Varca Ventures Proceeds with Reclamation of Historic Gold Mine Following Unanimous Approval of Colorado Mined Land Board

 

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: [phone].

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.

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