Buscar Company Takes Decisive Action: Retracts Treasure Canyon Mineral Estimates for Renewed Transparency

In a candid and transparent move, Buscar Company has announced a significant retraction regarding the previously published mineral reserve estimates for its Treasure Canyon Property in Montana. It appears the initial findings, stemming from a 2017 internal report by Dr. K. D. Palmer, contained some rather serious errors and omissions in their methodology, prompting the company to hit the reset button.

You see, those earlier estimates were quite substantial, touting figures like 10.7 million ounces of gold equivalent and 1.8 million ounces of platinum. While certainly exciting at the time, Buscar has now confirmed that these numbers simply didn't meet the rigorous standards of regulatory compliance, specifically the NI 43-101 guidelines for disclosing mineral projects. Essentially, the calculations weren't quite up to snuff, making them unreliable for investors and stakeholders alike.

But this isn't a story of giving up. Far from it! Instead, Buscar is doubling down on its commitment to accuracy and transparency. They’ve brought in some serious geological firepower by engaging B&H Geological Services, headed by the highly respected Dr. Bruce D. Bush. Dr. Bush is a true veteran in the field, renowned for his expertise and independent judgment, which is exactly what’s needed to conduct a thorough and compliant re-evaluation of the Treasure Canyon Property.

It’s a bold step to retract such optimistic figures, but it speaks volumes about Buscar’s dedication to integrity. The company is making it clear that while the previous estimates are now off the table, this doesn't diminish the inherent potential of the Treasure Canyon Property itself. Rather, it signifies a commitment to ensuring that any future projections are based on sound science and adhere strictly to industry best practices.

This decision, according to Buscar, is all about fostering trust and ensuring responsible resource development. By proactively addressing the discrepancies and bringing in an independent expert, the company aims to provide accurate, reliable data that everyone can stand behind. It’s a move towards a clearer, more honest path forward for the Treasure Canyon project, promising a more solid foundation for its future.