Varca Ventures Subsidiary Receives Conditional Approval From Colorado Mined Land Reclamation Board to Proceed With Site Remed...
29 November 2011 - 11:11PM
Marketwired
Varca Ventures Inc. (OTCBB: VRCV) announced today that on November
9th, its wholly-owned subsidiary Wildcat Mining Corporation
received a conditional permit by unanimous approval from the
Colorado Mined Land Reclamation Board to proceed with site
remediation at its May Day and Idaho Mines in Southwest Colorado.
The approval of the conditional permit from the Board allows
Wildcat Mining to correct outstanding issues that were until now
not resolved due to a cease-and-desist order from the State of
Colorado. The May Day Idaho Mining Complex, located near Hesperus,
Colorado, 15 miles west of Durango, in the California Mining
District, is Wildcat Mining's primary asset.
"The Board's unanimous vote today allows Wildcat Mining to move
forward in a measured fashion to resolve existing issues on the
project site. We are pleased with the Board's work to ensure that
all stakeholders have been informed and involved. We believe the
permit approval will create new jobs in Durango for contractors,
construction personnel and drillers," stated Randall Oser, Wildcat
Mining President.
Varca Ventures also began trading on the OTCBB under the symbol
"VRCV.OB."
Varca Ventures, Inc. is an exploration stage company that seeks
to engage in the acquisition and exploration of natural resource
properties primarily in North America and is headquartered at 1630
Ringling Blvd., Sarasota, FL, 34236. The Company has not earned any
revenues to date, and its independent auditor has issued an audit
opinion which includes a statement expressing substantial doubt as
to its ability to continue as a going concern. You can visit
www.varcaventures.com for more information.
Forward-Looking Statements 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.
Contact: Randy Oser President (941) 951-0787
Varca Ventures (CE) (USOTC:VRCV)
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