Gold Ming Company Buscar
Announces First Dore Bars Sent To
Refinery
DENVER, CO
-- October 22, 2020 -- InvestorsHub NewsWire
-- Buscar Company (CGLD)
announced today
that the Company has sent in approximately
219 grams (or approximately 7
troy
ounces) of
Dore Bars to be refined. The 219 grams represents approximately 750
pounds of rock ore that was crushed on site as the mining team awaits the
arrival and setup of their heavy mining and milling
equipment.
President Thomas Heathman
stated, "Once the refinery has
analyzed the fine metal
content of the Dore Bars, we will receive a
wire payment valued at the daily
market price based on the fine metal(s)
contained in the refined
material. Additionally, we will be
sending two pounds of gold concentrate to
be chemically processed and refined by a second refinery.
Once both refineries have completed their processes and sent us
their settlement reports, we will determine which method makes the
most economic sense for the company."
Mr. Heathman continued with,
"The main
difference between the two is that the first refinery requires
us to send Dore Bars (or buttons) to be
refined whereas the second refinery allows us to send the
concentrate in to be chemically processed and
refined,
thereby saving the company the
step of
smelting. We have approximately
200 pounds of
concentrate. The 200 pounds will be processed once the
determination is made on
which refinery to
use for
our specific needs."
Mr. Heathman finished up
with, "The reason we are testing the different refineries instead
of just completing fire assays is because a fire assay
is a
totally destructive assay
method and
used for
exploration and does not generate revenue. We have
begun the
transition from
exploration to production and will be determining which refining
method makes the most economic sense as we scale up production over
the coming months."
Buscar Company is a mining operation
that holds the rights to the Treasure Canyon Mining claims located
in Plumas County, California. More information on the 200
acre property, maps, drawings, assays and an appraisal of the
mineral reserves can all be found at the company
website, https://BuscarCompany.com.
Notice Regarding
Forward-Looking Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or
intentions regarding the future. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs,
plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. https://www.buscarcompany.com/forward-looking-statements
Please refer to our Forum
at https://www.buscarcompany.com/forum and
the Company's Twitter page https://twitter.com/BuscarCompany
for additional
information and
updates.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
SOURCE: Buscar
Company