DURANGO, Colo., Feb. 13, 2012 /PRNewswire/ -- Varca Ventures,
Inc. [VRCV.OB] (www.varcaventures.com) has commenced with the
reclamation of its Idaho and
May Day mines located near
Hesperus, Colorado, in the
California Mining District, following the previously announced
approval from the Colorado Mined Land Reclamation Board. This
permit, the first of its kind issued by the Colorado Board in nearly 28 years, is to
resume activities in an area that throughout the early 1900s had
historically produced gold and silver ore.
"We are very pleased to now be taking steps to collect the
necessary field data to fulfill the conditions attached to the
permit and eventually bring these mines back into production. It
comes with a responsibility to the Durango community, to the board members who
voted unanimously, and now to our shareholders. In addition, we are
all incredibly gratified to know that this permit marks the first
gold mine permit of its nature granted by the state since 1984,"
stated Randall Oser, Varca Ventures
President.
Varca Ventures has begun to implement the first phase of action
covered by the permit, which includes:
- Initial geotechnical drilling activities to support future
road, portal, pond and drainage design and construction work
plans
- Installation of groundwater monitoring wells used to define the
environmental baseline characteristics
- Pursuing removal of stockpiled rock and unmilled ore that will
impede the installation of an augmentation pond required by the
Division of Water Resources
All conditions of the permit must be satisfied and approved by
the Division of Reclamation, Mining and Safety through either
technical revision or amendment to the permit with site activities
meeting the permitting requirements of La
Plata County, Colorado before full mining and milling
activity can resume.
Varca Ventures' CEO Roger
Tichenor, Randall Oser,
president and George Robinson,
project mining engineer were interviewed live on February 12th, on Stock Traders Talk Radio, where
they discussed the current status and significance of its historic
gold mining property in Durango
Colorado. The entire in depth report is available on YouTube
http://bit.ly/yRY8ds. Stock Traders Talk Radio,
www.stocktraderstalk.com, is an exciting financial portal
specializing in live radio interviews with the management of
emerging public companies. Stock Traders Talk Radio takes a
comprehensive approach to analyzing OTC stocks, with a special
focus on penny stocks in play within the world markets.
Contact: Randy Oser, President:
(941) 951-0787.
Varca Ventures, Inc. is an exploration stage company that seeks
to engage in the acquisition, exploration and development of
natural resource properties primarily in North America and is headquartered at 1630
Ringling Blvd., Sarasota, FL,
34236.
Forward-Looking Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely,"
"believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on
current facts and analysis and on forecasts of future results,
estimates of amounts not yet determined and assumptions of
management. There are forward-looking statements within this news
release, and actual results may differ materially from those
currently anticipated due to a number of factors beyond the
Company's control. These risks and uncertainties include, among
other things, competition, permitting, and the risk that the
Company may not find any minerals in commercially feasible
quantity. These and other risks are described in Varca Ventures,
Inc. 8K report filed on November 2,
2011 and other filings with the Securities and Exchange
Commission.
Disclaimer: This announcement has been written by American
Business Writers Corp., who has been engaged on behalf of Varca
Ventures to assist in the marketing and advertising of Varca for
monetary compensation. All content in this release is for
informational purposes only and should not be construed as an offer
or solicitation of an offer to buy or sell securities. Neither the
information presented nor any statement or expression of opinion,
or any other matter herein, directly or indirectly constitutes a
solicitation of the purchase or sale of any securities. The
terms of engagement by Varca Ventures Inc. with American Business
Writers calls for compensation of fifty-thousand restricted shares
to perform editorial and advertising services for twelve months,
which services include the issuance of this release. Prior to any
dissemination of press releases on behalf of the Company, the
content is reviewed and approved by Varca's management team.
SOURCE Varca Ventures, Inc.
