge (Lamb’s Ridge) copper-gold soil anomaly.
The company stated there is no assurance that permits will be granted, funding will be secured or that drilling will find economically viable mineral resources.
Buscar Company CEO Aleksandr Dekhtyar said: “This staking programme nearly quintuples our land position at Treasure Canyon and gives us the footprint needed to systematically explore the district.
“It is a logical step as we advance toward our first drill programme.”
The Treasure Canyon Project is located within the Lights Creek Mining District, part of the Plumas Copper Belt in the northern Sierra Nevada.
Historical mining in the area dates back to the California Gold Rush, with copper and iron production established in the late 19th century at nearby sites such as the Engels and Superior mines.
